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Office Solutions history
Office Solutions company history timeline
1984: Alco Industries is formed and sold to its managers; Veale keeps a minority stake.
1986: Ray Mundt succeeds Veale as chairman and refocuses the company to two business groups: office products and paper distribution.
1987: IOS Capital, Inc., is formed in Macon, Georgia.
In 1992, Alco Standard entered into a joint venture with Europe's IMM Office Systems.
1993: John Stuart succeeds Mundt as CEO.
1995: The company's largest purchase occurs with the acquistion of the Southern Business Group PLC, a U.K.-based copier distribution and service company which is renamed A:Copy (UK) PLC.
By the end of September 1996, revenues had reached $4.1 billion.
During the second quarter of 1996, Alco completed two mergers: Legal Copies International, Inc. and JMM Enterprises.
In 1996, IKON began an acquisition strategy that was focused on supporting IKON's total office solutions strategy announced in early 1996.
Alco Standard officially changed its name to IKON Office Solutions, Inc., on January 23, 1997, reflecting the company's intention to focus solely on their office technology business.
The company's acquisitive period ended in the second quarter of 1998, and at that time, the Company was structured into three divisions--Business Services, Document Services, and Technology Services.
1998: James J. Forese becomes president and CEO of IKON.
The main goals of CEO Forese in 1999 were cutting costs, improving productivity, and strengthening discipline throughout the company.
The remaining business units of Document Services--Business Document Services, Legal Document Services, and Business Imaging Services--as well as Technology Services, which had received several awards in 1999 for industry leadership, were now included in the Other operating segment.
In 2000, Business Document Services and Legal Document Services were integrated into IKON North America along with the network integration capabilities of Technology Services to support the shift toward providing higher-end, networked digital equipment and related services.
These actions were taken as a result of IKON's plans to eliminate or downsize certain business lines in 2002 that did not present long-term potential or fit strategically with IKON's core offerings, namely equipment sales, outsourcing, equipment service and supplies, and leasing.
2002: James J. Forese retires as President and CEO, but remains as chairman; Matthew J. Espe succeeds Forese as President and CEO.
Ownership of much of the corporation was acquired by the younger generation and employees in 2007.
In 2007, Xerox purchased our parent company, Global Imaging as a wholly-owned subsidiary.
Michigan Office Solutions was formed in 2007 encompassing the WS Reed Company employees and CEC employees.
LOSCO moved into its current location at 7643 Florida Boulevard in 2008.
Since 2011, Innovative Office Solutions has been featuring company employees in several marketing initiatives used throughout the year.
Our 2011 cover featured Account Executive Sarah Johnson showing off a custom made Post-it Note dress.
The men featured in 2012 were Account Executive John Townsend, and Director of Educational Furniture Bob Nelson.
In 2013, our corporation shifted from LOSCO, dba Louisiana Office Supply Company to having LOSCO standing for Louisiana Office Solutions Company dba, Louisiana Office Supply Company, Louisiana Janitorial and Facility Supply Company and Louisiana Office Furniture Company.
The theme for 2014 was Innovative On Tour – showcasing a few of our many employees that take center stage and perform for our customers.
Thanks for taking a stroll down memory lane! Join us in 2021 to learn about our newest Innovative theme!
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Office Solutions competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tagkast | 2009 | $4.4M | 7 | - |
| OFFICE FURNITURE SERVICES | - | $2.1M | 26 | 26 |
| Hummel's Office Plus | 1934 | $1.0M | 30 | 1 |
| Import Export Trade | 1996 | $36.0M | 657 | - |
| SG Companies | 1896 | $13.0M | 300 | - |
| Cabrera Services | 1994 | $36.7M | 50 | 2 |
| Freedom | 2015 | $7.4M | 50 | 14 |
| Idezi | 2001 | $18.0M | 216 | - |
| CMG HOLDINGS | 1964 | $140,758 | 2 | 17 |
| Adtech Systems | 1988 | $7.6M | 50 | - |
Office Solutions history FAQs
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