Office Equipment Acquisition: Marco Buys Accent Business Solutions
Marco, a St. Cloud, Minnesota technology service provider, has acquired Accent Business Solutions, a copier/printer company from Appleton, Wisconsin. Zygoquest Group advised Accent on the deal. Financial terms of the deal were not disclosed.
Marco will continue to serve Accent’s clients from the eight locations the company already has throughout Wisconsin, the company said.
Marco CEO Jeff Gau commented on the deal:
“We look forward to continuing Accent’s commitment to satisfying their clients and expanding the services and technical expertise we can provide them. We have been serving the state of Wisconsin for the past seven years and welcome our new clients to Marco.”
Marco has 1,430 employees and serves more than 35,000 clients from its 62 locations across the United States. Marco has acquired at least 24 companies in the last six years – many of them involving companies in the Wisconsin region.
In January, Marco purchased Light Chute, Wisconsin’s Enterprise Systems Group. In October 2016, the company purchased Green Bay’s Infinity Technology.
Accent Business Solutions: Company Background
Accent has been operating for more than 40 years, supplying total office services including hardware, managed print services, and document management services. The company counted Xerox among its partners.
Tom Roob, president and owner of Accent also commented on the deal:
“We are excited to sell our company to Marco. They are a high performing company in our community that is committed to excellence and outstanding customer service.”
Marco is familiar to the copier/printer business. The company began in 1973 as a small typewriter shop in St. Cloud. Originally founded by Gary Marsden and Dave Marquardt (whose last names inspired the “Mar” in Marco), the company has evolved into one of the top five technology providers in the nation, according to its website.
Office Equipment Dealers: Mergers and Acquisition
Over the years, Marco has also come to exemplify the trend of office equipment specialists delving into managed IT services and cloud services. Similar recent deals that ChannelE2E has tracked include:
- The merger of The Office Center and 360 Office Solutions
- QRX Technology Group acquired Kerr Norton
- Repro Products acquired 4ColorLaser, a Xerox Authorized Dealer
- Loffler Companies acquiring Copier Business Solutions
- Business Complete Solutions (BCS) acquiring StarPoint Advantage
Zygoquest: M&A Advisors
Mike Dudek and Rich Wisniewski of Zygoquest, who advised Accent on this most recent deal, have had a hand in a number of deals within the office equipment market.
The firm has consulted on at least six consummated acquisitions already in 2019, and dozens more in recent years. Most recently, Zygoquest was a key part of Rouse Consulting Group’s acquisition of DCS Computer Services.