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M&A Deal Summary

Platinum Equity and Triangle Capital Acquire Pomeroy IT Solutions

On November 12, 2009, private equity firms Platinum Equity and Triangle Capital acquired information technology company Pomeroy IT Solutions

Acquisition Highlights
  • This is Platinum Equity’s 6th and Triangle Capital’s 2nd transaction in the Information Technology sector.
  • This is Platinum Equity’s 30th and Triangle Capital’s 36th transaction in the United States.
  • This is Platinum Equity’s 1st and Triangle Capital’s 2nd transaction in Kentucky.
Investment Fate
  • Pomeroy IT Solutions was sold to a strategic buyer in 2015.
  • Pomeroy IT Solutions was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2009-11-12
Target Pomeroy IT Solutions
Sector Information Technology
Buyer(s) Platinum Equity
Triangle Capital
Deal Type Going Private

Target

Pomeroy IT Solutions

Hebron, Kentucky, United States
Pomeroy IT Solutions, Inc. is a provider of high quality IT infrastructure services from its locations throughout North America, Latin America, Europe, and Asia. Pomeroy’s portfolio of infrastructure managed services includes Workplace Services, Network Services, Data Center Services, and Cloud Services along with staffing services and the full range of procurement and logistics services. The industry’s foremost expert in Optimized Workplace Services, Pomeroy is industry recognized for Managed Workspace Services.

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Buyer(S) 2

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 36 of 156
Sector: Information Technology M&A 6 of 8
Type: Going Private M&A Deals 4 of 12
State: Kentucky M&A 1 of 2
Country: United States M&A 30 of 121
Year: 2009 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Geesinknorba Group B.V.

Emmeloord, Netherlands

Geesinknorba Group B.V. is a manufacturer of refuse collection vehicles, portable and static compactors. Geesinknorba was founded in 1874 and is based in Emmeloord, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 DyStar

Frankfurt, Germany

DyStar is a global provider of dyes and services to the fashion and textile industries. With operations in countries in Europe, Asia, Africa, and the Americas, DyStar manufactures, sells and distributes a wide range of dyestuffs and pigment preparations. DyStar has a solid market position, long-term relationships with key customers, and is well-known globally for its innovative products.

Sell -
Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 36 of 114
Sector: Information Technology M&A 2 of 4
Type: Going Private M&A Deals 1 of 1
State: Kentucky M&A 2 of 3
Country: United States M&A 36 of 112
Year: 2009 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Technology Crops International

Winston-Salem, North Carolina, United States

Technology Crops International works with customers to develop and maintain supply chains for high value, plant derived oils and oilseeds used as manufacturing ingredients in the food, chemical, cosmetics, and pharmaceutical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-19 Anesthesia Services Provider

United States

Leading physician management company that provides contracted outsourced anesthesiology services to hospitals and medical centers in the Midwest.

Buy -
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