Why Sirius Is A ‘Home Run’ For CDW
CDW’s $2.5 billion acquisition of fellow solution provider superstar Sirius Computer Solutions is a “home run” that will lead to CDW winning more market share across the U.S., according to CDW’s top executive.
“Today’s announcement is a home run across all four of our key criteria,” said Christine Leahy, president and CEO of CDW, during a conference call with financial analysts today.
“Sirius further balances our portfolio. It’s expected to be immediately accretive and strengthened our financial profile. And it’s expected to have strong cash flow to support our capital allocation priority,” she said. “And most importantly, it is going to help us serve our customers better than anyone and be that trusted advisor that has the breadth, the depth, the skill, and the expertise to deliver customer-centric outcomes and speed to return-on-investment.”
The $20 billion Vernon Hills, Ill.-based solution provider unveiled plans today to acquire San Antonio, Texas-based Sirius for $2.5 billion for a wide variety of growth and technical capabilities. The all-cash deal is expected to close in December.
From a potential “upsell” in client sales to adding $400 million in new services revenue, CDW’s President and CEO Leahy explains why buying Sirius Computer Solutions is a home run.