Oval Partners, a San Francisco-based, multi-family office private equity firm, has acquired CBE Office Solutions, an office technology provider based in Southern California.
“We’re excited to welcome CBE Office Solutions to the Flex Technology Group as we execute on our strategy of a national footprint and aggressive market share expansion,” states Frank Gaspari, CEO of Flex Technology Group. “Over the last 26 years, Tarek and his team have built an impressive company with amazing organic growth and a great corporate culture. CBE and their 175 employees will operate as a core company within FTG. This partnership further fuels our momentum towards becoming the largest office technology provider in the nation.”
“This partnership with Flex Technology Group is significant for us because it allows CBE to expand our services, accelerate our growth initiatives, and provides exciting career opportunities for our talented employees.” said Tarek Hafiz, president of CBE Office Solutions. “Being part of the FTG platform, we can now leverage the many resources of a national office technology company to aggressively grow our business and improve our clients experience with CBE.”
CBE’s executive team will remain in their leadership roles to ensure the company’s continued success in serving its employees, customers, and community. Mr. Hafiz will be an equity holder in FlexPrint LLC.
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