{"id":36151,"date":"2019-09-19T11:48:48","date_gmt":"2019-09-19T18:48:48","guid":{"rendered":"https:\/\/www.enxmag.com\/twii\/?p=36151"},"modified":"2019-09-19T13:22:17","modified_gmt":"2019-09-19T20:22:17","slug":"m-cds-obtains-way-copy","status":"publish","type":"post","link":"http:\/\/www.enxmag.com\/twii\/feature-articles\/2019\/09\/m-cds-obtains-way-copy\/","title":{"rendered":"M&A Roundup: Flex Technology Group Adds Millennium and Laser Technologies; CDS Obtains Way Copy"},"content":{"rendered":"\n
\"\"<\/figure><\/div>\n\n\n\n

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. <\/p>\n\n\n\n

Millennium Business Systems<\/strong> (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.<\/p>\n\n\n\n

\"\"
Frank Gaspari, Flex Technology Group<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cThe 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,\u201d states Frank Gaspari, CEO of Flex Technology Group. \u201cOver 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.\u201d<\/p>\n\n\n\n

\"\"
David Bartlow, Millennium Business Systems<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cThis partnership with Flex Technology Group is exciting for our employees, our customers, and the communities that we serve.\u201d said David Bartlow, president of Millennium Business Systems. \u201cThe 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\u2019 work environment by becoming a part of a larger, national office technology company.\u201d<\/p>\n\n\n\n

Flex Technology Group<\/strong> 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.<\/p>\n\n\n\n

Millennium\u2019s executive team will remain in their leadership roles to ensure the company\u2019s continued success in serving its employees, customers, and community. Bartlow will be an equity holder in FlexPrint LLC.<\/p>\n\n\n\n

Founded in 1999 by John Toomy and Claudel Jeannot, Laser Technologies<\/strong> 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.<\/p>\n\n\n\n

\u201cWe are excited to welcome Laser Technologies to our growing family,\u201d Gaspari said. \u201cThis new partnership coupled with Flo-Tech\u2019s existing coverage will greatly fuel our expansion in the Northeast.\u201d<\/p>\n\n\n\n

\u201cOur partnership with Flex Technology Group allows us to accelerate our growth initiatives and increase opportunities for our employees,\u201d stated John Toomy, president of Laser Technologies. \u201cFlex Technology Group has the experience and expertise to accelerate our business rapidly, and Flo-Tech offers us additional capacity to expand nationally.\u201d<\/p>\n\n\n\n

Laser Technologies will roll under Flo-Tech but will continue to operate independently while leveraging the resources of the combined group. Laser Technologies\u2019 executive team will remain in their leadership roles to ensure the company\u2019s continued success in serving its customers, employees and the greater Boston community.<\/p>\n\n\n\n

Complete Document Solutions<\/strong> picked up an authorized Xerox Agency in Way Copy<\/strong>, which provides a full line of equipment and services across 10 counties in central and northwestern Pennsylvania.<\/p>\n\n\n\n

\u201cWay 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\u201d said John Hand CEO of Complete Document Solutions.<\/p>\n\n\n\n

###<\/p>\n\n\n\n

About Oval Partners<\/strong>
Oval Partners<\/a> is a multifamily<\/g> office investment firm designed to provide liquidity, growth, capital and acquisition funding to founders of growing businesses across North America. Oval\u2019s capital base is permanent\u2014it 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\u2019s 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\u2019s targeted \u201cbuy and build\u201d strategy in attractive, service-oriented, niche end markets. <\/p>\n\n\n\n

About Flex Technology Group<\/strong>
Flex Technology Group<\/a> 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 and<\/g> various software solutions. FTG services over 60,000 customers nationally. <\/p>\n\n\n\n

About Millennium Business Systems<\/strong>
Millennium Business Systems<\/a> 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 execution<\/g> of best practices within the industry in the areas of service customer satisfaction, training, management and<\/g> technical expertise. Their core competency is maximizing the flow of data and documents. The solutions are managed locally and backed by the extensive resources of world-leading, market–<\/g>defining corporations. They specialize in delivering integrated document management systems and solutions, enabling customers to improve document workflow. <\/p>\n\n\n\n

About Laser Technologies Service Inc.<\/strong>
Since 1999, Laser Technologies Service Inc.<\/a> 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\u2019s 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. <\/p>\n\n\n\n

About Complete Document Solutions<\/strong>
Since 1996, Complete Document Solutions<\/a> (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. <\/p>\n","protected":false},"excerpt":{"rendered":"

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. \u201cThe 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,\u201d states Frank Gaspari, CEO of Flex Technology Group. \u201cOver 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.\u201d \u201cThis partnership with Flex Technology Group is exciting for our employees, our customers, and the communities that we serve.\u201d said David Bartlow, president of Millennium Business Systems. \u201cThe 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\u2019 work environment by becoming a part of a larger, national office technology company.\u201d 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\u2019s executive team will remain in their leadership roles to ensure the company\u2019s 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. \u201cWe are excited to welcome Laser Technologies to our growing family,\u201d Gaspari said. \u201cThis new partnership coupled with Flo-Tech\u2019s existing coverage will greatly fuel our expansion in the Northeast.\u201d \u201cOur partnership with Flex Technology Group allows us to accelerate our growth initiatives and increase opportunities for our employees,\u201d stated John Toomy, president of Laser Technologies. \u201cFlex Technology Group has the experience and expertise to accelerate our business rapidly, and Flo-Tech offers us additional capacity to expand nationally.\u201d Laser Technologies will roll under Flo-Tech but will continue to operate independently while leveraging the resources of the combined group. Laser Technologies\u2019 executive team will remain in their leadership roles to ensure the company\u2019s 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. \u201cWay 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\u201d said John Hand CEO of Complete Document Solutions. ### About Oval PartnersOval 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\u2019s capital base is permanent\u2014it 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\u2019s 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\u2019s targeted \u201cbuy and build\u201d strategy in attractive, service-oriented, niche end markets. About Flex Technology GroupFlex 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 and various software solutions. FTG services over 60,000 customers nationally. About Millennium Business SystemsMillennium 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 execution of best practices within the industry in the areas of service customer satisfaction, training, management and technical expertise. Their core competency is maximizing the flow of data and documents. The solutions are managed locally and backed by the extensive resources of world-leading, market–defining corporations. They specialize in delivering integrated document management systems and solutions, enabling customers to improve document workflow. 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\u2019s 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 […]<\/p>\n","protected":false},"author":66,"featured_media":36153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1650,82,87,1638],"tags":[3706,3487,3307,3705],"_links":{"self":[{"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/36151"}],"collection":[{"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/comments?post=36151"}],"version-history":[{"count":2,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/36151\/revisions"}],"predecessor-version":[{"id":36160,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/36151\/revisions\/36160"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media\/36153"}],"wp:attachment":[{"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=36151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=36151"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=36151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}