Flotek Group has invested in FlexiNet to continue its growth strategy, which includes five acquisitions since its launch in Spring last year and a further two in the pipeline for Q1 2023.
The deal adds IT and cybersecurity to FlexiNet’s existing range of telecoms services and opens it to new regional markets.
Jay Ball, Flotek Group CEO, said: “We launched Flotek with a goal of ensuring SMEs have the technology and systems that allow for scalability and growth. Our investment in FlexiNet signifies our commitment to this mission.”
The FlexiNet brand will continue as part of the wider group with its three founding directors, Anne-Marie Mackay, Craig Barker, and Ryan Mariner, remaining in post.
Mackay said: “With Flotek’s commercial power and turnkey solutions, this investment presents an injection of pace for our growth plans and opens up more doors for our customers.”