NewBold Corporation Acquires
JR’s POS Depot in Coral Springs, FL.
Greenville, S.C. – NewBold Corporation, an international provider of products and services enabling the implementation of identification and technology solutions, is pleased to announce its acquisition of JR’s POS Depot in Coral Springs, FL. JR’s POS Depot is a privately held company operated by shareholders and officers.
JR’s POS Depot was established in Florida in 2000 by Founder/Chairman Riad Alakkam. They specialize in providing custom solutions and services for the financial transaction industry. Some of the services they provide include key encryption, programming, and custom deployment. They also offer new and remanufactured Point of Sale equipment from various, major OEMs.
“This acquisition gives us a distinct, competitive advantage in the point-of-sale space. We just took a significant step in the process of offering a true end-to-end solution to our customers and strategic partners.” stated NewBold Corporation President and CEO Keith Howerin.
Kenn Moritz, President of Stonewood Capital Management, Inc. (the Pittsburgh-based private equity firm that owns NewBold), stated, “Keith and his team continue to grow NewBold’s Point of Sale business organically and through strategic investments. We are excited about the new possibilities for expansion and growth which will follow NewBold’s acquisition of JR’s POS Depot.”
About NewBold Corporation: NewBold, founded in 1994, is a leading North American manufacturer of plastic cards, metal plate embossers, and card imprinters. They operate two primary divisions, NewBold Technologies (hardware management solutions) and NewBold PlasticCards (blank plastic cards manufacturer).
About Stonewood Capital: Stonewood Capital Management, Inc. is a Pittsburgh-based private equity firm seeking investment opportunities primarily with manufacturing, assembly, or business service companies with revenues from $5 – $50 million. Stonewood Capital holds operating companies across the Mid Atlantic region.