Bob Theis of J.R. Clancy Responds to Acquisition by Wenger

by Jacob Coakley

Bob Theis, CEO of J.R. Clancy, answered questions about their acquisition by Wenger Corp.
Bob Theis, CEO of J.R. Clancy, answered questions about their acquisition by Wenger Corp.
Last Thursday, August 4, J.R. Clancy and Wenger released a statement that Wenger would buy J.R. Clancy. The press release was two sentences long, simply stating the agreement was in place, and calling it “exciting news.” Monday, August 8, J.R. Clancy released some more information about the acquisition in an email newsletter. The email stated that J.R. Clancy would continue to operate as a “autonomous subsidiary” of Wenger and would remain based in Syracuse, NY. When I reached Bob Theis, CEO of J.R. Clancy by phone, he reiterated these statements in no uncertain terms.

“We’re completely autonomous,” Theis said. “Mike Murphy and I will continue to run J.R. Clancy as usual. It’s business as usual. [There will be] no changes in personnel, no changes in anything else.”

Theis went on to explain that the deal was a result of Wenger looking to expand their offerings in theatrical goods in the educational market, and J.R. Clancy’s shareholders looking to transition out of ownership. The new agreement lets Clancy continue to operate in the way it best does, continuing their mission of “Make Our Partners Successful.”

“We’re still very very strong, we’re still very active,” said Theis. “We have great prospects going forward.” He added that he expects the company to once again be named to the Inc. 5000.

I have an interview request in at Wenger Corp as well. I will update this story after that takes place.

For more info about J.R. Clancy, please visit www.jrclancy.com

For more info about Wenger Corp, please visit www.wengercorp.com.

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