M&A Deal Summary

CDW Acquires Focal Point

On August 2, 2021, CDW acquired information technology company Focal Point from Halyard Capital and Norwest Equity Partners

Acquisition Highlights
  • This is CDW’s 4th transaction in the Information Technology sector.
  • This is CDW’s 3rd transaction in the United States.
  • This is CDW’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-08-02
Target Focal Point
Sector Information Technology
Buyer(s) CDW
Sellers(s) Halyard Capital
Norwest Equity Partners
Deal Type Add-on Acquisition

Target

Focal Point

Tampa, Florida, United States
Focal Point is a cybersecurity services firm working with key security technology providers to address customer priorities – including those in the most highly regulated and complex industries such as government, financial services, and healthcare. Focal Point was founded in 2005 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

CDW

Vernon Hills, Illinois, United States

Category Company
Founded 1984
Sector E-Commerce
Employees11,400
Revenue 21.4B USD (2023)
DESCRIPTION
CDW's corporate headquarters in Lincolnshire, Illinois.
CDW's corporate headquarters in Lincolnshire, Illinois.

CDW is a direct marketer of multi-branded information technology products and services to small and medium sized businesses, government, healthcare and education customers in the United States and Canada. CDW was incorporated in 1984 and is based in Vernon Hills, Illinois.


DEAL STATS #
Overall 5 of 6
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 5 of 6
State (Florida) 1 of 1
Country (United States) 3 of 4
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Amplified IT

Norfolk, Virginia, United States

Amplified IT an education-focused consultancy that brings a blend of technical skills and knowledge to the K12 and Higher Education markets. Amplified IT was founded in 2008 and is based in Norfolk, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Sirius

San Antonio, Texas, United States

Sirius is a privately held, leading national solutions integrator focused on helping organizations transform their business by managing their operations, optimizing their IT, and securing it all. Sirius was founded in 1980 and is based in San Antonio, Texas.

Buy $2.5B

Seller(S) 2

SELLER

Halyard Capital

New York, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halyard Capital is a private equity firm that focuses exclusively within the media, communications and business services industries. Halyard looks to commit between $10 and $40 million of equity per transaction in companies valued up to $250 million. Investments are typically made to help support leveraged buyouts, growth equity and other structured investments. Halyard will consider both control and non-control investment situations and prefers North American based opportunities. Halyard Capital was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 24 of 26
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 14 of 15
State (Florida) 3 of 3
Country (United States) 24 of 26
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Aberdeen Group

Boston, Massachusetts, United States

Aberdeen Group, Inc. is a provider of research and content marketing solutions that technology industry marketers leverage to provide thought leadership and to drive demand with their target customers. Aberdeen Group was founded in 1988 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 OneSource Virtual

Dallas, Texas, United States

OneSource Virtual is a provider of Workday Services, Solutions, and Products. OSV operates in North America and Europe to deliver outcomes that boost productivity, improve compliance, and increase internal capacity for over 1,300 customers around the world. OneSource Virtual HR was founded in 2008 and is based in Dallas, Texas.

Sell -
SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 45 of 54
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 17 of 20
State (Florida) 2 of 2
Country (United States) 44 of 52
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Wahoo

Atlanta, Georgia, United States

Wahoo provides a full ecosystem of sensors and devices for runners, cyclists, and general fitness enthusiasts. Wahoo’s products include the KICKR family of smart indoor riding equipment and accessories, the ELEMNT family of GPS devices and sport watches, the TICKR family of heart rate monitors, as well as Speedplay dual-sided pedals and the SUF structured training app to help you become the most complete athlete. Wahoo was founded in 2009 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Pentec Health

Glen Mills, Pennsylvania, United States

Pentec Health is a provider of specialty infusion services to patients who require access to complex pharmaceutical products and services outside of the hospital setting. Pentec Health was founded in 1983 and is based in Glen Mills, Pennsylvania.

Sell -