The investment firm acquired ProCopy Office Solutions to strengthen FlexPrint’s growth of national MPS.
MPS Connect reported that ProCopy, based in Arizona, is an “office technology leader”, has offices in Phoenix, Tucson and Prescott, and is one of the “fastest growing private companies in America”. Among its many accolades, the company has been “designated in the Ricoh Circle of Excellence and [as] a Canon Premier Partner”.
Oval acquired FlexPrint and then Laser Options earlier this year to “accelerate the company’s national growth strategy” for national MPS, and now with the acquisition of ProCopy as well they “represent the largest market share in the Southwest”. Oval Partners’ two Managing Directors and Co-Founders – Jake Mizrahi and John Knoll – are both profiled on the company’s website as having been Managing Director and employee of Golden Gate Capital, the investment firm that invested in Clover in 2010.
In turn, Dan Ruhl, another of the company’s partners, was previously President of Clover Technologies, at which the site notes “during Dan’s tenure […] the company grew more than 20 fold and acquired over 30 companies”.
Mike McGuirk, President of ProCopy Office Solutions, said: “We are excited about ProCopy’s future growth opportunities with this investment from Oval Partners and FlexPrint. 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, further commented: “We all share the same vision of excellence and commitment to our customers and employees, and see this as a tremendous win for everyone.”
Frank Gaspari, CEO of FlexPrint, added: “ProCopy has built a great reputation in the Arizona marketplace as a company that always puts their customers and employees first and they always deliver with unquestionable integrity and quality in all they do. We look forward to this new partnership with Mike, Tim and the entire ProCopy team, as we continue to build upon the nation’s largest and strongest privately held managed print services organisation.”