Platinum Equity Completes Ingram Micro Acquisition
Under Platinum Equity’s private equity ownership, Ingram Micro is expected to maintain a focus on three established pillars. The background: In a November 2020 interview, Executive VP Paul Bay pointed to these three ongoing priorities for Ingram and its partners:
- Win together.
- Transform the IT customer experience across the entire lifecycle.
- Deliver more solutions and more deeply engage the company’s global partner communities.
Meanwhile, M&A activity in the distribution market remains strong. Among the other deals to note: Synnex and Tech Data are merging in a technology distribution deal valued at $7.2 billion, as announced in March 2021. Synnex shareholders approved the Tech Data deal in June 2021, and the business combination is expected to be finalized before 2022.