August 22, 2018
LMI Solutions has announced that Turnspire Capital Partners has made a strategic investment in LMI.
According to the company, this investment “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”, LMI explains.
The company goes on to say, “This new partnership will enable 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 operationalise 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 says it 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 both 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.
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