Acquisition activity continues to heat up in the office dealer space. Flex Technology Group and Oval Partners announced new partnerships with Millennium Business Systems, a premier office technology provider based in Cincinnati, and Laser Technologies Service of Concord, Massachusetts. In another move, Complete Document Solutions (CDS) of Fairfield, NJ, obtained Way Copy of Dubois, Pennsylvania.
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, multi-functional technology, 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,” states 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.” said 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. Bartlow will be an equity holder in FlexPrint LLC.
Founded in 1999 by John Toomy and Claudel Jeannot, Laser Technologies has become a primary service provider for businesses based in the Greater Boston area. The company has earned recognition as an HP Gold Imaging and Printing Partner by establishing expertise in managing large corporate printer fleets. Today, Laser Technologies provides leading edge office technology like copiers, printers, and document management software.
“We are excited to welcome Laser Technologies to our growing family,” Gaspari said. “This new partnership coupled with Flo-Tech’s existing coverage will greatly fuel our expansion in the Northeast.”
“Our partnership with Flex Technology Group allows us to accelerate our growth initiatives and increase opportunities for our employees,” stated John Toomy, president of Laser Technologies. “Flex Technology Group has the experience and expertise to accelerate our business rapidly, and Flo-Tech offers us additional capacity to expand nationally.”
Laser Technologies will roll under Flo-Tech but will continue to operate independently while leveraging the resources of the combined group. Laser Technologies’ executive team will remain in their leadership roles to ensure the company’s continued success in serving its customers, employees and the greater Boston community.
Complete Document Solutions picked up an authorized Xerox Agency in Way Copy, which provides a full line of equipment and services across 10 counties in central and northwestern Pennsylvania.
“Way Copy is a great addition to the CDS family. Darren Carlson and his team at Way Copy has built a great organization that has a reputation for being involved in the community and taking care of both customers and employees. We wish Darren the best in his retirement from Way Copy and we are very excited that all other Way Copy employees will be joining the CDS family, of close to 200 employees, in our new venture” said John Hand CEO of Complete Document Solutions.
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About Oval Partners
Oval Partners is a
About Flex Technology Group
Flex Technology Group provides customized office technology solutions for national and leading-edge regional companies. The company focuses on print, document management, document production and managed IT solutions, representing industry-leading suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark, Sharp
About Millennium Business Systems
Millennium Business Systems is proud to partner with industry giants such as Sharp, Lexmark, Papercut, Square 9, HP and Dahle. Millennium Business Systems currently ranks as the 15th largest Sharp dealer out of 680 dealers in the United States, the 6th largest in the Central Region and #1 in the State of Ohio. They are a Premier Platinum Service Provider recognized for
About Laser Technologies Service Inc.
Since 1999, Laser Technologies Service Inc. has been making offices more productive and efficient in the Greater Boston community. They started as an office supply store and became a major office technology dealer based in Concord, Massachusetts. They are involved in Rotary International, the Chamber of Commerce, and are a regular sponsor of The Children’s Hospital. Their mission is to enable help businesses to accomplish their business goals by ensuring that their office processes accelerate their business, not slow it down. They realize that it can be challenging to ensure businesses have the office technology that is right for their business and the Laser Technologies team is committed to helping clients through that process.
About Complete Document Solutions
Since 1996, Complete Document Solutions (CDS) has been a leader in office technology, transforming businesses by providing a powerful array of office equipment, process automation, and technology that ensures CDS clients have all the resources necessary to improve efficiency, reduce costs, and achieve their goals. Over ten thousand customers trust and rely on CDS to handle their technology needs.
