$ sed -r 's/"([^"]*)"([^"]*"){2}[[:space:]]*/\1 /' file
Users SERVER1
Roaming Profiles SERVER2
How it works
The sed substitution command has the form s/old/new/. The regular expression for old has the following parts:
"([^"]*)" -- This matches the first string in quotes and saves it in group 1.
([^"]*"){2} -- This matches the second quoted string (including the spaces which precede it).
[[:space:]]* -- This matches the spaces which follow the second quoted string.
The regular expression for new is simply \1 which is a space followed by the first quoted string which, via the parenthesis, we had saved in group 1.
Mac OSX or other BSD platforms
On OSX, try:
sed -E 's/"([^"]*)"([^"]*"){2}[[:space:]]*/\1 /' file