Category: News

The Zaf Group is pleased to announce the sale of ABCO Systems, a leading provider of material handling solutions, to Element Logic, a strategic acquirer specializing in warehouse optimization technologies. This transaction marks an exciting milestone for ABCO and positions the business, its employees, and its customers for continued growth, innovation, and long-term success.

The sale reflects The Zaf Group’s commitment to building enduring companies, and where necessary, identifying strong partners to lead them through their next phase of evolution.

“It has been a true privilege to partner with ABCO over the past five years.” said Mike Zafirovski, Chairman and CEO of The Zaf Group. “The people and the culture are what make this company so special, and we’ve been constantly inspired by the team’s passion, resilience, and commitment to excellence. As stewards of the business, our goal was always to support its long-term growth and to invest in its people. We’re incredibly proud of what we have accomplished together and have full confidence that the Element Logic team will continue to build on this foundation and take the company to even greater heights.”

During its partnership with The Zaf Group, ABCO experienced substantial growth and transformation, including:

• Doubled the size of company while maintaining a strong company culture and employee engagement, earning “Best Places to Work in NJ” recognition for three consecutive years

• Achieved significant growth through disciplined execution, market-driven solutions, and strategic geographic expansion via multiple new office locations

• Relocated its headquarters to a new, modern facility featuring a state-of-the-art showroom

These achievements are a testament to the strength of ABCO’s leadership team, the dedication of its employees combined with the long-term investment philosophy and value creating capabilities of The Zaf Group. The leadership team is immensely proud of the growth they’ve achieved together and is energized by the opportunities that lie ahead with Element.

“We are proud to have partnered with The Zaf Group over the past five years,” said Seth Weisberg, CEO of ABCO Systems. “Through smart growth, a relentless focus on customers, and a deep investment in people and infrastructure, the team has built an exceptional platform. We are confident that our new partnership with Element Logic will build on this momentum and allow us to continue to lead in the material handling solutions industry.”

“This is more than an acquisition – it is a perfect fit. ABCO’s strong commercial presence, complementary solutions, and customer-first approach are fully aligned with our values. By combining our strengths, we are empowering customers to optimize performance through holistic warehouse automation solutions that scale with their needs.” Krish Nathan, CEO – Element Logic Americas.

The Zaf Group would also like to thank Stillwater Capital for their partnership and guidance throughout the transaction process. Their thoughtful approach and industry expertise were instrumental in identifying the right strategic partner to carry ABCO Systems forward.

About ABCO Systems:

ABCO Systems is a full-service systems integrator specializing in end-to-end material handling and automation solutions. They design, build, and support scalable systems that combine racking, mezzanines, conveyors, sortation, robotics, pick modules, and more – tailored to the unique needs of each facility.

As consumer demand accelerates and supply chains grow more complex, ABCO helps businesses stay competitive by integrating smart, flexible technologies that streamline every stage of warehouse operations – from order picking and packing to storage and fulfillment. Their solutions are built through trusted partnerships with leading automation and storage manufacturers, ensuring long-term performance and ROI.

Whether modernizing existing infrastructure or developing a new distribution center, ABCO Systems is committed to guiding clients through every stage of the process – from concept and engineering to installation and ongoing support. Delivering systems and building lasting solutions.

About Element Logic®

Element Logic optimizes warehouse performance through cutting-edge technology, AI-driven software, and tailored solutions that enhance efficiency, accuracy, and scalability. Element Logic is a global technology company founded in 1985, with more than 900 employees across 30 countries specializing in intelligent warehouse automation, and it’s the world’s first and largest AutoStore partner.

With a strong heritage rooted in innovation, Element Logic empowers businesses across industries to maximize success by automating workflows and improving logistics operations. Their unique combination of expertise, proven track record, and commitment to both, people and technology, make them the preferred partner for warehouses aiming to gain a competitive edge.

At Element Logic®, people are the greatest resource. It is their bravery, passion, and reliability values that enables them to deliver smarter solutions for their customers to succeed. Optimizing warehouse performance is not just a slogan – it is their mission.

Learn more at www.elementlogic.us and follow them on LinkedIn and YouTube. 

About Stillwater Capital:

Stillwater Capital is one of North America’s leading mid-market M&A advisors, having completed over 120 transactions in the past 20 years. Stillwater is dedicated to entrepreneurs and is singularly focused on generating outstanding outcomes for clients as they divest or acquire. Learn more at https://stillwatercapital.ca/

📢 Exciting Growth Milestone for ACP CreativIT!

We’re proud to share that ACP CreativIT, a key portfolio company of The Zaf Group, has acquired Mindsight, a Chicago-based IT consulting firm renowned for its expertise in Cisco technology, cloud services, cybersecurity, and managed services.

This strategic bolt-on acquisition enhances ACP CreativIT’s capabilities in delivering robust, high-performance IT infrastructure solutions while expanding their footprint in the greater Chicago region. Mindsight’s strong reputation and commitment to excellence align perfectly with ACP’s mission to provide best-in-class technology solutions to clients nationwide.

