O2 Invests in Flip Electronics, LLC | Organization & Finance

BLOOMFIELD HILLS, Mich.–(Enterprise WIRE)–Jan 13, 2021–

O2 Financial investment Companions ( www.o2investment.com ) introduced nowadays that it has manufactured a significant investment decision in Flip Electronics ( www.flipelectronics.com ), partnering with CEO Jason Murphy and his administration workforce to guidance the company’s swift progress. Phrases of the expenditure have been not disclosed.

Jason Murphy, CEO of Flip, commented, “We have found substantial growth above the final various yrs by developing strategic, approved interactions with our authentic ingredient manufacturer partners. Our need analytics and special go-to-sector model permit us to match client needs to stop-of-everyday living (“EOL”) and slow-shifting stock, developing additional worth from pieces that generally do not get superior marketplace publicity in present product sales channels. Our exceptional accessibility to 100% factory approved traceable components can help our consumers steer clear of counterfeit chance and pricey merchandise redesigns. We are thrilled to companion with O2 to help us facilitate our subsequent stage of growth. We have created a one of a kind and sturdy system and would like to continue on our aggressive expansion, and we believe that O2 is the perfect partner to assist us attain our targets.”

Founded by Jason Murphy in 2015, Flip Electronics is an approved specialty distributor of electronic parts to consumers throughout the U.S. and internationally. Flip serves as a vital source chain associate to both of those digital part manufacturers and end buyers throughout a array of industries, which include military services, aerospace, telecommunications, health care, and industrial. The Business assists resolve elaborate problems prompted by component obsolescence through its core aim on EOL, obsolete, and hard-to-uncover elements. Flip is headquartered in Roswell, GA.

Joe Vallee, Vice President at O2, commented, “We really feel pretty fortunate for the possibility to lover with Jason and the Flip Electronics team. Flip’s price proposition to equally initial ingredient makers and clients has aided the enterprise build a strong situation in its market, and we believe that there is major opportunity for ongoing development. Our objective is to guidance management’s eyesight and support the team as they operate by strategic choices and expansion setting up.” Mr. Vallee included, “We also want to thank our money companions PNC Lender and Capital Southwest Corporation for their self-assurance and participation in this investment and Citizens M&A Advisory for operating an successful sale method.”

Flip Electronics, LLC is the 3rd system financial commitment for O2’s most modern fund, O2 Expense Partners Fund III.

Flip Electronics is an authorized specialty distributor of electronic elements to consumers across the U.S. and internationally, focused on EOL, obsolete, and difficult-to-come across components by way of its approved relationships with its authentic part manufacturer companions. Flip is headquartered in Roswell, GA.

About O2 Expenditure Companions:

O2 Financial commitment Partners is a Midwestern primarily based non-public equity company that seeks to acquire the greater part pursuits in decrease middle sector B2B products and services, technologies, and find market industrial providers. The organization invests in corporations with earnings advancement likely and a crystal clear path to the generation of shareholder benefit. O2 invests with a look at toward partnering with management to build and expand the organization and consider it to its upcoming phase of growth. This requires not only a distinct vision and strategic strategy to produce shareholder benefit, but a near partnership and alignment of desire with administration.

Joe Vallee, Vice President, O2 Expenditure Associates (jvallee@o2investment decision.com)


Field Search term: OTHER Manufacturing Engineering Transport OTHER Technologies Producing Hardware LOGISTICS/Source CHAIN Administration Provide CHAIN Administration RETAIL Customer ELECTRONICS

Source: O2 Expense Companions

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PUB: 01/13/2021 10:00 AM/DISC: 01/13/2021 10:00 AM

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