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Tech Data CEO Rich Hume On The $5.4 Billion Deal That Will ‘Accelerate Our Future’

‘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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There’s always a fear that private equity is in it for the short haul, or to make a short gain. Is that the case with Apollo?

When you look at Apollo, they’re absolutely interested in taking Tech Data where it is today and allowing it to continue to be leadership and an even a bigger powerhouse within the market. We, as a management team, find the way they run and manage their portfolio very attractive and we know that it's going to be a great opportunity for us moving forward. This is a deal that is very, very attractive for our shareholders. It's very attractive for partners and vendors because I truly believe it will allow us to accelerate our future. It's also very attractive for my Tech Data colleagues because this is a situation where we take our company as it is, and then advance it into the future.
Unlike a strategic acquisition where you're smashing together two companies and, for a period of time, there's some uncertainty—we aren't in that mode. We're in the mode of maintaining our company and accelerating our future.

 
 
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