{"id":54339,"date":"2023-03-23T12:51:17","date_gmt":"2023-03-23T19:51:17","guid":{"rendered":"http:\/\/www.enxmag.com\/twii\/?p=54339"},"modified":"2023-03-23T13:24:50","modified_gmt":"2023-03-23T20:24:50","slug":"flex-technology-group-expands-with-advance-business-systems-addition","status":"publish","type":"post","link":"https:\/\/www.enxmag.com\/twii\/feature-articles\/2023\/03\/flex-technology-group-expands-with-advance-business-systems-addition\/","title":{"rendered":"Flex Technology Group Expands with Advance Business Systems Addition"},"content":{"rendered":"\n
\"\"
Frank Gaspari, FTG<\/figcaption><\/figure><\/div>\n\n\n\n

Flex Technology Group (FTG) announced today the acquisition of Advance Business Systems, a premier office technology and solutions provider based in Baltimore.<\/p>\n\n\n\n

Since its founding in 1964, Advance Business Systems has become a leading provider of business solutions in Maryland helping to improve workflows and increase efficiencies with managed IT services, hardware, production print, managed print services, document management, and software enhancement. Today, Advance Business Systems serves customers throughout the greater Mid-Atlantic region and across the nation out of its corporate headquarters in Baltimore.<\/p>\n\n\n\n

\u201cWe\u2019re excited to welcome Jeff Elkin and his team of over 130 professionals to the FTG family. Advance is a world-class organization. Their core values and unwavering commitment to their customers, community, and people align strongly with FTG, creating a solid foundation for a phenomenal partnership,\u201d states Frank Gaspari, CEO of Flex Technology Group. \u201cWith this acquisition, FTG\u2019s revenue now exceeds $400 million. We have a strong pipeline of great dealers looking to join FTG. Our national sales platform continues to fuel our organic growth. The future is exciting at FTG, and I look forward to the opportunities it will create for our 1300+ employees.\u201d<\/p>\n\n\n\n

\"\"
Jeff Elkin, Advance Business Systems<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cI\u2019m thrilled to announce our partnership with Flex Technology Group and what that means for our entire team at Advance and our customers \u2013 new growth opportunities, additional employee programs, and expanded resources to provide an even greater customer experience,\u201d states Elkin, president of Advance Business Systems. \u201cWe\u2019re incredibly proud of what we\u2019ve built here and look forward to leveraging our collective resources to continue our growth and elevate our value propositions.\u201d<\/p>\n\n\n\n

\u201cWe are excited to continue our best-of-breed acquisition strategy,\u201d said John Knoll, co-founder of Oval Partners. \u201cAdvance\u2019s longstanding customer relationships and deep market presence in the greater Baltimore area creates an attractive opportunity for FTG to offer its market-leading managed print platform to both existing and new enterprises in that market. Combining the local presence of our copier dealer partners that have joined Flex with the nationwide coverage and capabilities of FTG is a powerful combination that has benefited all our customers. This is an exciting continuation of that strategy.\u201d<\/p>\n\n\n\n

Elkin, who will be an equity holder in Flex Technology Group, and his executive team will remain in their current leadership roles to ensure the continuation of the company\u2019s proven success in serving their employees, customers, and the greater Baltimore community.<\/p>\n\n\n\n

###<\/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 various software solutions. FTG services over 25,000 customers nationally. <\/p>\n\n\n\n

About Oval Partners<\/strong>
Oval Partners<\/a> is a multi-family 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 Advance Business Systems<\/strong>
Advance<\/a> is an iconic Baltimore-based business serving the Maryland community since 1964. They attribute their longevity to delivering exceptional service to customers as well as their commitment to the growth and development of their employees. Advance\u2019s mission: \u201cWe are a people company with an intense passion for improving our customers\u2019 businesses and enhancing our team members\u2019 lives,\u201d is the guiding principle behind their every action. Advance partners with Maryland businesses to\u202fidentify\u202fareas within their organizations that would\u202fbenefit\u202ffrom more effective technology and processes to help increase efficiencies while\u202fmaintaining\u202fthe security of their data and the safety of their employees. Advance\u202fprovides\u202fHardware,\u202fManaged IT,\u202fManaged Print,\u202fDocument Management,\u202fand\u202fSoftware Enhancement\u202fservices.<\/p>\n\n\n\n

