Flotek completes acquisition of Office Equipment Systems

Flotek have acquired the remaining shares in North Wales business OES - Office Equipment Systems Ltd, after an initial investment in early 2024.

The deal will also see OES Managing Director, Wayne Jones, joining Flotek as the Group Sales Director, and as a shareholder within the Group.

Speaking on Wayne's appointment, Jay Ball, CEO of Flotek said: "We are delighted to have completed the transaction and to welcome Wayne to the team. I have always struggled to let go of Sales in all my companies and so this will be a new experience - however the investment in OES allowed me to get to know Wayne, coach him and develop him which led OES to grow recurring revenues by over 40% and drive customer service stats up in just over one year, and so I knew immediately he was the person to lead our strategy and allow me to focus on my role further."

GS Verde Group were pleased to advise Flotek on this strategic acquisition, and look forward to supporting the business in their continued buy and build growth strategy.