Five Things To Know About The Three-Way Deal Between Ahead, Data Blue, and Sovereign Systems

In a three-way deal, two of private equity firm Court Square Capital Partner’s solution provider companies will join forces and then acquire a third company—creating a $1.3 billion solution provider juggernaut with massive Dell and enterprise cloud capabilities.

The deal, unveiled Friday, merges Chicago-based Ahead, which is No. 75 on the 2019 CRN Solution Provider 500, with Atlanta-based Data Blue, No. 96 on the same list. Both of those companies are owned by Court Square Capital Partners, which is now acquiring Atlanta-based Sovereign Systems, which comes in at No. 185 on the 2019 CRN Solution Provider 500.

The deal is expected to close in 60 days. Financial terms of the deal were not disclosed.

Martin Wolf, president of martinwolf M&A Advisors, one of the top channel investment advisory firms, said the newly formed company will be a “formidable presence” in the channel landscape.

Read the full article here.

previous post Back to Articles next post

16 Jul 2021

Platinum Equity Acquires Ingram Micro

*Financial Information ($USD) Enterprise Value:         $7.2 Billion EV/FY20 Revenue:      0.15x Transaction Details Platinum Equity announced that it has completed the acquisition of Ingram Micro Inc. from HNA Group. Ingram Micro’s total enterprise value in the transaction was $7.2 billion, including $5.9 billion in equity value Ingram will retain CEO Alain Monié and...

13 May 2021

NWN Corp. Acquires Carousel Industries

Financial Information ($USD) Not Disclosed Transaction Details NWN Corporation, a leading Cloud Communications Service Provider (CCSP), announced yesterday that it will acquire fellow solutions provider Carousel Industries. Financial terms of the deal were not disclosed. New State Capital Partners, majority stakeholder of NWN since 2015, is backing the transaction which will form a combined company...

13 May 2021

Softchoice Files for IPO

Announcement Details Softchoice Corporation, a leading technology solutions provider in North America, announced yesterday that it has filed a preliminary prospectus for an initial public offering. Softchoice’s common shares will be traded on the Toronto Stock Exchange, although the number of shares and price have not yet been disclosed. Before Toronto-based Softchoice was taken private in...