LINCOLN – Marco Technologies, a Minnesota-based technology services provider, announced Tuesday that it has bought INNOVEX.
Since its founding in 1961, INNOVEX, which has 35 employees at its Lincoln base, has provided copiers, printers and business IT services in the Rhode Island and metro-Boston areas. INNOVEX’s employees will continue to serve clients from its Lincoln and Norwood, Mass., locations, according to the news release.
“Our growth over the past few decades has been due to the great employees we’ve had and our commitment to our clients. I’ve always led with the people in mind, and it was important to ensure the next company did the same. I couldn’t be happier with choosing Marco, a best-in-class company and culture,” said INNOVEX owner Peter Parisi. “This is an exciting step for our employees and clients to join the Marco team.”
It was not immediately clear how much the company was sold for.
According to a statement from Marco sent to Providence Business News on Thursday, Peter Parisi had originally planned to pass the company down to his son, Chris Parisi. But because Chris did not show the same passion for the business as he did his own company, Trailblaze Marketing, Peter opted to sell INNOVEX.
“[Peter] wanted to ensure it was in the hands of a reliable and family-orientated company that can ensure his clients and employees would be in good hands,” according to Chris Parisi, who now serves as Northeast press contact for Marco Technologies.
“There was no better partner than Marco Technologies, even though they are one of the largest technology providers in the country they are a people-centric organization,” he said.
Employees at INNOVEX’s office in Lincoln will not be relocated. The location will serve as Marco’s Northeast headquarters and there are plans to expand with the resources behind Marco, according to Parisi.
With the acquisition of INNOVEX, Marco will now have offices in 15 states. Marco also has more than 1,200 employees with 48 locations throughout the United States and serves approximately 21,500 customers nationwide, according to the news release.
In 2018 Marco expanded on the East Coast through acquisitions and now has locations in Delaware, Maryland, New Jersey and Pennsylvania.
“We look forward to continuing INNOVEX’s commitment to client satisfaction while expanding the services and technical expertise we can provide them,” said Trevor Akervik, Marco chief operating officer. “We’re excited to begin serving the states of Rhode Island and Massachusetts, while welcoming new clients to Marco.”
(SUBS paragraphs 5-8 with comment, details, from Marco; MINOR edits)
Katie Castellani is a PBN staff writer. You may contact her at Castellani@PBN.com.