From its\u202finception\u202fin 1964, Advance has made caring for and investing in its employees and their families a top priority. The culture is team-oriented and collaborative with standardized processes in place that create efficiencies that are\u202futilized\u202fat every level of the organization. Advance has been able to consistently thrive in the Baltimore marketplace by constantly adapting to and staying ahead of business and technology innovations. <\/p>\n","protected":false},"excerpt":{"rendered":"

Flex Technology Group (FTG) announced today the acquisition of Advance Business Systems, a premier office technology and solutions provider based in Baltimore. Since its founding in 1964, Advance Business Systems has become a leading provider of business solutions in Maryland helping to improve workflows and increase efficiencies with managed IT services, hardware, production print, managed print services, document management, and software enhancement. Today, Advance Business Systems serves customers throughout the greater Mid-Atlantic region and across the nation out of its corporate headquarters in Baltimore. \u201cWe\u2019re excited to welcome Jeff Elkin and his team of over 130 professionals to the FTG family. Advance is a world-class organization. Their core values and unwavering commitment to their customers, community, and people align strongly with FTG, creating a solid foundation for a phenomenal partnership,\u201d states Frank Gaspari, CEO of Flex Technology Group. \u201cWith this acquisition, FTG\u2019s revenue now exceeds $400 million. We have a strong pipeline of great dealers looking to join FTG. Our national sales platform continues to fuel our organic growth. The future is exciting at FTG, and I look forward to the opportunities it will create for our 1300+ employees.\u201d \u201cI\u2019m thrilled to announce our partnership with Flex Technology Group and what that means for our entire team at Advance and our customers \u2013 new growth opportunities, additional employee programs, and expanded resources to provide an even greater customer experience,\u201d states Elkin, president of Advance Business Systems. \u201cWe\u2019re incredibly proud of what we\u2019ve built here and look forward to leveraging our collective resources to continue our growth and elevate our value propositions.\u201d \u201cWe are excited to continue our best-of-breed acquisition strategy,\u201d said John Knoll, co-founder of Oval Partners. \u201cAdvance\u2019s longstanding customer relationships and deep market presence in the greater Baltimore area creates an attractive opportunity for FTG to offer its market-leading managed print platform to both existing and new enterprises in that market. Combining the local presence of our copier dealer partners that have joined Flex with the nationwide coverage and capabilities of FTG is a powerful combination that has benefited all our customers. This is an exciting continuation of that strategy.\u201d Elkin, who will be an equity holder in Flex Technology Group, and his executive team will remain in their current leadership roles to ensure the continuation of the company\u2019s proven success in serving their employees, customers, and the greater Baltimore community. ### 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 25,000 customers nationally. About Oval PartnersOval Partners is a multi-family 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 Advance Business SystemsAdvance is an iconic Baltimore-based business serving the Maryland community since 1964. They attribute their longevity to delivering exceptional service to customers as well as their commitment to the growth and development of their employees. Advance\u2019s mission: \u201cWe are a people company with an intense passion for improving our customers\u2019 businesses and enhancing our team members\u2019 lives,\u201d is the guiding principle behind their every action. Advance partners with Maryland businesses to\u202fidentify\u202fareas within their organizations that would\u202fbenefit\u202ffrom more effective technology and processes to help increase efficiencies while\u202fmaintaining\u202fthe security of their data and the safety of their employees. Advance\u202fprovides\u202fHardware,\u202fManaged IT,\u202fManaged Print,\u202fDocument Management,\u202fand\u202fSoftware Enhancement\u202fservices. From its\u202finception\u202fin 1964, Advance has made caring for and investing in its employees and their families a top priority. The culture is team-oriented and collaborative with standardized processes in place that create efficiencies that are\u202futilized\u202fat every level of the organization. Advance has been able to consistently thrive in the Baltimore marketplace by constantly adapting to and staying ahead of business and technology innovations.<\/p>\n","protected":false},"author":66,"featured_media":30625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1650,82,87,1638],"tags":[2677,3487],"_links":{"self":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/54339"}],"collection":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/comments?post=54339"}],"version-history":[{"count":2,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/54339\/revisions"}],"predecessor-version":[{"id":54346,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/54339\/revisions\/54346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media\/30625"}],"wp:attachment":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=54339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=54339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=54339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}