Flex Technologies Group Continues National Expansion With Advance Business enterprise Systems

FTG Tends to make Strategic Investment in Advance Business enterprise Systems to Expand Marketplace Share in the Northeast

BALTIMORE, March 17, 2023 (Newswire.com)
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Flex Technologies Group (FTG) announced these days the acquisition of Advance Business enterprise Systems, a premier workplace technologies and options provider primarily based in Baltimore, Maryland.

Considering the fact that its founding in 1964, Advance Business enterprise Systems has turn out to be a top provider of enterprise options in Maryland, assisting to increase workflows and enhance efficiencies with Managed IT Solutions, Hardware, Production Print, Managed Print Solutions, Document Management, and Application Enhancement. Right now, Advance Business enterprise Systems serves clients all through the higher Mid-Atlantic area and across the nation out of its corporate headquarters in Baltimore, MD.

“We’re excited to welcome Jeff Elkin and his group of more than 130 specialists to the FTG loved ones. Advance is a planet-class organization. Their core values and unwavering commitment to their clients, neighborhood, and folks align strongly with FTG, generating a strong foundation for a phenomenal partnership,” states Frank Gaspari, CEO of Flex Technologies Group. “With this acquisition, FTG’s income now exceeds $400 million. We have a powerful pipeline of fantastic dealers hunting to join FTG. Our national sales platform continues to fuel our organic development. The future is thrilling at FTG, and I appear forward to the possibilities it will produce for our 1300+ staff.” 

“I am thrilled to announce our partnership with Flex Technologies Group and what that implies for our whole group at Advance and our clients – new development possibilities, added employee applications, and expanded sources to offer an even higher consumer expertise,” states Jeff Elkin, President of Advance Business enterprise Systems. “We’re extremely proud of what we’ve constructed right here and appear forward to leveraging our collective sources to continue our development and elevate our worth propositions.”

“We are excited to continue our greatest-of-breed acquisition approach,” stated John Knoll, co-founder of Oval Partners and investment companion to Flex Technologies Group. “Advance’s longstanding consumer relationships and deep market place presence in the higher Baltimore region creates an eye-catching chance for FTG to give its market place-top managed print platform to each current and new enterprises in that market place. Combining the nearby presence of our copier dealer partners that have joined Flex with the nationwide coverage and capabilities of FTG is a strong mixture that has benefited all our clients. This is an thrilling continuation of that approach.”

Mr. Elkin, who will be an equity holder in Flex Technologies Group, and his executive group will stay in their present leadership roles to assure the continuation of the company’s established achievement in serving their staff, clients, and the higher Baltimore neighborhood.

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About Flex Technologies Group

Flex Technologies Group supplies customized workplace technologies options for national and top-edge regional firms. The firm focuses on print, document management, document production, and managed IT options, representing market-top suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark, Sharp, and different application options. FTG solutions more than 25,000 clients nationally. For added details, please visit www.flextg.com.

About Oval Partners

Oval Partners is a multi-loved ones workplace investment firm made to offer liquidity, development, capital and acquisition funding to founders of developing corporations across North America. Oval’s capital base is permanent—it is committed, unencumbered and unconstrained in terms of holding period. Oval gives the capabilities and capital of a private equity fund, but the mentality, companion orientation and investment time frame of a private holding firm. Oval’s principals have completed a lot more than 75 transactions involving platform investments, acquisitions, exits, and re-financings. Oval focuses on generating investments in the tech-enabled solutions, details solutions, world wide web, application/SAAS, and industrial technologies markets. FlexPrint embodies the essence of Oval’s targeted “get and construct” approach in eye-catching, service-oriented, niche finish markets. For added details, please visit www.OvalPartners.com or speak to Dan Ruhl at Dan@OvalPartners.com.

About Advance Business enterprise Systems

Advance is an iconic Baltimore-primarily based enterprise serving the Maryland neighborhood considering the fact that 1964. They attribute their longevity to delivering exceptional service to clients as effectively as their commitment to the development and improvement of their staff. Advance’s mission: “We are a folks firm with an intense passion for enhancing our customers’ corporations and enhancing our group members’ lives,” is the guiding principle behind their just about every action. Advance partners with Maryland corporations to recognize places inside their organizations that would advantage from a lot more efficient technologies and processes to assist enhance efficiencies even though preserving the safety of their information and the security of their staff. Advance supplies Hardware, Managed IT, Managed Print, Document Management, and Application Enhancement solutions.

From its inception in 1964, Advance has created caring for and investing in its staff and their households a major priority. The culture is group-oriented and collaborative, with standardized processes in spot that produce efficiencies that are utilized at just about every level of the organization. Advance has been in a position to regularly thrive in the Baltimore marketplace by regularly adapting to and staying ahead of enterprise and technologies innovations. Find out a lot more at www.advancestuff.com.

Supply: Flex Technologies Group

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