M&A Swap: THL Acquires CompuCom
CompuCom Systems announced last April that Thomas H. Lee Partners, a Boston-based private equity firm, will acquire the Dallas-based solution provider from Court Square Capital Partners, based in New York City. Financial terms of the agreement were officially undisclosed, but CNN and Fortune reported that the transaction was worth an estimated $1.1 billion, compared to the $504 million Court Square paid for the company back in 2007. Over the past several years, CompuCom has focused on the cloud transformation as a major part of its ongoing effort to differentiate itself. Mobility is another important area upon which the company seeks to capitalize.