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Oval Partners invests in Marimon

Oval Partners invests in Marimon

July 12, 2018

Oval Partners, a San Francisco based multi-family office private equity firm, today announced a new partnership with Marimon Business Systems.

Marimon is an office technology dealer in Texas with offices in Houston, Dallas, and Fort Worth. Since 1978, the company “has gone to great lengths to provide customers with state-of-the-art technology and first-class service”, according to Oval Partners. Marimon is a Canon and Lexmark dealer, delivering state-of-the-art technology and providing comprehensive business solutions to businesses throughout the state of Texas.

“Marimon’s next phase of growth has just been amplified by joining Oval Partners and Flex Technology Group,” said Anthony Marimon, CEO of Marimon Business Systems.  “With the Flex Technology Group, we have additional resources to execute our strategy and further accelerate our growth. They have built an excellent partner model that will allow our company to create exciting opportunities for our employees, greatly expand our market share, and further enhance the services we provide to our customers.”

“Over the last 40 years, Marimon has established itself as an industry innovator focused on amazing customer service. Their client-first philosophy aligns perfectly with the Flex Technology Group’s culture,” said Frank Gaspari, CEO of Flex Technology Group.  “This partnership provides us the opportunity to continue our growth trajectory with an outstanding company and expand into the great state of Texas.” 

Anthony Marimon, who will be an equity holder in FlexPrint, LLC, as well as the entire Marimon Business Systems executive team will remain in their current leadership roles in order to “preserve Marimon’s 40-year history of serving their customers.”

This investment marks another milestone for Flex Technology Group, says Oval Partners, “one which will ignite a series of future acquisitions of superior office technology dealers across the country this year.” 

Oval Partners concludes by stating that “the acquisition of Marimon dramatically shapes the trajectory of the Flex Technology Group’s growth, and will provide additional experience, enthusiasm, and support to the Flex Technology Group family of companies.”

 

Categories : City News

Tags : Acquisition Growth Marimon Business Systems Oval Partners USA

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