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7 Things You Need To Know About Getronics's Acquisition Of Pomeroy

Getronics CEO Nana Baffour talks to CRN about the deal that created a $1.3 billion solution provider behemoth with 9,000 employees and coverage in more than 110 countries.

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In Order To Buy Pomeroy, Getronics Got $815M In Financing From Three Main Sources

"For a private company like ours to attract that much capital is really something we feel very proud about," said Baffour. "We are not a public company or private equity-backed, which is important because we are strategic in the long term. We're not coming in there thinking ’Lets spruce it up and sell it.'

"We're building a big business. That longevity, and that stability is very important. I think our clients and our employees need to get comfort that. I'm an entrepreneur. I'm a builder. The fact that we can still access capital like a private equity can, is a testament to the vision that we bring. So that $550 million is just a piece of the capital structure.

"I think what people should take comfort in is we have access to capital because people believe in the vision. And that's demonstrated by capital that we raised to do the initial Getronics deal and also to be able to do the acquisition of Pomeroy. So in the last 12 months we've raised a billion in capital, which for a company that's not private equity, I think, that says a lot about how strong we are, and how strong the balance sheet is, and how much access to investor capital we have. So we're very proud of that strength. We have some really strong financial partners backing the business, The Canadian Pension Plan Investment Board, Permia, White Oak, this is very exciting for us."

 
 
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