Getronics has acquired Pomeroy, one of the leading U.S. providers of “digital workplace transformation services.” Pomeroy’s portfolio of infrastructure managed services include workplace services, network services, data center services, and cloud services along with staffing services and the full range of procurement and logistics services.
The newly expanded company, with combined revenue of approximately $1.3 billion, will be a leading 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 over 110 countries through their ‘Global Workspace Alliance,’ Getronics will continue to build local customer relationships and provide local solutions, backed by the strength of a global service delivery organization.
With a rich history that extends over 130 years, Getronics is expanding its capabilities with Pomeroy’s resources and expertise in digital workplace transformation, infrastructure optimization, network, and data center services. With locations coast to coast in the United States serving campus and distributed IT environments in retail, healthcare, financial institutions, services and manufacturing, the acquisition of Pomeroy would enable Getronics to expand its global services capabilities focused on business transformation to the North American market.
“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,” said Nana Baffour, Chairman and Group CEO of Getronics. “This reflects the power of our dreams and the dedicated execution of our team and financial partners, and we are excited about the value and customer experience that the new combination will allow us to deliver. Our operations are now significantly strengthened globally, extending from Brazil to Singapore and from Spain to the U.S. and Canada, with over 2,800 active clients, served by approximately 9,000 employees. With this scale, we are poised to succeed in our ambition to be the preferred partner for our customers in enabling business transformation using the latest technology.”
The acquisition of Pomeroy was supported by an $815 million financing and recapitalization transaction. CPPIB Credit Investments Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board, Permira Debt Managers and White Oak Global Advisors, LLC led a $550 million first lien senior tranche of the financing.