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Boston - Jaco Electronics Inc. moved much closer to full national distribution last week by agreeing to purchase Q.P.S. Electronics Inc., a small broad-line distributor based in Schaumburg, Ill.
The acquisition of Q.P.S., coupled with the establishment of an Arizona office earlier this year, gives Jaco geographical coverage of about 95% of the U.S. electronics distribution market, according to Joel Girsky, chief executive of the Hauppauge, N.Y., company.
"As we stated in our recently completed public offering, we are very interested in growing the company through opportunistic acquisitions. And Q.P.S. is indicative of our intent to continue to do so, especially given our strong financial position," Girsky said.
Q.P.S. will provide...