Employee-Owned Marco Office-Equipment Dealership Acquired by Norwest Equity Partners
Marco, Inc., an office-copier/MFP and services provider headquartered in St. Cloud, Minnesota, has been acquired by Norwest Equity Partners, an equity investment firm based in the Twin Cities.
Marco sells copiers/printers, business IT services, managed services, hosted/cloud services, carrier services, phone systems, document-management solutions, and audio/video systems.
Marco, which was founded in 1973, employs 920 people in 42 locations with offices in Minnesota, Illinois, Iowa, North Dakota, South Dakota, Nebraska, and Wisconsin. It serves over 25,000 clients throughout these regions and nationally. The company will remain as Marco, a privately held company, and all employees will retain their jobs.
Marco was owned for the last 28 years by an employee stock-ownership retirement plan (ESOP). The ESOP will now transition to a 401k retirement plan match for all employees. growth.
“We will continue to operate as we always have,” said Marco’s CEO Jeff Gau. “Our company name, office locations and leadership team will remain the same, and our corporate headquarters will remain in St. Cloud. We will continue our ongoing commitment of being a good corporate citizen within the communities we serve and create even more opportunities for our people to build great careers.”
In the past three years, Marco has acquired 15 companies and added 430 employees to its workforce. Next year, the company has plans to build a 30,000-square foot building adjacent to its St. Cloud corporate headquarters to support its continued growth.
Marco was recently recognized nationally as one of the top 50 Best Small & Medium Workplaces for 2015 byFortune magazine. To make the list, employers undergo a significant assessment, including a survey by Great Place to Work to all employees. This is the second consecutive year Marco has received this national award.