Flotek Group has appointed Wayne Jones as the new Group Sales Director, following the acquisition of the remaining equity in Office Equipment Systems Limited (OES), which will rebrand as Flotek Group later this year.
As part of this transaction, Jones has invested in Flotek Group and has become a shareholder and joined the board.
Flotek Group initially invested in OES with a growth plan, aiming to integrate the business within the group.
This strategic alignment has resulted in the business exceeding its growth targets by closely adhering to the group's overarching vision and strategies.
Jay Ball, CEO of Flotek Group, commented: “Acquiring the remaining equity of OES means we can really expand into the north, and with Wayne becoming Group Sales Director, this allows me to step back from the sales team and focus on future acquisitions while he focuses solely on delivering our growth plans to achieve £20m revenue by the end of 2025.”
Since the initial investment, OES has increased its recurring revenue, mainly from managed IT support growth and introducing telecoms to its existing customers, while also growing larger accounts in the area.
Flotek plans to roll out managed print into its base of UK customers, further enhancing its service offerings.
Jones added: “We've adapted the Flotek model since the investment and seen huge growth levels and service improvements by investing in our team and technology stack, allowing is to work with customers who see real value in a partnership. I will be helping to launch managed print into the wider business to allow us to really support customers with all their technology needs.”