Case Study

Premier Workspaces –

About Premier
Premier Workspaces (Premier) is one of the largest privately held executive suite companies in the US. Premier was founded in 2002, and has an industry-experienced staff and locations that have been serving executives since 1990. Premier allows businesses to maintain a professional office location with conference rooms, phone lines, high speed internet, mail, and secretarial support without the fixed expense of leasing a traditional office.

Premier has owned or operated 134 shared workspace locations representing 2.4 million square feet in 12 states.

The Deal
Bascom partnered with Chenco to acquire Premier, which was formerly called American Office Centers, out of bankruptcy in May of 2002 for $2M. At the time of the acquisition, American Office Centers had 9 locations with revenues of $6M.

The entire senior management was replaced by Bascom, as Premier worked closely with the firm to scout management talent through its extensive network.

Premier has grown from $6M in revenues to over $50M. During this time, they have either acquired other companies or started new locations for a total of 91 current locations.