BTA member Flex Technology Group (FTG) has announced the acquisition of BTA member Advance Business Systems based in Baltimore, Maryland.

Since its founding in 1964, Advance Business Systems has become a leading provider of business solutions in Maryland, helping to improve workflows and increase efficiencies with managed IT services, hardware, production print, managed print services, document management and software enhancement. Today, Advance Business Systems serves customers throughout the greater Mid-Atlantic region and across the nation out of its corporate headquarters in Baltimore, Maryland.

“We’re excited to welcome Jeff Elkin and his team of more than 130 professionals to the FTG family," said Frank Gaspari, CEO, Flex Technology Group. “Advance is a world-class organization. Its core values and unwavering commitment to their customers, community and people align strongly with FTG, creating a solid foundation for a phenomenal partnership. With this acquisition, FTG’s revenue now exceeds $400 million. We have a strong pipeline of great dealers looking to join FTG. Our national sales platform continues to fuel our organic growth. The future is exciting at FTG and I look forward to the opportunities it will create for our 1,300-plus employees.”

“I’m thrilled to announce our partnership with Flex Technology Group and what that means for our entire team at Advance and our customers — new growth opportunities, additional employee programs and expanded resources to provide an even greater customer experience,” said Jeff Elkin, president, Advance Business Systems. “We’re incredibly proud of what we’ve built here and look forward to leveraging our collective resources to continue our growth and elevate our value propositions.”

“We are excited to continue our best-of-breed acquisition strategy,” said John Knoll, co-founder, Oval Partners. “Advance’s longstanding customer relationships and deep market presence in the greater Baltimore area creates an attractive opportunity for FTG to offer its market-leading managed print platform to both existing and new enterprises in that market. Combining the local presence of our copier dealer partners that have joined Flex with the nationwide coverage and capabilities of FTG is a powerful combination that has benefited all our customers. This is an exciting continuation of that strategy.”

Elkin, who will be an equity holder in Flex Technology Group, and his executive team will remain in their current leadership roles to ensure the continuation of the company’s proven success in serving their employees, customers and the greater Baltimore community.