November 2018 – Mike Dudek and Rich Wisniewski of Zygoquest Group "seeking to unite" served as the advisor to Phillips Office Products. Inc. dba Phillips Office Solutions, and its owners Peter and David Phillips, on the sale of assets to Marco Technologies, LLC. Terms of the transaction are confidential.
About Phillips Office Solutions (www.buyphillips.com)
Phillips Office Solutions, founded in 1940 by Walter Phillips, was owned by Peter and David Phillips. Phillips, one of the most prestigious dealers in the United States, conducted business with 140 employees throughout Pennsylvania, Maryland, Virginia, West Virginia and Washington, D.C. from ten operating locations. Bill Shuey who was President of Phillips has been named Marco’s Eastern Regional President. Bill will continue to run the operation for Marco surrounded by an exceptional and productive management and employee team.
Phillips has a stellar reputation with its customers and has been active with charitable organizations throughout its community where Phillips has enjoyed tremendous success, growth and profitability by offering customers document management and office automation solutions; copiers/printers/MFP’s, production print & MPS (Managed Print Services); facilities management, content management, document storage, conversion services and shredding; and, Managed IT and Cloud services. Phillips was a full-line authorized Kyocera, Konica-Minolta and Sharp dealer - Kyocera’s 2nd largest dealer in the United States. Phillips also sold and serviced Hyland, Canon wide format, Duplo, Formax, Lexmark, Riso, KIP and HP products and IT solutions.
About Marco Technologies (www.marconet.com)
Marco Technologies, headquartered in St. Cloud, Minnesota and owned by Norwest Equity Partners, is one of the top five technology providers in the United States. Since 2010, Marco has grown from 320 employees to nearly 1,400 employees and serves more than 35,000 customers nationally from its 61 locations with core offices in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, Illinois, Nebraska, Missouri, Michigan, Pennsylvania and Maryland. Marco specializes in copiers/printers, business IT services, cloud services, managed services, telecom carrier services, phone systems, document management and audio/video systems.
Phillips Office Solutions represents a milestone in Marco’s history as it is nearly twice the size of any of Marco’s other 41 acquisitions. Phillips not only signifies Marco’s entry into the East Coast, but it also establishes a regional hub which positions Marco for ongoing growth and additional expansion in large populated Eastern markets.
About Zygoquest Group and Mike Dudek (www.zygoquest.com)
Mike Dudek, an attorney and CPA, is the owner of Zygoquest Group "seeking to unite" which provides customized merger & acquisition services to buyers & sellers of companies. Zygoquest is the #1 M&A authority in the office products industry. Mike Dudek & Rich Wisniewski are authors of over 500 consummated M&A transactions including many technology services acquisitions during their careers. Prior to founding Zygoquest, Mike Dudek was Vice-President of Acquisitions for IKON Office Solutions, a $5.5 billion NYSE company acquired by Ricoh Corporation. Mike Dudek has evaluated transactions ranging from the smallest transactions to the largest deals in the office products industry – from million-dollar deals to billion-dollar deals. The Zygoquest website contains deals you will recognize. See www.zygoquest.com.
About Law Office of Mike Dudek (www.mikedudeklaw.com)
Mike Dudek also owns the Law Office of Mike Dudek which provides owners and executives with customized and affordable legal services on mergers and acquisitions and other complex business transactions. See www.mikedudeklaw.com.