Frank Gaspari, FlexPrint
Oval Partners, a San Francisco-based, multifamily office private equity firm, ushered in 2019 with a pair of acquisitions.
The firm announced a new partnership with Century Business Services, a premier Konica Minolta dealer with extensive expertise in national managed print services based in Southern California. Oval also entered into a partnership with Shamrock Office Solutions, a premier Ricoh dealer that provides business technology solutions to thousands of businesses in northern California.
Since 1998, Century Business Services, which is headquartered in Costa Mesa, CA, with satellite offices in San Diego and Riverside counties, has been providing office technology services to multiple vertical marketplaces, such as legal, education, manufacturing and health care. The company specializes in analytics, from paper-based “day to day” costs to core business processes. Whether it’s a school, small-business owner, or large corporation, Century Business Services improves workflows and helps customers adapt to best practices for cost containment, IT services and document management.
“Century Business Services has an impressive business model that’s proven successful for the last 20 years. The company and its culture align perfectly with our growth initiatives,” said Frank Gaspari, CEO of FlexPrint LLC. “Along with Caltronics Business Systems, we will greatly expand our market share in the California marketplace. Bill Freeman and Steve Hecht have built a winning team at Century, which can be seen by the company’s growing national customer base.”
“We are extremely excited to join the Flex Technology Group and work closely with Caltronics Business Systems,” said Bill Freeman, CEO and president of Century Business Services. “As a united team, we will no doubt speed up our growth initiatives, gain market share, improve our customers’ experiences and open up exciting career paths for our hardworking employees.”
Century Business Services will roll under Caltronics Business Systems but will continue to operate independently while leveraging the resources of the combined group. Century’s executive team will remain in their leadership roles to ensure the company’s continued success in serving its employees, customers and community. Freeman will be an equity holder in FlexPrint LLC.
Shamrock has served the San Francisco Bay Area since 2000 with offices in Dublin, Monterey, and Silicon Valley helping businesses integrate office equipment with document management and information technology. Shamrock has a reputation for the highest quality service in the Bay Area while delivering a total business technology solution.
“Shamrock has established itself as a trusted and successful company in a very competitive marketplace. Brian and his entire team will add tremendous value to Flex Technology Group. We look forward to their continued growth and success as an important part of the Flex Technology Group,” Gaspari said.
“We’re extremely excited to partner with the Flex Technology Group,” said Brian Driscoll, founder, president and CEO of Shamrock Office Solutions. “We recognize that combining our resources with the Flex Technology Group will offer unique advantages and have the potential to unlock enormous opportunities.”
Shamrock Office Solutions will join Flex Technology Group to leverage the combined resources of the companies while maintaining independence in day to day operations. Shamrock’s executive team will remain in their leadership roles to ensure the company’s continued success in serving its employees, customers and community. Driscoll will also be an equity holder in FlexPrint LLC.
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About Oval Partners
Oval Partners is a multifamily office investment firm designed to provide liquidity, growth, capital and acquisition funding to founders of growing businesses across North America. Oval’s capital base is permanent—it is committed, unencumbered and unconstrained in terms of holding period. Oval offers the capabilities and capital of a private equity fund, but the mentality, partner orientation and investment time frame of a private holding company. Oval’s principals have completed more than 75 transactions involving platform investments, acquisitions, exits and re-financings. Oval focuses on making investments in the tech-enabled services, information services, internet, software/SAAS and industrial technology markets. FlexPrint embodies the essence of Oval’s targeted “buy and build” strategy in attractive, service-oriented, niche end markets. For additional information, contact Dan Ruhl.
About FlexPrint LLC
FlexPrint and its family of companies, referred to as the Flex Technology Group, provide customized office technology solutions for national and leading-edge regional companies. We focus on print, document management, document production and managed IT solutions, representing industry leading suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark and various software solutions. We proudly service almost 30,000 customers nationally.
About Century Business Services
Based in Costa Mesa, CA, with satellite offices in San Diego and Riverside counties, Century Business Services Inc. serves multiple vertical markets, such as legal, education, manufacturing and health care. The company specializes in analytics, from paper-based, day-to-day costs to core processes. Whether you’re a school, small business owner, or large corporate organization, we will not only improve your current workflow, but we’ll also help you adapt to the best practices for Cost Containment, IT Services, and Document Management. We bring extensive experience and professionalism to every audit and customize our support to your individual needs and concerns.
About Caltronics Business Systems
Since 1975, Caltronics has been providing California with leading-edge technology and award-winning service in the document management and software solutions industry. Caltronics is a family owned and operated company with offices throughout California and Arizona (Infincom) to serve you locally and nationwide. Today, Caltronics and Infincom offer the most advanced digital copiers, high-speed color printers and copiers, multifunctional devices, fax and scanning systems, and document management software available. In fact, Caltronics has sold and installed more digital systems than any other independent dealer in the United States.
About Shamrock Office Solutions
Serving the San Francisco Bay Area for 10-plus years, Shamrock is a locally owned and operated company dedicated to providing technology solutions to over 2,000 companies. Shamrock features the best digital office equipment and document management software, with the most prompt, professional, courteous service in our industry. They constantly strive to exceed customers’ expectations. Their wide range of products (full line of copiers, faxes, printers and scanners) and services allow Shamrock to be an asset to companies large and small. Their customer base ranges in size from small sole proprietorships to large Fortune 500 companies prominently listed on the NYSE, as well as colleges, universities and school districts.
