Online Tech Stores, a Reno, Nevada-based wholesale distributor of aftermarket imaging supplies and accessories, received an investment from Blackford Capital, a national private equity firm.
Debt financing was provided by Fifth Third Bank, with support from syndicate partners Union Bank and Zions Bank, and OFS Capital Corporation. The amount of the deal was not disclosed.
The company intends to use the funds to continue to expand its business reach.
Founded by Bob Willmes in 2009, Online Tech Stores is a wholesale distributor of aftermarket imaging supplies and accessories, including: laser printer toner cartridges, ink cartridges, toner, copier toner, ribbons, thermal fax consumables, and other products and peripherals.
The company, which is now the largest importer of toner products in the United States, offering a comprehensive portfolio of over 3,000 products, currently employs over 100 people and operates in five facilities.