Managed services News
CompuCom CEO Kevin Shank: ‘I Have Unfinished Business Here’
Joseph F. Kovar
‘I have a lot of people that know me here, that remember the CompuCom that was focused on those enterprise-class customers and delivering world-class service and growing fast. And I firmly believe we can do that again,’ new CompuCom CEO Kevin Shank tells CRN.
CompuCom is now 100 percent owned by a private equity firm, Variant Equity Advisors. What does Variant bring to CompuCom besides helping it become independent of ODP?
I’ll answer it this way because I think it’s true of all private equity entities. I’ve worked for private companies, PE-owned companies, and with a public company called Pivot [Technology Solutions]. I’ve been part of three or four different private equity companies. What PE brings is speed of change. CompuCom needs to be quick to take advantage of changes in the marketplace. And what Variant brings is a lot of talent around the industry, and lots of energy around quickly changing the business in a positive way. PE companies like to invest in companies and change the enterprise value of those companies. And one of the reasons I’m here, I believe, is that they’ve seen my ability, and CompuCom’s, ability to do that in the past, to combine assets and make a better company. You’ve heard the old saying that one plus one equals three. I think we have a wonderful chance to do that with the right equity partner, and I think Variant is the right equity partner help CompuCom to do that.
You were part of CompuCom until Dec. 31, 2013, and so you left the company before it was acquired by ODP.
[In August of 2013,] we sold CompuCom to Thomas H. Lee Partners, a very sizable private equity company out of Boston. At that time, CompuCom had grown to the point that, if you look at the Gartner Magic Quadrant back in those days, we were the leader in the desktop workspace business, and so that was a time when I could part ways.