PCM Buys En Pointe For $15 Million Plus Earn-Outs
In early April, PCM closed its acquisition of $393 million solution provider and systems integrator En Pointe Technologies for $15 million. The deal also included certain earn-out considerations over the next three years, including 22.5 percent of the future adjusted gross profit of the business and 10 percent of certain service revenue.
En Pointe, one of Microsoft's largest licensing solution providers in the country, is PCM's largest acquisition to date. The company said the deal will help it broaden its reach in both the commercial and public sector segments of the company.
"After you cycle through all the benefits of the acquisition and the sales that it brings to the table, we are optimistic that both entities together can start growing at 10 percent-plus one year out," said PCM CEO Frank Khulisi during the company's earnings call April 29.
