Following a relatively quiet summer, industry M&A activity is starting to heat up just in time for the fall season. In a trio of deals, Marco obtained Wisconsin Imaging Solutions and imageOne netted Quantum Technologies. Meanwhile, on the manufacturer side, Canon is adding Canadian-based chipmaker Redlen Technologies.
Marco tapped further into the Wisconsin market with its acquisition of Wisconsin Imaging Solutions, a copier and printer company in New Berlin. Wisconsin Imaging’s team will join Marco’s sales and service team to serve and support clients from Marco’s office in Brookfield, Wisconsin.
“As we evolve, we are proud to announce that Wisconsin Imaging Solutions is joining the Marco team,” said Tony Beck, who co-owns Wisconsin Imaging Solutions with Steve Plahuta. “This move will allow us to offer a wider variety of products and services along with the knowledge and experience that Marco brings, which allows us to expand our offerings and spur future growth.”
Marco, based in St. Cloud, Minnesota, has offices in 12 states. Marco established its presence in the Wisconsin area in 2011, through an acquisition, and has since grown to have locations in Brookfield, Eau Claire, La Crosse, Little Chute, Madison and Wausau. Marco has received numerous state and national awards, including being named one of Milwaukee’s Best and Brightest Companies to Work For in 2020 and 2021, recognizing Marco’s commitment to excellence in operations and employee enrichment.
“We are pleased to expand in our Wisconsin market, with the acquisition of Wisconsin Imaging Solutions,” said Marco CEO Doug Albregts. “We look forward to providing quality service to our new clients, offering additional resources and services, and further investing in this community.”
Marco is a leading integrated technology provider, helping organizations of all sizes make the most of their IT, voice, video, copy, print and managed services. With 51 locations throughout the United States, Marco has more than 1,200 employees and serves about 30,000 clients.
“We are always looking for good opportunities to grow in our current markets, and we have appreciated Wisconsin Imaging Solutions’ commitment to serving clients and the community,” Albregts said. “This acquisition enables us to continue to broaden our copier and print business in communities we know well while bringing our well-established expertise and solutions to new and existing clients.”
imageOne-Quantum Technologies
Mike Dudek and Rich Wisniewski of Zygoquest Group served as the advisor to Desktop Color Systems Inc., dba Quantum Technologies, and its owners David Gephardt and Mary Ann Gephardt, on the sale of assets to imageOne Corporation. The terms of the transaction are confidential.
Founded in 1993, Fenton, Missouri-based Quantum Technologies provided HP, Xerox, Lexmark and Brother office equipment to customers throughout the greater St. Louis market. Quantum Technologies is a
managed print provider renowned for its customer service, top-rated print technicians, and people-first culture.
The Quantum Technologies acquisition allows imageOne to quickly scale up through greater market access, new partnerships, increased customer channels, and additional software, hardware, and other document management solutions. It also offers expanded support and resources that will significantly benefit all current and future clients and partners.
“We’re thrilled to welcome the talented Quantum Technologies team into the imageOne family,” says imageOne President Josh Britton. “With a mutual dedication to delivering extraordinary service and genuine care to every customer relationship, our teams are perfectly aligned for exceptional growth and a bright, successful future together.”
All Quantum Technologies employees will be integrated into imageOne, which continues to be led by Britton, co-CEOs Rob Dube and Joel Pearlman, and the rest of the current leadership team.
Canon-Redlen Technologies
Canon Inc. has reached an agreement with Redlen Technologies Inc. of British Columbia to conclude a share transfer agreement, making Redlen a wholly owned subsidiary of Canon. Redlen possesses top-class technology for the development and manufacture of Cadmium Zinc Telluride (CZT) semiconductor detector modules that are used in diagnostic imaging systems, security inspection systems and other devices.
By using this technology in next-generation photon-counting CT systems (PCCT), it is expected to enable clearer imaging of specific substances in the body. This will allow early detection of very small lesions and subtle pathological changes, which has been difficult with conventional technologies. Furthermore, since PCCT systems can obtain images with less noise using weaker x-ray radiation than conventional CT, it is expected to reduce the physical burden on patients by significantly reducing exposure dose and improving diagnostic accuracy with higher-resolution imaging.
With the acquisition of Redlen, Canon will obtain advanced technology used in CZT semiconductor detector modules, which play an important role in the development of PCCT. This will enable Canon Medical Systems Corporation, a subsidiary of Canon, to accelerate the development of competitive PCCT systems to strengthen the medical systems business.
In addition, Canon will provide CZT semiconductor detector modules to medical equipment manufacturers around the world, thus helping strengthen Canon’s medical component business. In this way, Canon will continue to contribute to the advancement of global diagnostic imaging.
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About Marco
Headquartered in St. Cloud, Minnesota, Marco specializes in print and document management, business IT, audio visual and managed services. Marco technology experts break down complex solutions into simple terms to position businesses for success.
About imageOne Corporation
imageOne Corporation, headquartered in Oak Park Michigan, was founded in 1991. imageOne Corporation is owned and operated by Rob Dube and Joel Pearlman. imageOne Corporation is an HP-certified print partner and also works closely with major manufacturers including Xerox, Brother and Konica Minolta focusing on optimizing managed print services (MPS) for their customers.
About Zygoquest Group and Mike Dudek
Mike Dudek, an attorney and CPA, is the owner of Zygoquest Group “seeking to unite” which provides customized merger & acquisition services to buyers and sellers of companies. Zygoquest is the #1 M&A authority in the office products industry. Dudek and Rich Wisniewski are authors of over 500 consummated M&A transactions, including many technology services acquisitions during their careers. Prior to founding Zygoquest, Dudek was vice president of acquisitions for IKON Office Solutions, a $5.5 billion NYSE company acquired by Ricoh Corporation. Dudek has evaluated transactions ranging from the smallest transactions to the largest deals in the office products industry – from million-dollar deals to multi-billion-dollar deals. The Zygoquest website contains deals you will recognize.
About Law Office of Mike Dudek
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.
