The ABCO Group, formally the American Book Company (ABC), has been a stalwart in warehousing, logistics, and book distribution in East Tennessee since the mid-1990s. The previous five years, however, have seen the company shift its interests toward a broader range of strategic investment opportunities.
In 2019, following excellent returns as a leading book distributor, the ABCO Group decided to diversify its prospects. Current group President and Chief Financial Officer (CFO) Jeff Cain joined ABCO in January of that year to facilitate the process as the company expanded its portfolio with new investment and management opportunities. In 2021, Ontario-based bargain book distributing giant Book Depot Inc. acquired ABC but declined to take on its ancillary business activities and investments. As a result, the ABCO Group holding company was formed.
Today, the ABCO Group prides itself on finding the perfect business match for sharing its expertise and investments. Typically, the company works with business owners seeking an exit strategy, whether for retirement or to move to other opportunities. The ideal company will, as a rule, have an excellent team already in place and generate revenue between $2-$10 million annually.
Cain emphasized, “We don’t want to run the businesses.” Instead, ABCO invests time to ensure current and incoming teams are the right fit and are well-equipped to take the business to the next level. While the investment parameters might appear to exclude start-ups and newer companies, Cain highlighted that the company is also open to these opportunities and has already invested on a few occasions.
About ABCO Group
The ABCO Group provides its partners with a wealth of strategic business services, enabling them “the freedom to do what they do best.” Applying ABCO’s expertise to warehousing, logistics, retail placement, compliance management, accounting, finance, and more, allows their partners to optimize their business operations and focus on growing their returns. The Group’s portfolio is indiscriminate on the industry, and the ABCO team values being a trusted resource that businesses can rely on in every sector.