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

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"The equity firms have a different way of looking at the channel. They will break the existing business models and create new ones."

Marty Wolf Interviewed on SYNNEX/Tech Data Merger Implications

martinwolf Managing Partner Marty Wolf was interviewed in SearchITChannel regarding the implications of SYNNEX’s (NYSE: SNX) $7.2 billion merger with Tech Data. Wolf explained that private equity will continue to play a major role in the IT distribution space with this merger coming on the heels of Platinum Equity’s acquisition of Ingram Micro.

 

“The equity firms have a different way of looking at the channel. They will break the existing business models and create new ones,” said Wolf, an IT M&A expert with involvement in more than 180 transactions.

 

The martinwolf Managing Partner points out the merger brings together two different business models, but SYNNEX has shown the ability to adapt since its beginnings.

 

“SYNNEX has been the most innovative of all distributors,” commented Wolf. “They were late into the market, caught up, created an innovative outsourcing model, and have a good track record of anticipating market needs and growing their business.”

 

Read Paul Korzeniowski’s full piece here. If you have questions about what this means for your business, contact Colin Riley (criley@martinwolf.com).

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24 Jan 2022

Tailwind Capital Sells AST Corp. to Recognize Partners

Financial Information ($USD) Not Disclosed  Transaction Details Tailwind Capital today announced it has completed its sale of AST Corporation to Recognize Partners, a technology services focused investment platform. Financial information was not disclosed. AST, a leading cloud and digital transformation solutions provider, simultaneously announced the deal, categorizing it as a strategic investment by Recognize to enable AST to accelerate investment in innovation,...

03 Jan 2022

Office Depot Sells CompuCom Systems

 Financial Information ($USD) Transaction Value: ~ $305 million Enterprise Value: $1.72 billion EV/LTM Revenue: 0.19x EV/LTM EBITDA: 3.85x  Transaction Details The ODP Corporation (NASDAQ: ODP) announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. The transaction consideration of up to $305 million consists...

29 Dec 2021

Happy Holidays – The 2021 martinwolf Annual Letter

Dear Clients, Partners, and Friends of martinwolf M&A Advisors,   I hope you all are having an enjoyable holiday season with family and friends.   It’s been my tradition in this annual end-of-year letter to spend time reflecting on the past year, and to look forward to what the next year holds for us. We have plenty...