Phoenix, AZ AUGUST 22, 2018 – LMI SOLUTIONS an award-winning Managed Print Services Infrastructure provider, announced today that Turnspire Capital Partners has made a strategic investment in LMI that further positions the Company for long-term success in the marketplace. Turnspire is an investment firm with substantial operational competencies and an extensive network of strategic resources.
This new partnership enables LMI to accelerate its expansion and investments in manufacturing high-quality products for its vast network of dealers in North America. In addition, the partnership further solidifies LMI’s position as the leading provider of MPS Infrastructure (tools, resources, software and solutions) enabling dealers to successfully sell and operationalize services-based selling models.
“We are very excited to partner with Turnspire, whose executive team shares our vision for customer service, product quality, and industry commitment,” said Gary Willert, CEO of LMI Solutions. “We believe it’s important for dealers to have a reliable, high-quality choice in the market and Turnspire’s investment reinforces LMI’s commitment to deliver solutions that support our customers’ growth and success in the Managed Print Services space. I am proud of what the LMI team has accomplished, and look forward to working together to achieve our business objectives.”
“We are impressed with the LMI leadership, which is driven to take the Company and its customers to the next level,” said Ilya Koffman, Managing Partner of Turnspire. “We are thrilled to be a part of bringing long-term stability to the Company and providing reliable, quality, and accessible products. Our objective is to exceed customer expectations by focusing our time and efforts on driving operational excellence at LMI.”
LMI also expects that this strategic partnership will enable it to participate in the consolidation of the market over the coming months and years. LMI and Turnspire believe that strategic investments and acquisitions can drive increased breadth and depth of products and services that enhance LMI’s dealers’ long-term success and growth in the printing and imaging industry.
About LMI Solutions
LMI Solutions is an award-winning, Managed Print Services Infrastructure provider to the market, as well as an R2 certified manufacturer, distributor and recycler of premium replacement toner cartridges, related imaging supplies, and remanufactured printers. LMI distributes more than 5,000 SKUs, including the most popular OEM products, and is a recognized global leader for empowering dealers with Managed Print Services & Support throughout North America. Recently, INTEC member voting selected LMI as the Winner of “The People’s Choice Award,” following the BTA’s “Best Remanufactured Cartridges,” and recognition from the MPSA and the coveted Readers’ Choice Award for the industries “Best MPS Program” and “MPS Infrastructure Provider.”
About Turnspire Capital Partners
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions.
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