Europe's Getronics has acquired Pomeroy from private equity firm Clearlake Capital Group. The combined company will have $1.3 billion in annual revenues and 9,000 employees focused in such areas as digital workspaces, applications, vertical market solutions, multi-cloud management and unified communications, Getronics asserts. Financial terms were not disclosed.
Getronics is best-known as an information and communication technology (ICT) integrator. Pomeroy is an IT solutions provider with a growing MSP business.
Getronics CEO Nana Baffour in a prepared statement said:
"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."
Pomeroy CEO Brian Robinson shifts to global CFO of the newly combined company. In a prepared statement he said:
"This is an outstanding combination and an incredibly exciting event for our clients as well. Getronics' global service delivery capabilities and service offerings will be a compelling added value for North American clients. We look forward to introducing Getronics' Applications, Cloud and Unified Communications solutions to further enable our clients to transform their businesses utilizing the latest digital tools as part of the workspace of tomorrow."
Clearlake invested in Pomeroy in July 2013. Backed by that deal, Pomeroy expanded aggressively into managed services. Pomeroy's earnings grew six-fold during Clearlake's ownership, the private equity firm says -- though specific figures were not disclosed.