M&A Deal Summary

TD SYNNEX Acquires Convergys

On June 28, 2018, TD SYNNEX acquired business services company Convergys for 2.8B USD

Acquisition Highlights
  • This is TD SYNNEX’s 7th transaction in the Business Services sector.
  • This is TD SYNNEX’s 2nd largest (disclosed) transaction.
  • This is TD SYNNEX’s 10th transaction in the United States.
  • This is TD SYNNEX’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2018-06-28
Target Convergys
Sector Business Services
Buyer(s) TD SYNNEX
Deal Type Add-on Acquisition
Deal Value 2.8B USD
Advisor(s) Centerview Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Convergys

Cincinnati, Ohio, United States
website
Convergys Corp. is a provider of customer engagement CRM BPO services, delivers consistent, quality customer experiences in 58 languages around the globe. Convergys was founded in 1998 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

TD SYNNEX

Fremont, California, United States

website

Category Company
Founded 1980
Sector Business Services
Employees22,000
Revenue 24.7B USD (2020)
DESCRIPTION
Entrance to SYNNEX's corporate headquarters in Fremont, California.
Entrance to SYNNEX's corporate headquarters in Fremont, California.

TD SYNNEX is a business process services company, servicing resellers, retailers and original equipment manufacturer. TD SYNNEX provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. TD SYNNEX was formed in 1980 and is based in Fremont, California.

DEAL STATS #
Overall 14 of 15
Sector (Business Services) 7 of 7
Type (Add-on Acquisition) 7 of 7
State (Ohio) 2 of 2
Country (United States) 10 of 11
Year (2018) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 WestconGroup

Johannesburg, South Africa

WestconGroup, Inc. (Westcon-Comstor) is a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking and Data Center. The company is transforming the technology supply chain through its capabilities in Cloud, Services and Global Deployment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Tech Data

Clearwater, Florida, United States

Tech Data is a distributor of technology products, services, and solutions. Its advanced logistics capabilities and value-added services enable 125,000 resellers in more than 100 countries to support the technology needs of end-users. Tech Data was formed in 1974 and is based in Clearwater, Florida.

Buy $7.2B
Mergr

Product

Company

Legal