M&A Deal Summary

Oval Partners Acquires The Tech Group

On September 3, 2020, family office Oval Partners acquired information technology company The Tech Group

Acquisition Highlights
  • This is Oval Partners’ 2nd transaction in the Information Technology sector.
  • This is Oval Partners’ 2nd transaction in the United States.
  • This is Oval Partners’ 1st transaction in Vermont.

M&A Deal Summary

Date 2020-09-03
Target The Tech Group
Sector Information Technology
Buyer(s) Oval Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Group (Financial)

Target

The Tech Group

South Burlington, Vermont, United States
The Tech Group is a managed service provider specializing in network security. The Company’s managed services include monitoring a client’s network, providing network inventory documentation, as well as providing remote and/or on-site technical support. The Tech Group is based in South Burlington, Vermont.

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Buyer(S) 1

DESCRIPTION

Oval Partners is a family-backed growth capital firm focused on control and select minority investments in the software, information services, and industrial technology sectors across North America. The Firm targets lower middle-market, profitable companies (sub $10 million of EBITDA) and will consider a variety of transaction situations including shareholder liquidity needs, expansion needs, ownership transitions, and add-on acquisitions. Oval Partners was formed in 2015 and is headquartered in Palo Alto, California.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Vermont M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-17 Flex Technology Group

Mesa, Arizona, United States

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. Flex Technology Group was founded in 2005 and is based in Mesa, Arizona.

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