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Minnesota company acquires Phillips Office Solutions

This content was syndicated from its original post 11/6/18 at Central Penn Business Journal.

St. Cloud-based Marco said Tuesday it has purchased Phillips Office Solutions, based in Lower Swatara Township, for an undisclosed sum. The deal closed on Monday.

"This is the next phase of our national expansion," Marco CEO Jeff Gau told the Business Journal on Tuesday.

Marco, founded in 1973 as a small typewriter company before expanding throughout the Upper Midwest, has 61 offices and expects to do more than $400 million in revenue this year. Phillips Office Solutions, Marco's largest acquisition to date, will do about $38 million this year.

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Topics: Acquisition