Norwest Mezzanine Partners Supports Norwest Equity Partners’ Acquisition of Marco
November 02, 2015
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has announced that it has invested subordinated debt and equity to support Norwest Equity Partners (NEP) in its acquisition of Marco, a leading provider of business technology solutions.
Founded in 1973 as “The Typewriter Shop” in St. Cloud, Minnesota, Marco still maintains its corporate headquarters there and operates additional offices throughout the Midwest region. The Company supplies a wide array of technology-focused products and services that support customers from planning and design through implementation and support, including copiers/printers, business IT services, managed services, hosted/cloud services, carrier services, phone systems, document management and audio/video systems. Positioned to be the key technology partner for its customers’ comprehensive network service needs, Marco focuses primarily on the small- to medium-sized business channel and operates three distinct business divisions: Copier/Printer, IT, and Carrier Services.
Carter Balfour, a NMP partner, stated “Under the leadership of CEO Jeff Gau, Marco has achieved significant and consistent revenue and employee headcount growth as well as completed several successful add-on acquisitions in recent years. Marco is well positioned for continued growth and success, and we’re excited to have the opportunity to support NEP in this transaction.”
The investment capital from NEP is a significant milestone for Marco and will be used to help the company fuel and achieve strategic growth initiatives, including penetrating new customer channels, enhancing its current market position, expanding geographically via acquisitions, and augmenting its technology capabilities.
Please visit www.marconet.com to learn more.