The acquisition of Pomeroy was supported by a $815 million financing and recapitalization transaction. CPPIB Credit Investments, a wholly owned subsidiary of Canada Pension Plan Investment Board, Permira Debt Managers and White Oak Global Advisors led a $550 million first lien senior tranche of the financing.
Getronics is expanding its capabilities with Pomeroy’s resources and leading expertise in digital workplace transformation, infrastructure optimization, network and data center services. Pomeroy has locations coast to coast in the U.S. serving campus and distributed IT environments in retail, healthcare, financial institutions, services and manufacturing. The acquisition of Pomeroy enables Getronics to expand its global services capabilities focused on business transformation to the North American market.
The combined company, with revenue of approximately $1.3 billion, will be a global player in the field of managed digital workspace, applications, industry specific software solutions, multi-cloud management and unified communications. With a presence in 23 countries and coverage in more than 110 countries through the global workspace alliance, Getronics will continue to build local customer relationships and provide local solutions.
“We are very pleased with the successful acquisition of Pomeroy. Our combined revenues now reach $1.3 billion, achieving our goal of becoming a billion-dollar company two years earlier than originally planned,” stated Nana Baffour, chairman and group CEO of Getronics.