Under the terms of the agreement, PCM acquired the right to hire approximately 400 B2B sales representatives located across the United States and Canada, all rights to the NATG B2B customer list (and not any consumer customer list), certain B2B customer and vendor contracts, trademarks and other intellectual property rights including the TigerDirect brand, and certain fixed assets and equipment. The parties have entered into a transition services agreement to facilitate an orderly transition of the purchased assets. PCM expects that the acquisition will significantly enhance its footprint in the small-medium-business marketplace, as well as in the educational and public sector markets.
Frank Khulusi, PCM's Chairman and Chief Executive Officer, stated, "This is an exciting acquisition intended to allow us to further leverage our operating infrastructure and bring our comprehensive solutions offerings to an expanded customer base. I have personally met with many of the newly hired sales representatives and share their excitement over the opportunities we have to provide our large newly acquired customer base with outstanding service and an expanded set of IT solutions."
We have hired 460 employees who formerly worked for Systemax's NATG business, of which 375 are B2B sales representatives. For the balance of Q4 and through Q1 2016, these B2B reps will be undergoing training on our systems and processes and ramping their productivity, with an expectation of an incremental cost impact to operating income of approximately $2 million in each of our Q4 2015 and Q1 2016. Certain purchased assets, including ERP tools, website technology, URLs and certain customer data, are expected to be delivered by the Seller by mid February 2016, after which we expect to achieve a more normal sales potential. We also currently expect the purchased assets and these sales representatives to ramp from approximately $40 million in sales in Q1 2016 to between $75 and $85 million in sales per quarter and an adjusted EPS accretion of $0.10 to $0.15 per quarter for the remainder of 2016, resulting in a 2016 full year adjusted EPS accretion of $0.20 to $0.30.