A San Francisco-based private equity firm has acquired a Tempe office solutions company.
Oval Partners announced today its purchase of Tempe-based ProCopy Office Solutions, which provides copying, IT and other office services.
Financial terms of the deal were not disclosed.
Earlier in the year, Oval Partners joined forces with FlexPrint National Managed Print Solutions to accelerate the company’s national growth strategy by creating a model acquisition platform based on FlexPrint’s award winning business model for national managed print services. With this recent acquisition of ProCopy, this managed print platform now represents the largest market share in the Southwest.
“We are excited about ProCopy’s future growth opportunities with this investment from Oval Partners and FlexPrint,” said Mike McGuirk, president of ProCopy Office Solutions, in a statement. “ProCopy has differentiated themselves by providing exceptional customer-driven service, and our clients will continue to receive this experience based on operational excellence.”
Tim Stevenson, CEO and founder of ProCopy praised the acquisition.
“We all share the same vision of excellence and commitment to our customers and employees, and see this as a tremendous win for everyone," he said in a statement.
Stevenson, McGuirk and the entire ownership group at ProCopy will remain in their current leadership roles at ProCopy, and are equity partners in FlexPrint LLC.
ProCopy Office Solutions has been included on the Inc. 500 | 5000 ranking of the fastest-growing private companies in America for three consecutive years. In addition to its offices in Tempe, it operates in Tucson and Prescott. credit http://www.bizjournals.com/pho...res-tempe-based.html