decor decor
"If you dream it you can do it."

-Walt Disney

Pomeroy Sold to Tolt Solutions

Financial Information
  • Not Disclosed

Transaction Facts

  • Platinum Equity announced today that it signed an agreement to sell IT solution provider Pomeroy to Tolt Solutions, another IT solution provider and a portfolio company of Clearlake Capital Group.
  • At Clearlake, Pomeroy joins several other IT providers including ConvergeOne and Calero.
  • Following the transaction, the entities will be combined into the “Pomeroy Group of Companies,” lead by the existing management teams. Tolt Solutions will operate as a standalone division and remain focused on the retail industry.
  • Financial information for the transaction, expected to close in Q4 2015, was not disclosed.
Facing Headwinds with Size Advantage
  • Better Together: The newly created “Pomeroy Group of Companies” will create a significant player in the IT solution provider space with more than 4,000 employees and close to $1 billion in annual revenue. 
  • An M&A Success Story: Since Platinum acquired Pomeroy in Nov. 2009 for $68 million, taking the company private, the company has completed two add-on acquisitions: Jan. 2010’s OAO Technologies and Nov. 2012’s BluePoint Data. Going forward, we expect the Pomeroy Group to continue to be acquisitive as organic growth in the solution provider space remains difficult to come by.
  • Following a Proven Model: With this exit, Platinum is repeating a proven success. It acquired Pomeroy competitor CompuCom Systems in 2004 for $254 million, and after dramatically transforming it from focusing on products to low-end services sold it to Court Square Capital Partners for $628 million. Today, CompuCom is owned by Thomas H. Lee Partners, who acquired it in 2013 for a reported sales price of approximately $1.1 billion.
For more information about this transaction, click here to read the press release.
martinwolf was not the advisor in this transaction.
previous post Back to Articles next post

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...

20 Dec 2021

Oracle To Acquire Cerner Corporation

Financial Information ($USD) Enterprise Value: $28.3 Billion EV/LTM Revenue: 8.12x EV/LTM EBITDA: 17.71x  Transaction Details Oracle (NYSE: ORCL) today announced an agreement to acquire Cerner Corporation (NASDAQ: CERN) through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to...