Comtronics Merger Should Be Seamless
By Linda Stiles- Staff Writer
January 9, 1999
An acquisition of Comtronics of Jackson will be nearly invisible to customers but could result in more jobs and growth for the 40-year-old tele-communications and electronic security firm.
Under the deal announced Friday, Comtronics becomes a wholly owned subsidiary of Walker Capital Corp.
John A. Campau remains as president and will be a significant stockholder in Walker Capital.
Campau will oversee day-to-day operations of Comtronics, and customers should notice no differences, he said.
Philip F. Campau Sr., John Campau’s father, continues as chairman of the board.
Continued employment and benefits are being offered to the 40 employees of Comtronics.
The change will allow continued growth of Comtronics, which completed record sales, increasing by 25 percent, in 1998, Campau said.
Walker Capital Corp. was formed by James F. Walker for purposes of the Comtronics acquisition. Walker also owns Silver Foam Distributing Co., a Jackson beverage-distribution company.
Comtronics’ growth during the past year includes an increased number of customers in out-state areas, including retail chains served by the Jackson-based company.
By piggybacking with sister-company offices in Ann Arbor and Battle Creek, Comtronics can provide those customers with better service and also continue growth in those areas, Campau said.
Comtronics has more than 3,000 residential and commercial customers in Michigan, Ohio and Illinois. Services include a 24-hour alarm monitoring facility in downtown Jackson and Superior Answering Service, a 24-hour telephone-answering service.
Other acquisitions are expected in the telecommunications and electronics area, and other out-state offices are planned, Campau said.
“With the inherent competitive nature of our industry, (new owners) have the knowledge, resources and expertise to provide world class service to our customers and facilitate rapid expansion into other markets,” Campau said.
Walker grew his wholesale-distribution business from $36 million in 1978 to $360 million in 1993.
“We are very proud to have Comtronics on our team. Our philosophy and management styles are very compatible, and we look forward to continuing their 40 year commitment to excellence,” Walker said in a written announcement of the acquisition.
Reprinted with permission from The Jackson Citizen Patriot
Copyright January 1999