A private equity firm in the U.S. announced its first acquisition of an MPS company. This action is the first step in its forming a strategic alliance.
Oval Partners partnered with MPS and technology service company, FlexPrint, to create a model acquisition platform earlier this year, according to PRNewsire. The partnership aims to boost the national growth strategy of the managed print provider. The acquisition of Laser Options Inc. will be the first step.
Laser Options is a Phoenix-based MPS company with a 23-year history. The company provides a full service, office automation offering including MFCs/MFPs and document management.
The President and CEO of Laser Options, Jeff Masters, will maintain his position. He stated: «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.»
Frank Gaspari, CEO of FlexPrint LLC, said, «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.»
