Loffler Companies Acquires Laser Technologies, Inc. of St. Paul, MN
Acquisition strengthens Loffler’s Managed Print Services division to position Loffler as one of the top independent Managed Print dealers in the country.
Loffler Companies is pleased to announce they 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.
Loffler’s broad offerings of products and services, specialized trainers, flexible billing and financing options at all price levels and award-winning service and support are all benefits new clients will enjoy. As one of the top Canon and Konica Minolta dealers in the country in sales, Loffler Companies also provides products from Toshiba, HP, and Lexmark as well as IP Phone Systems, Managed Print Services, IT Solutions, Software and Workflow Technology and On-Site management of copy centers and mailrooms.
Loffler recently earned recognition for the fourth consecutive year by being named to Minnesota Business magazine’s list of “100 Best Workplaces in Minnesota,” as well as being a Star Tribune “Top Workplace,” for four consecutive years. In addition, Loffler Companies has earned the Inc. 500 award for one of the Fastest Growing Private Companies in America for six consecutive years. Loffler is a proud partner with St. Joseph’s Home for Children, the Susan G. Komen Race for the Cure, and many other worthy causes that help the communities in which the Loffler team lives and works. Clients appreciate working with a company whose employees enjoy their jobs and helping clients succeed, as well as a company that gives back to the community.