Oval Partners has acquired Phoenix, Arizona-based Laser Options Inc, which specializes in managed print services. No financial terms were disclosed.
PHOENIX, Sept. 2, 2016 /PRNewswire/ — Oval Partners, a San Francisco based private equity firm, announced today the acquisition of Phoenix based Laser Options Inc. Laser Options is a business technology organization specializing in managed print services with a 23 year history of delivering exceptional customer service. They maintain a full line of copiers, printers, and document management solutions providing support and services to companies based in the Southwest marketplace.
Earlier this year, Oval Partners joined forces with FlexPrint to accelerate the managed print provider’s national growth strategy by creating a model acquisition platform. The acquisition of Laser Options Inc. is the first to build upon FlexPrint’s proven business model and national platform.
Laser Options President and CEO, Jeff Masters commented, “I am extremely excited to embark on a new phase of growth with FlexPrint and Oval Partners. We are fortunate to have forged an outstanding relationship and share the same commitment to our employees, our customers, as well as our vision for continued pursuit of excellence.” Mr. Masters will continue to lead Laser Options as President and CEO.
“Laser Options has a proven business model and great reputation as a company that delivers first class service with integrity,” states Frank Gaspari, CEO of FlexPrint LLC. “We are excited to have Jeff Masters and his team join us as we build upon the Nation’s largest and strongest privately held managed print services organization.”
About Oval Partners
Oval Partners is a multi-family office investment firm designed to provide liquidity, growth capital, and acquisition funding to founders of growing businesses across North America. Oval’s capital base is permanent – it is committed, unencumbered, and unconstrained in terms of holding period. Oval offers the capabilities and capital of a private equity fund, but the mentality, partner orientation, and investment time-frame of a private holding company. Oval’s principals have completed more than 75 transactions involving platform investments, acquisitions, exits, and re-financings. Oval focuses on making investments in the Business and Tech Enabled Services, Information Services, Internet, Software/SAAS and Industrial Technology markets. FlexPrint embodies the essence of Oval’s targeted buy and build strategy in attractive, service-oriented niche end markets. For additional information, please visit www.OvalPartners.com
FlexPrint was founded in 2005, and has become the nation’s leading privately owned enterprise for Managed Print and Technology Services. FlexPrint’s managed solutions and expertise streamlines business work-flow for corporate, regional, and remote locations under a single national service level agreement. This blend of consultative service and solutions encourages client growth through consistent work-flow with proactive customer service, a boost in employee efficiency, and driving costs out of business operations. For additional information, please visit www.FlexPrintInc.com
About Laser Options
Since our launch in 1993, Laser Options has evolved from a printer service and re-manufacturer of laser toner cartridges into a top-of-the-line, full-service business technology organization. Laser Options offers their trademark INFOtrack analysis: a full service office automation offering which includes the world’s most respected manufacturers of multi-function copier/printers, managed print services, managed IT services, business process automation solutions and fully integrated document management and e-mail archive systems. For additional information, please visit www.LaserOptions.com