M&A Deal Summary

Flex Technology Group Acquires Millennium Business Systems

On September 13, 2019, Flex Technology Group acquired technology hardware company Millennium Business Systems

Acquisition Highlights
  • This is Flex Technology Group’s 1st transaction in the Technology Hardware sector.
  • This is Flex Technology Group’s 4th transaction in the United States.
  • This is Flex Technology Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-09-13
Target Millennium Business Systems
Sector Technology Hardware
Buyer(s) Flex Technology Group
Deal Type Add-on Acquisition

Target

Millennium Business Systems

Cincinnati, Ohio, United States
Millennium Business Systems, Inc. is a premier office technology provider 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.

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Buyer(S) 1

Buyer

Flex Technology Group

Mesa, Arizona, United States
Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Flex Technology Group is a provider of customized office technology solutions for national and leading-edge regional companies. Flex Technology Group 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.

DEAL STATS #
Overall 4 of 5
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ohio) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Flo-Tech

Middletown, Connecticut, United States

Flo-Tech is an award winning national managed print services provider recognized for innovations in delivery of managed print solutions and the business value they provide to organizations across the country. From predictive service to fleet management to policy based security, mobile printing and document management, Flo-Tech is helping clients achieve efficiencies and performance improvements across their printing and imaging fleets and related business processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Laser Technologies Service

Concord, Massachusetts, United States

Laser Technologies Service, Inc. is a Xerox Authorized Dealer and HP Gold Imaging Partner with 16 years of experience managing large printer fleets for corporate clients in the greater Boston area. The company provides visibility, improves efficiency and reduces operating costs related to producing and managing documents. LTS was formed in 1999 and is based in Concord, Massachusetts.

Buy -
Mergr

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