Spotlight

An archive of past spotlight issues.

 

The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry. Here is an archive of past

Getronics Buys Pomeroy, Creating $1.3 Billion Behemoth

European systems integrator Getronics has acquired MSP heavyweight Pomeroy, No. 43 on the 2018 CRN Solution Provider 500, in a deal that creates a $1.3 billion solution provider behemoth with 9,000 employees and coverage in more than 110 countries.

Terms of the deal were not disclosed, but the acquisition was made possible by an $815 million financing and recapitalization.

The acquisition marks a return to the North American market for Getronics, which ten years ago sold its North American assets to CompuCom.

The deal provides a big payday for private equity firm Clearlake Capital, which has owned Pomeroy for the past five years.

“Clearlake deserves a lot of kudos, they created a lot of value with Pomeroy,” said Martin Wolf, president of martinwolf M&A Advisors of Walnut Creek, Calif., one of the top channel investment advisory deal-makers. “Clearlake has done very well for the shareholders by using debt properly. They did smart things and they have been handsomely rewarded.”

Read the full article here.

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17 Mar 2020

martinwolf COVID-19 Response

With all the news and concern surrounding COVID-19 and its resultant market impact, we at martinwolf wanted to reach out. First, and above all, to say that we hope...