This marks ACP CreativIT’s fourth successful acquisition, reflecting their continued focus on strategic growth and customer-centric innovation.

Join us in welcoming the Mindsight team to the ACP family and celebrating this exciting new chapter! 🚀

👉 Learn more here: https://acpcreativit.com/post/acp-creativit-strengthens-expertise-and-service-offerings-with-the-acquisition-of-mindsight

‘We are long term-oriented and are continuing to hire and grow our headcount as we build a dynamic platform from the four terrific companies that we have bought,’ says new ACP CreativIT CEO Matt Zafirovski. ‘We continue to invest to grow!’

New ACP CreativIT CEO Matt Zafirovski said the fast-growing $300-million company is continuing to invest to fuel growth through both acquisitions and its next-generation national technology solutions and services platform.

“We are long term-oriented and are continuing to hire and grow our headcount as we build a dynamic platform from the four terrific companies that we have bought,” said Zafirovski, who is continuing to evaluate mergers and acquisitions as the company builds out its national next generation services platform. “We continue to invest to grow! With our geographic expansion we now have a viable platform to deliver business outcomes with managed services, security, cloud and infrastructure services anywhere in the country.”….

https://www.crn.com/news/cloud/new-acp-creativit-ceo-matt-zafirovski-we-re-investing-to-drive-growth

Buffalo Grove, Ill., Oct. 24, 2022 – ACP CreativIT, parent company of ACP, Camera Corner Connecting Point, Citon and Versatile, announced that its Board of Directors has chosen Matt Zafirovski as the organization’s next Chief Executive Officer. Zafirovski, who currently serves as the company’s Chief Operating Officer, succeeds Scott Dunsire.

“The Board and I are very excited for what the future holds for ACP CreativIT,” said Mike Zafirovski, executive chairman of ACP CreativIT and the founder of The Zaf Group. “Matt has a record of strong leadership experiences and delivering results in an array of industries. He embodies the customer- oriented and people-first approach that has made these companies great.”

“I am thrilled to lead this exceptional organization, which is comprised of four really special companies filled with amazing, talented and dedicated people,” said Matt Zafirovski. “We work incredibly hard every day to bring the best of integrated technology solutions and services to our customers. We are an emerging leader in a rapidly growing market and our customers need the expertise and breadth of solutions that we bring to bear.”

Zafirovski holds a Bachelor’s degree in Public Policy from Duke University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University. He was a consultant at McKinsey & Company, held various management roles as a vice president for Groupon International – including co-founding and leading its business in South Korea, and was director of The Napa Valley Reserve. He is very involved civically, including serving on the board of directors and executive committee of the Golden Apple Foundation.

Board Member and CCCP CEO Rick Chernick said, “Our business is in a great position and I look forward to our future growth under Matt’s direction. We are fortunate to have many of the original owners of our businesses still in significant leadership roles, including Steven Dastoor and Sean Dean from Citon, John Barker & Kevin Meany from Versatile, Darren Wesley from ACP, and my son Ryan Chernick and me from CCCP. We will continue to work together to grow our portfolio and profitability, while never losing sight of our values and most important assets—our people, our customers and our vendor partners.”

Mike Zafirovski spoke to Dunsire’s tenure as CEO, “Scott did a terrific job of leading us over this past five years as we grew the business organically and via acquisition, while always respecting our people and their valued contributions.”

Rick Chernick added, “I wish Scott the best in his next move. He is and always will be my friend.”

Zafirovski takes the helm of ACP during a period of rapid expansion. Over the last five years ACP increased its revenue from $70M to over $300M, increased its employee count from 65 to over 330 and made three strategic acquisitions that increased its depth of capabilities as well as geographic coverage, to better support its customers.

About ACP CreativIT
ACP CreativIT is focused on delivering business outcomes and providing long-standing solutions to its customers that incorporates world-class technology. The organization is a rapidly growing IT, managed service and AV solution and services provider, rooted in the Midwest with emerging presence and reach in the Northeast and Southeast regions. ACP CreativIT is focused on helping customers transform their businesses digitally and boosting their productivity, security, and collaboration.

https://acpcreativit.com/post/acp-creativit-appoints-matt-zafirovski-as-new-ceo/

“The beginning is the most important part of the work.” – Plato

We are excited to announce the official opening of our Skopje office! It’s time for new beginnings, new connections, new challenges.

The small “cutting the tape” ceremony by our founder Mike Zafirovski was followed by a relaxed cocktail party, reconnecting of old friends, as well as making new ones.
We truly believe it’s time to reverse the trends and reconnect the people, while keeping that cozy “home feeling” in the workspace. So, we completely redesigned and refurbished the office space with one motto on our minds – “Bring the home office to the office!”.

Our doors are open! Welcome!

Originally posted on TZG Europe Facebook page