InterOcean Advises on Sale of ACS, Inc.

- Distribution & Business Services, Electrical Products, Transactions

[JUNE 28, 2019] InterOcean Advisors is pleased to announce the successful sale of ACS, Inc. (“ACS”) to LMR Distributing, LLC (“LMR”), a value-added distributor of Motorola commercial radios primarily in the Midwest. InterOcean acted as the exclusive financial advisor to ACS, Inc.

“The InterOcean team has been a fantastic, valuable advisor throughout the process, even in the final stages when other firms may have been non-existent. InterOcean stayed on top of all the details and always recommended what was best for us as shareholders.” – Bruce Keil, Executive Vice President and Shareholder of ACS, Inc.

ACS is the largest value-added distributor of Motorola two-way radio products in North America, providing business, commercial, and consumer recreational two-way radios, as well as components and accessories to resellers and select national end-user accounts in the retail, manufacturing, property and lodging, commercial, health care, food service and education markets.

“We are delighted to have advised the shareholders of ACS on the monetization of their holdings in the company they started nearly 30 years ago. We believe that this business combination achieves the desired outcome not only for ACS and LMR, but also for Motorola and its two-way radio customers, who will benefit from more robust service, sales and inventory management capabilities,” stated Bill Doepke, a Managing Director at InterOcean. “These enhanced capabilities, coupled with LMR’s industry experience, should propel the company to achieve strong growth in the future.”

About ACS, Inc.
Founded in 1991, ACS has grown into the largest distributor of Motorola two-way radio products in North America. With extensive distribution capabilities, ACS serves resellers with corporate offices in nine Midwest states, as well as large national accounts based throughout the U.S.

About LMR Distributing, LLC
LMR Distributing, LLC was founded in 2008 as a value-added distributor for Vertex Standard, a subsidiary of Motorola, and became the Midwest distributor for Motorola commercial radios and accessories in 2018. LMR has two sister companies: Vertex Wireless, a 4PL in the wireless handset industry, and Conversa Solutions, an engineering services firm focused on the wireless industry. For more information, visit

About InterOcean
InterOcean Advisors LLC is an independent investment bank that provides mergers and acquisitions and capital raising advisory services to manufacturing, industrial and related business-to-business service provider companies. For more information, please visit