Flex Technology Group and Oval Partners have announced a new partnership with Millennium Business Systems, an office technology provider based in Cincinnati, Ohio.
Millennium Business Systems (MBS) was founded in 2000 by David Bartlow in Cincinnati, Ohio. The company services the needs of the Greater Cincinnati, Northern Kentucky, Dayton Ohio, and Southeast Indiana business communities with copiers, printers, multifunctional technology Sharp, Lexmark, and HP, and document management hardware and software.
“The Flex Technology Group is excited to welcome Millennium Business Systems to our growing family. MBS strengthens our presence in the Midwest as we continue to execute on our national growth strategy,” stated Frank Gaspari, CEO of Flex Technology Group. “Over the last 19 years, David and his team have built a highly respected company with a great culture and loyal customers. This partnership further fuels our goals of adding quality companies to our platform while becoming the largest office technology provider in the nation.”
“This partnership with Flex Technology Group is exciting for our employees, our customers, and the communities that we serve,” added David Bartlow, president of Millennium Business Systems. “The FTG platform will continue to let us operate at a local level, allow us to further expand our reach, add additional value & solution offerings to our customers and enhance our employees’ work environment by becoming a part of a larger, national office technology company.”
Flex Technology Group has expanded rapidly since 2016. Their portfolio of office technology companies now includes 16 partner dealerships generating over $340 million in annual revenues and serves over 60,000 customers nationwide.
Millennium’s executive team will remain in their leadership roles to ensure the company’s continued success in serving its employees, customers, and community. Mr. Bartlow will be an equity holder in FlexPrint LLC.
Scott’s Spin
September has been an active month for acquisitions with a total of five so far. The private equity-backed UBEO Business Services has acquired five companies while independently owned Kelley Imaging Systems, has acquired seven companies this year. These are the second and third acquisitions by Oval Partners/FTG this year, following Office Equipment of Texarkana and South Arkansas in April and Shamrock Office Solutions in January.
It’s likely we’re going to see many more acquisitions before the year is out. And don’t be surprised to see even more acquisitions announced by Oval Partners and FTG.
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