Loffler Companies Acquires Laser Technologies
Loffler Companies have purchased Laser Technologies, Inc. of St Paul, MN, a 28-year-old Managed Print Services (MPS) company in St. Paul, MN. Along with the current annual double-digit organic growth of Loffler’s MPS division, this acquisition will expand and increase Loffler’s strong position in the Minnesota and Western Wisconsin marketplace. Loffler Companies welcomes Laser Technologies’ team of tenured professionals to their Bloomington headquarters to expand Loffler’s sales and service force, and bring a wider-range of office technology and services offerings to clients.
“We are looking forward to welcoming people from the Laser Technologies team as well as serving their clients in the best way possible and exceeding their expectations,” said Jim Loffler, President and CEO, Loffler Companies. “I am confident Loffler’s best and brightest employees, along with many from the Laser Technology team, will combine to build on our strong foundation and improve the excellent service we offer to our current and new clients.”
“We are pleased to have reached this agreement with Loffler Companies, a leader in the Managed Print Services (MPS) industry in the Midwest,” said Laser Technologies President and CEO Sean Carey. “This exciting consolidation is the result of a broad and thorough review of our strategic options. On behalf of the Laser Technologies team, I’d like to thank our employees for their hard work and dedication and our clients for their trust and partnership over our 28 years that enabled Laser Technologies to become a recognized leader in MPS. This is a great day for our clients and employees, as we move forward empowered to provide best-in-class MPS services from Loffler, and be part of one of the strongest MPS businesses in the country.”
Loffler provides Managed Print Services to help organizations in Minnesota and Western Wisconsin save costs, reduce their carbon footprint, and improve basic business processes. Managing a printer and copy fleet (printers, copiers, faxes, and multifunction devices) with an MPS provider, automating document workflow, and implementing document management services has a significant impact on cost savings and production efficiency. Loffler partners with HP and Lexmark for client solutions, and is an HP Gold Partner. This acquisition, combined with Loffler’s existing Managed Print Services business, positions Loffler as one of the most capable MPS organizations in the country.
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