Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Discover 2019 News Cisco Partner Summit 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom IBM Newsroom Juniper NXTWORK 2019 News Lenovo Newsroom NetApp Insight 2019 News Nutanix Newsroom Cisco Live Newsroom HPE Zone Tech Provider Zone

5 Things To Know About The Three-Way Deal Between Ahead, Data Blue And Sovereign Systems

The deal, unveiled last week, is poised to create a $1.3 billion solution provider juggernaut that will become one of Dell’s largest data center partners.

1   2   3   ... 6 Next

The New Deal

In a three-way deal, two of private equity firm Court Square Capital Partner’s solution provider companies will join forces and then acquire a third company—creating a $1.3 billion solution provider juggernaut with massive Dell and enterprise cloud capabilities.

The deal, unveiled Friday, merges Chicago-based Ahead, which is No. 75 on the 2019 CRN Solution Provider 500, with Atlanta-based Data Blue, No. 96 on the same list. Both of those companies are owned by Court Square Capital Partners, which is now acquiring Atlanta-based Sovereign Systems, which comes in at No. 185 on the 2019 CRN Solution Provider 500.

The deal is expected to close in 60 days. Financial terms of the deal were not disclosed.

Martin Wolf, president of martinwolf M&A Advisors, one of the top channel investment advisory firms, said the newly formed company will be a “formidable presence” in the channel landscape.

 
 
1   2   3   ... 6 Next

sponsored resources