Oval Partners Makes Strategic Investment in Laser Options Inc.
Friday, September 02, 2016
Acquisition Will Advance FlexPrint's Growth Strategy to Enhance Enterprise Managed Print Services
Phoenix, Arizona - 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.”