Private equity, SI, Mergers and Acquisitions, MSP, Content

Private Equity Firm H.I.G. Capital Acquires IT Solutions Provider General Datatech

H.I.G. Capital has acquired IT solutions provider General Datatech (GDT). Financial terms were not disclosed.

This is technology M&A deal number 35 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021 and 2020 listed here.

Founded in 1996 and headquartered in Dallas, Texas, GDT is a multi-vendor IT solutions provider that works with blue chip enterprises and government agencies around the world. The company’s solutions include professional services, managed services and the design, architecture and resale of OEM hardware, software, and maintenance. GDT's core focus: Design, build, deliver and manage IT solutions.

Although financial details were not disclosed, this appears to be a meaty acquisition. GDT has 877 employees listed on LinkedIn.

H.I.G. Acquires General Datatech: “A New Chapter Of Growth”

JW Roberts, Founder and Chairman, GDT
JW Roberts, founder and chairman, GDT

JW Roberts, founder and chairman, GDT, commented:

“I am extremely excited to welcome H.I.G. as an investment partner for GDT. I believe that H.I.G. brings the necessary capital and insights required to shepherd GDT into a new chapter of growth.”

Tom Ducatelli, CEO, GDT, said:

“H.I.G. knows this industry incredibly well. With this partnership, we look forward to bringing more capabilities to our customers, while maintaining our reputation as a high-performance, growth-oriented IT solutions provider.”

Aaron Tolson and Kevin Van Culin, managing directors at H.I.G., commented:

“We have been impressed by GDT’s differentiated go-to-market strategy and high value-add professional and managed services, which we expect will continue to drive above-market growth for the Company.”

Barclays Capital acted as financial advisor and Kirkland & Ellis LLP served as legal advisor to H.I.G.

CDX Advisors acted as financial advisor and Sidley Austin LLP served as legal advisor to GDT.

About H.I.G.

H.I.G. is a global alternative investment firm with over $45 billion of equity capital under management. The firm has extensive experience in the technology solutions provider market. Previous H.I.G. investments include:

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion.