Marco, a leading technology services provider in the United States, has announced the acquisition of East Coast dealership Phillips Office Solutions. Since starting 78 years ago, Phillips has become a leading provider of copier/printers and document management solutions. The company has 140 employees at 10 offices across Pennsylvania and Maryland.
“We’ve known Marco and its leadership for decades and have appreciated Marco’s culture and ability to enhance its offerings, provide career paths for employees and give back in big and small ways to the local communities it serves,” Peter Phillips, CEO and owner of Phillips Office Solutions. “We know Marco will be good stewards of our family legacy going forward and will serve our document management customers, team members and communities really well.”
From humble beginnings, both companies have earned a top spot in the industry for their ability to innovate, effectively serve customers and build a strong corporate culture. “The Phillips culture captured our attention,” Marco CEO Jeff Gau said. “We share so many of the same core values. We look forward to building upon what the Phillips family has created and bring more opportunities to the clients, employees and communities they serve on the East Coast.” Marco will be bringing its well-established IT expertise and solutions such as Managed IT Services, Hosted Voice and Microsoft Suite offerings to the market.
Marco has been investing in the local communities it serves since 1973 and regularly organizes community involvement events through its extensive Gold Standard culture program. In addition to financial support, the company encourages their employees to volunteer for the causes they care about on company time. “Marco has a long history of giving back to our communities,” Gau said. “We believe it is not enough to do well as a company. We also need to do good.”
The company will operate as Phillips for a short time. Bill Shuey, former Phillips president, is now Regional President of Copier & ECM Solutions and serves on Marco’s executive leadership team. With the addition of the Phillips’ team, Marco now has 1,360 employees serving over 35,000 customers from 61 locations nationally. “This is a significant day for both Marco and Phillips,” Gau said. “The Phillips family has entrusted us with their business and we’re excited for what’s next.”
Scott’s Upshot
We knew this was coming after our visit to Marco’s Technology Show the end of September even though we didn’t know who the company was acquiring. This represents one of Marco’s largest acquisitions and will expand its reach into Pennsylvania and Maryland, as well as Washington D.C. We expect this acquisition will have a significant impact on the company’s financial growth and establishing it as the largest or among the top three largest dealerships in the nation.
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