Private equity, Mergers and Acquisitions, MSP, Content

Flex Technology Group: Acquisitions Create Managed Print Services Giant

National managed print services provider Flex Technology Group (FTG) continues its expansion. Following three acquisitions in the last two months, the company has announced the opening of four new office locations.

FTG, backed by private equity firm Oval Partners, has a portfolio of  office technology companies that spans 15 partnership deals: FlexPrint, Laser Options, ProCopy, Cannon IV, Action Imaging Group, Caltronics, Infincom, Flo-Tech, Marimon, ONNYX, Century, Shamrock, OET, OESA, CBE, Millennium Business Systems, and Laser Technologies Service.

FTG now has combined revenue of $325 million and more than 1,000 employees across the United States.

The most recent acquisitions – CBE, Millennium Business Systems, and Laser Technologies Service – were all completed in the last two months.

FTG says the new facilities will be used to promote “a heightened national presence, enhanced customer service, and greater growth opportunities for employees.” They are located in Dallas, Texas; New Haven, Connecticut; Mesa, Arizona; and Chico, California.

FTG in 2005 began operating as FlexPrint LLC based in Mesa, Arizona. Founder Frank Gaspari in 2015 joined with Oval to build out a national group of print dealers to serve enterprises and major accounts around the United States.