LaserMasters, a Phoenix, Arizona-based manufacturer, distributor and recycler of premium replacement toner cartridges, related imaging supplies, and remanufactured printers, received a growth investment of undisclosed amount.
Turnspire Capital Partners, through a newly formed affiliate, made the investment in partnership with Chief Executive Officer Gary Willert and the Willert family.
LMI Solutions is a Managed Print Services Infrastructure provider to the market, as well as a Responsible Recycling Certified manufacturer, distributor and recycler of premium replacement toner cartridges, related imaging supplies, and remanufactured printers. The company distributes more than 5,000 SKUs, including OEM products to equipment dealers across the United States and Canada.
LMI Solutions also operates a remanufacturing facility in Guanajuato, Mexico, as well as seven distribution centers throughout North America.
Concurrent with Turnspire’s investment, Sebastian Bretschneider – an accomplished executive with a deep industry network and significant relevant experience, most recently as CEO of Katun Corporation – has joined LMI’s Board of Managers.
The company will continue to be led by Mr. Willert, who is retaining a significant ownership stake.