The deal will improve CDW’s ability to deliver customer-centric outcomes across the full technology solutions stack
CDW has agreed to acquire Texas-based Sirius Computer Solutions from an affiliate of private investment firm Clayton, Dubilier & Rice (CD&R) for $2.5bn in an all-cash deal.
Established in 1980, Sirius Computer Solutions offers secure, mission-critical technology-based solutions to nearly 3,900 large and mid-sized customers.
The IT solutions integrator recorded net sales of $2.04bn in 2020.
It is engaged in helping enterprises transform their business by managing their operations, and streamlining and securing their IT. The company has a workforce of more than 2,600 based at multiple offices across the US.
Sirius Computer Solutions president and CEO Joe Mertens said: “We have long admired CDW and welcome the opportunity to bring our complementary services and solutions capabilities to serve a broader market of customers as a combined company.
“Sirius and CDW share common values and a performance-driven, customer-focused culture. We look forward to the opportunity to combine Sirius’ considerable talents with CDW’s, and to being part of a larger, stronger organisation that will be even better positioned for growth in the evolving IT services and solutions landscape.”
On the other hand, CDW is a multi-brand supplier of information technology solutions for government, education, business, and healthcare customers in the US, Canada, and the UK.
Sirius Computer Solutions’ services capabilities and solutions in key growth areas such as hybrid infrastructure, digital and data innovation, security, and cloud and managed services, will improve the scope as well as the depth of CDW’s service and solutions.
The deal is expected to enhance CDW’s services and solution capabilities and further boost its ability to address the increasingly interconnected and complex technology challenges of customers.
CDW president and CEO Christine Leahy said: “As customers require increasingly complex and critical digital transformation initiatives, Sirius’ broad portfolio of world-class technology-based solutions and services-led approach will immediately add to our capabilities to meet this demand.
“Combining our businesses will accelerate progress on our three-part growth strategy by augmenting our portfolio and enhancing our ability to deliver customer-centric outcomes across the full technology solutions stack and lifecycle.”
The deal, which is subject to regulatory approvals and other customary closing conditions, is anticipated to close in December 2021.
In August this year, CDW had acquired Focal Point Data Risk, a US-based cybersecurity services provider.