M&A Deal Summary

Pivot Technology Solutions Acquires ProSys

On January 28, 2011, Pivot Technology Solutions acquired information technology company ProSys from Avnet

Acquisition Highlights
  • This is Pivot Technology Solutions’ 1st transaction in the Information Technology sector.
  • This is Pivot Technology Solutions’ 1st transaction in the United States.
  • This is Pivot Technology Solutions’ 1st transaction in Georgia.

M&A Deal Summary
Date 2011-01-28
Target ProSys
Sector Information Technology
Buyer(s) Pivot Technology Solutions
Sellers(s) Avnet
Deal Type Divestiture

Target

ProSys

Norcross, Georgia, United States
ProSys is a value-added reseller and a provider of IT infrastructure solutions to a broad range of markets. ProSys deploys customized, leading-edge solutions from premier technology vendors that help enterprise, public sector and educational customers address their most complex IT infrastructure needs.

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Buyer(S) 1

Buyer

Pivot Technology Solutions

Markham, Ontario, Canada

website

Category Company
Founded 2010
Sector Information Technology
Revenue 1.6B USD (2019)
DESCRIPTION

Pivot Technology Solutions is a provider of technology solutions and services. Pivot delivers solutions that enable organizations to design, build, implement and maintain computing and communication infrastructure that addresses their unique business needs. Pivot Technology Solutions was founded in 2010 and is based in Markham, Ontario.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 TeraMach Technologies

Ottawa, Ontario, Canada

TeraMach Technologies, Inc. is a provider of information technology products and services. TeraMach Technologies, Inc. was established in 1996 and is headquartered in Ottawa, Ontario.

Buy -

Seller(S) 1

SELLER

Avnet

Phoenix, Arizona, United States

website

Category Company
Founded 1921
Sector Distribution
Employees15,300
Revenue 24.3B USD (2022)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was incorporated in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 7
Sector (Information Technology) 1 of 4
Type (Divestiture) 2 of 7
State (Georgia) 1 of 2
Country (United States) 2 of 5
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 itX Group

North Ryde, Australia

itX Group Limited (itX), a leading Australian value-added distributor of IT software, hardware and services.

Buy AU$78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 J.C. Tally Trading

Taipei, Taiwan

J.C. Tally Trading Co., Ltd. distributes electromechanical components.

Buy -
Mergr

Product

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