December 15, 2017
The acquisition of the Californian dealer is the latest development of FlexPrint’s growth strategy.
FlexPrint, LLC have acquired Sacramento, California-based office technology dealer Caltronics Business Systems, which has twelve offices throughout Arizona and Northern California. The company has been providing office technology and award-winning service for over forty years, and has been named in OfficeDealer Magazine’s Top 50 Dealers nationally for seven years in a row. The acquisition is funded by private equity firm Oval Partners, of San Francisco, which itself acquired FlexPrint in 2016.
“This investment marks an important milestone for FlexPrint LLC,” states Frank Gaspari, FlexPrint’s CEO. “We are pursuing and executing on an aggressive expansion plan and the addition of Caltronics to our portfolio of partner companies speak volumes to how unique and dynamic this initiative is.”
Dan Reilly, Caltronics CEO, will become an equity holder in FlexPrint, LLC, although he shall remain in his current leadership position alongside the rest of Caltronics’ executive team. Reilly said: “We are very excited to join forces with Oval Partners and FlexPrint, LLC in our next phase of growth. We see a significant opportunity to expand our market share and enhance our service offerings through our partnership with FlexPrint, LLC, providing more opportunities for our employees and more choices for our customers. Oval’s unique ability to partner with founders and entrepreneurs is quite evident as they collaborate with Frank Gaspari and team to capitalize on a very attractive market opportunity that exists today in our industry.”
Categories : City News