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Distribution Deal: Wesco Wins Bidding War For Anixter
by Joseph F. Kovar
With the acquisition, the combined company will have a market-leading 13 percent share of what is now a very fragmented electrical and data communications distribution market.
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Tech Data To Acquire India-Based Distributor, Looks To Expand Asia-Pacific Footprint
by Joseph F. Kovar
Even as it is in the process of being acquired by Apollo Global Management, Tech Data is showing that there's no letup in the day-to-day growth of its business by unveiling an agreement to acquire Inflow Technologies.
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Channel Mourns Loss Of Affable, Accountable Vology Leader Joe Serra
by Michael Novinson
Serra, a solution provider and distribution executive revered by colleagues and peers for his bright smile and ability to create a culture of accountability, passed away over the weekend.
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Behind The Scenes: A Timeline Of Apollo's Acquisition Of Tech Data
by Joseph F. Kovar
While Apollo Global Management beat Berkshire Hathaway's bid to acquire Tech Data, it was only one small part of an acquisition bid that started 20 months ago when Apollo talked to then-CEO Robert Dutkowsky about a possible investment in Tech Data.
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Is Ingram Micro Next On Warren Buffett’s Holiday Wish List? Not Likely, Analyst Says
by O’Ryan Johnson
‘He looks at Tech Data as a slow-growing proxy for the U.S. economy in technology. It’s not a high flyer. It’s not a growth engine. But it reflects the overall U.S. economy. It’s got scale. It’s got size,’ Martin Wolf, president of martinwolf M&A Advisors, one of the top channel investment advisory deal-makers, tells CRN.
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Apollo Raises Tech Data Bid After Warren Buffett's Berkshire Hathaway Makes Acquisition Offer
by Joseph F. Kovar
Berkshire Hathaway, sitting on over $128 billion in cash, made the bid for Tech Data in a matter of days in part by just changing terms of the original Apollo Global Management bid, but Apollo quickly upped its offer to purchase the distribution giant.
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GTDC 2025 Outlook: Distribution Value Is On Rise In Cloud Era
by Steven Burke
“The survey shows that once again distributors are responding to what is happening in the technology market with cloud computing and digital transformation and are providing increased levels of service and support to ensure their customers are successful in this new era,” said Global Technology Distribution Council (GTDC) CEO Frank Vitagliano.
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Distribution Hot As Private Equity Hunts For B2B Play
by O’Ryan Johnson
‘I think fresh blood and new ownership is going to be a good thing for Tech Data. There has always been something holding them back from realizing their true potential,’ says Rory Sanchez, CEO of TRUE Digital Security, a top cybersecurity specialist who has worked with Tech Data for several years.
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Tech Data CEO Rich Hume On The $5.4 Billion Deal That Will ‘Accelerate Our Future’
by O’Ryan Johnson
‘They have the ability to invest organically as well as acquisitively in Tech Data. So this is a scenario where we have the fortune of potentially being acquired by someone who has the opportunity to really accelerate our business moving forward,’ Tech Data CEO Rich Hume says of the deal to be acquired by Apollo Global Management.
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8 Big Things To Know About The $5.4B Apollo Global Management-Tech Data Deal
by O’Ryan Johnson
‘This deal is all about investments in the business and continuing to grow and do more,’ says a high level source. ‘Ultimately we believe the channel, within this complex ecosystem, will be an increasingly important part of the IT market.’
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All Eyes On Potential Fallout From Apollo Global’s $5.4B Tech Data Acquisition
by Steven Burke
‘You hear the argument that because they are going to have so much debt they will have to raise prices,’ says Martin Wolf, president of martinwolf M&A Advisors of Walnut Creek, Calif., one of the top channel investment advisory deal-makers. ‘I don’t believe that. I think they’ll eliminate things that partners don’t want to pay for and they’ll put that into price. I think is absolutely going to improve Tech Data’s pricing. This is a good deal for partners.’
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Apollo Global To Acquire Tech Data For $5.4 Billion, Take Private
by O’Ryan Johnson
Tech Data CEO Rich Hume is expected to remain in place as the company will be taken private.
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5 Companies That Came To Win This Week
by Rick Whiting
For the week ending Nov. 1, CRN takes a look at the companies that brought their 'A' game to the channel.
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Joe Quaglia On How Tech Data And DLT Solutions Will Conquer The Public Sector
by Michael Novinson
‘We think Tech Data is underpenetrated in a very large, multibillion-dollar market,’ says Quaglia, president of the Americas for Tech Data. ‘The federal public sector space is $43 billion. And we think there’s a huge opportunity for us to capture some market share.’
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