Oval Partners Invests in Marimon Business Systems
Oval Partners, a San Francisco based multi-family office private-equity firm, today announced a new partnership with Marimon Business Systems, an office-technology dealer located in Texas with offices in Houston, Dallas, and Fort Worth.
Established in 1978, Marimon has been a Canon and Lexmark dealer, and provides technology and business solutions to businesses throughout the state of Texas.
“Marimon’s next phase of growth has just been amplified by joining Oval Partners and Flex Technology Group,” said Anthony Marimon, CEO of Marimon Business Systems. “With the Flex Technology Group, we have additional resources to execute our strategy and further accelerate our growth. They have built an excellent partner model that will allow our company to create exciting opportunities for our employees, greatly expand our market share, and further enhance the services we provide to our customers.”
“Over the last 40 years, Marimon has established itself as an industry innovator focused on amazing customer service. Their client-first philosophy aligns perfectly with the Flex Technology Group’s culture,” said Frank Gaspari, CEO of Flex Technology Group. “This partnership provides us the opportunity to continue our growth trajectory with an outstanding company and expand into the great state of Texas.”
Anthony Marimon, who will be an equity holder in FlexPrint, LLC, as well as the entire Marimon Business Systems executive team will remain in their current leadership roles.
This investment is said to mark another important milestone for Flex Technology Group, one which will “ignite a series of future acquisitions of superior office technology dealers across the country this year.”
- December 2017: Oval Partners Acquires Second Dealer this Month
- December 2017: Private-Equity Firm Oval Partners Makes Strategic Investment in Caltronics Business Systems
- January 2017: HP Awards FlexPrint’s Managed Print Solution ‘Best in Class”