Table of Contents
Introduction
Gamut Capital Management, a prominent New York-based middle market private equity firm, has announced its partnership with the Doyle family to acquire DEX Imaging. DEX Imaging is a leading provider of managed print services, and the acquisition will be made from Staples, Inc., a renowned commercial supply distributor. This move marks an exciting new chapter for DEX, which has established itself as a key player in the managed print services industry since its founding in 2002.
The Acquisition
Gamut Capital Management, in collaboration with the Doyle family, has signed a definitive agreement to acquire DEX Imaging from Staples, Inc. DEX has built a strong reputation for offering comprehensive managed print services to a diverse range of clients, from small businesses to large enterprises. The company is renowned for its extensive portfolio of products, industry-defining service, and customer-centric approach to streamlining document infrastructure.
Staples acquired DEX in 2019 and has since worked closely with the Doyle family to drive growth and position the company for further success. The Doyle family, which founded DEX, is thrilled to once again take an ownership stake in the business they established. They look forward to working alongside Gamut to strengthen relationships with suppliers, enhance service capabilities, and continue setting industry standards in customer satisfaction and technological innovation.
Building on a Strong Foundation
Gamut Capital Management is excited to partner with the Doyle family, a name synonymous with excellence in the industry for nearly five decades. Together, they plan to expand DEX’s national presence through strategic acquisitions and organic growth, leveraging the solid foundation laid by the Doyles. This partnership exemplifies Gamut’s commitment to investing in businesses with strong market potential and proven leadership, aiming to enhance long-term value creation.
Board of Directors
In connection with the acquisition, Sam Powell and Stan Parker, Founding Partners at Gamut, will join the DEX board of directors. Their expertise and support will contribute to guiding the company’s strategic direction and expansion efforts.
Financial Details
The financial terms of the transaction have not been disclosed. The acquisition is subject to customary closing conditions.
About Gamut Capital Management
Gamut Capital Management is a private investment firm based in New York with over $3 billion in assets under management. Founded in 2015, Gamut takes a flexible, opportunistic investment approach and focuses on middle market opportunities. The firm aims to partner with companies to facilitate strategic growth and value creation. Learn more at www.gamutcapital.com.
About DEX Imaging
DEX Imaging is a leading independent provider of office technology in the United States. Their full-spectrum solutions are utilized by thousands of small businesses and enterprise-level Fortune 1000 companies. With a nationwide network of support specialists, DEX selects the best and most reliable models from top imaging equipment manufacturers, subjecting them to in-house reliability testing. These models are then paired with the unique business requirements of their clients. DEX is characterized by its commitment to digital intelligence, in-house research and development, environmental consciousness, and local stewardship.
