Transaction Enables Company to Expand Its Reach Into Dynamic Healthcare Market
Innovative Office Products (IOP), parent company to HAT Contract and a leader in ergonomic monitor, tablet, sit-stand mounting products and height adjustable desk solutions for the office market, announced today that it has acquired Louisville, Ky.-based CompuCaddy. A well-recognized brand within the healthcare industry, CompuCaddy is a manufacturer of medical computer carts, medical cart workstations and other complementary products for medical and healthcare facilities.
“We are excited to add the CompuCaddy brand and its suite of high quality product solutions to our Innovative family,” said IOP CEO Dave Fox. “Their approach to product design and manufacturing, made here in the U.S.A., along with a focus on exceptional customer service, nicely aligns to ours. We see tremendous potential for growth and a unique ability to meet the dynamic work product needs for healthcare and medical professionals.”
Innovative’s Chief Financial Officer Kevin McClelland will assume the dual role of President for the business. Patricia Moore, most recently serving as CompuCaddy’s President, will now serve as General Manager for the business, reporting to McClelland. CompuCaddy Owner Greg Linkins will remain engaged in a consulting role.
All CompuCaddy product designed and manufactured at the company’s Louisville location will maintain operations at that location. Innovative plans to hire a new sales leader and add to CompuCaddy’s existing sales force in the months ahead. It will continue to operate and remain under the CompuCaddy brand name for the immediate future.