B. Riley FBR, the investment banking subsidiary of B. Riley Financial, served as exclusive financial advisor to PCM in connection with its completed sale to Insight Enterprises.
The transaction was valued at approximately $581 million and represents Insight’s largest acquisition to date. B. Riley FBR’s deal team was led by Senior Managing Director Ryan J. Bernath, Director Chobun Hieblinger, and Associate Andre La Brec.
“We were pleased to represent PCM in its sale to Insight,” said Bernath, senior managing director, B. Riley FBR. “This transaction is a testament to our role as a leading advisor to public company management teams and boards of directors in evaluating opportunities to maximize shareholder value. The technology vertical is one where we continue to deploy significant resources as a firm, providing us with the critical domain expertise to advise on meaningful transactions such as the Insight and PCM combination.”
Insight is a Fortune 500-ranked global provider of digital innovation, cloud and data center transformation, connected workforce, and supply chain optimization solutions. Insight’s acquisition of PCM positions the combined companies for future growth and increased scale through an expanded global salesforce and a broader suite of technology solutions offerings.
“We were pleased to work with B. Riley FBR on the sale of PCM to Insight. The team demonstrated deep knowledge of our business and helped guide us through this significant transaction. The combination of Insight and PCM not only allows us to provide greater value to our clients, but also to our shareholders, and we look forward to the opportunities ahead for our employees, customers and partners,” said Frank Khulusi, Chairman and CEO, PCM.
