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The combined company will have trailing annual revenues in excess of $280 million, serving a blue chip client base spanning over 50 countries, with a global team of more than 4,000 employees across 30 office and operating centres.

“This acquisition allows us to leverage our expertise and accomplishments by combining the strengths of Dataforce Group with BancTec to address the needs of our valued customers within our expanded marketplace,” said Jim Reynolds, a partner at HandsOn.

Coley Clark, Chairman and CEO of BancTec, said, “We are very excited about this transaction and look forward to our partnership with HandsOn. The combined companies will create a diversified multi-industry services provider, leveraging shared strengths to capture new business and improve customer service and operational efficiency.”

The current BancTec leadership and management team will remain in place and play a key role in the growth of the combined company. Subject to the satisfaction of customary closing conditions, including the approval of BancTec stockholders, the transaction is expected to close in April.