Tree Line Capital Partners provided a unitranche first lien credit facility and equity co-investment to support the acquisition of Caltronics and Flo-Tech by FlexPrint, a portfolio company of Oval Partners, a San Francisco-based multi-family office private equity firm. This represents the fifth financing completed for FlexPrint and Oval by Tree Line since December 2015. Opus Bank and City National Bank also provided financing for the transaction.
Mesa, AZ-based FlexPrint is a privately owned enterprise for managed print and technology services. Caltronics is an independent office technology dealer with 12 locations throughout Northern California and Arizona.
Flo-Tech has more than 25 years of experience in delivering enterprise solutions to customers nationally. These acquisitions complement the FlexPrint platform and provide substantial opportunities for growth in new markets and service offerings.
“We appreciate Tree Line’s continued support in growing the FlexPrint platform,” said Oval Partners’ managing director and Co-Founder Jake Mizrahi.
Frank Cupido, partner at Tree Line, said, “We’re excited to continue to expand our relationship with Oval and FlexPrint.”
Tree Line is a direct lender providing unitranche, first lien and other junior capital solutions for lower middle market borrowers with upwards of $2 million of EBITDA in North America.
