Private Equity Firm Acquires CompuCom
"CompuCom is well positioned for growth, particularly in the mobility, end user and cloud arenas. It is very exciting for us that THL shares and is investing in our strategy," said Tony Doye, CompuCom Divisional CEO, in a statement.
Doye had been named divisional CEO last November as part of a succession plan that led to Doye replacing Jim Dixon as CEO of CompuCom.
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CompuCom ranked No. 22 in the 2012 Solution Provider 500, up four spots from the previous year, after reporting 2011 revenue of $2.26 billion.
"We at CompuCom are delighted to announce this partnership with THL. This heralds a new era for us with continued focus on value added services to our customers. THL has a great track record in supporting focused growth, customer delight and associate satisfaction within outsourcing and managed IT services companies. Our mission is fully complemented by the resources that a partnership with THL provides," Dixon said in a statement.
CompuCom is now owned by Court Square Capital Partners. Financial terms were not disclosed. The deal is expected to close in the second quarter.
Over the past several years, CompuCom has transformed into a cloud computing leader. Dixon told CRN earlier this year that changing up the IT services portfolio is part and parcel of doing business in the fast-paced technology game.
"CompuCom has established itself as a clear leader in providing cost-effective IT service management and solutions and is well known for its exemplary customer service," said Seth Lawry, managing director at THL, in a statement. "We believe the Company is well-positioned to capture additional market share in its traditional areas of strength as it deepens its expansion into new services towers. We look forward to partnering with the talented CompuCom management team to further grow the business and to continue building value."
Executives from CompuCom could not be immediately reached for comment.
PUBLISHED APRIL 8, 2013