– USA, MI – Flip Electronics, LLC today announced the appointment of Gerry Fay, an electronic component distribution industry expert and current CEO of Protempo Group, to its board of directors. He will assist the Company in achieving its aggressive growth plans.
“As Flip continues to rapidly scale, we recognize the importance of surrounding ourselves with experienced distribution executives. As a board member, Gerry will leverage his vast industry experience and knowledge to provide guidance as we continue to grow. We are extremely pleased to have him as a member of the team, and I want to welcome him to our board of directors.” said CEO, Jason Murphy.
Joe Vallee, VP at O2 Investment Partners, added, “Gerry’s deep experience and background in the electronic component distribution industry will be instrumental to Flip as the business continues its aggressive growth strategy. His perspective will be invaluable as we shape Flip’s future. We look forward to building something special together.”
About Gerry Fay
Gerry Fay is the current CEO of Protempo Group, a full-service provider of global distribution services for consumer electronics manufacturers. Before joining Protempo, Gerry was Chief Business Officer of Sanmina, a leading integrated manufacturing solutions provider serving the fast-growing segments of the global Electronics Manufacturing Services market. Before that, Gerry spent 12 years at Avnet in several high-level roles, including President of Avnet Global Components Business, Chief Global Logistics and Operations Officer, and SVP of Global Supply Chain and Strategic Accounts. Before Gerry’s career at Avnet, he held high-level positions at Memec and Wyle Electronics.
Gerry Fay commented, “I am thrilled to be working with Flip and O2, and I look forward to helping the Company as it moves into its next phase of growth. The Flip leadership team, led by Jason Murphy, coupled with its unique value proposition, positions the Company extremely well to continue its growth in the attractive end of life electronic component distribution space.”
About O2 Investment Partners
O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire majority interests in lower middle-market B2B services, technology, and select niche industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests to partner with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value but a close partnership and alignment of interest with management.
For more information: https://o2investment.com/
About Flip Electronics, LLC
Flip Electronics is an authorized specialty distributor of electronic components to customers across the U.S. and internationally, focused on EOL, obsolete, and hard-to-find parts through its authorized relationships with its original component manufacturer partners. Flip is headquartered in Roswell, GA.
For more information: https://www.flipelectronics.com/
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