The founders of DEX Imaging have partnered with New York-based private equity firm Gamut Capital Management to buy back their business from Staples.

The managed print services provider was founded in 2002 by Dan Doyle Sr and Dan Doyle Jr, who established DEX Imaging as a key player in the industry, offering comprehensive solutions to small businesses and large enterprises.

Staples acquired DEX Imaging in 2019, and since then the company has grown organically and through mergers and acquisitions in partnership with the Doyle family. Now, the Doyles have signed a definitive agreement to buy the business back from Staples, with Gamut as their partner.

“Our family is pleased to take again an ownership stake in the business we founded, and we look forward to working alongside the Gamut team to strengthen our relationships with suppliers further and enhance our service capabilities,” said Dan Doyle Jr, CEO of DEX Imaging.

In connection with the deal, Sam Powell and Stan Parker, founding partner at Gamut, will join the DEX Imaging board to support the company’s strategic direction and expansion efforts.

The transaction’s financial terms were not disclosed, and the acquisition is subject to customary closing conditions.