M&A Deal Summary

Welsh Carson Anderson & Stowe and Thomas H. Lee Partners Acquire DecisionOne

On June 5, 1997, private equity firms Welsh Carson Anderson & Stowe and Thomas H. Lee Partners acquired information technology company DecisionOne

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 2nd and Thomas H. Lee Partners’ 1st transaction in the Information Technology sector.
  • This is Welsh Carson Anderson & Stowe’s 10th and Thomas H. Lee Partners’ 3rd transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 3rd and Thomas H. Lee Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • DecisionOne went bankrupt in 2000.
  • DecisionOne was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 1997-06-05
Target DecisionOne
Sector Information Technology
Buyer(s) Welsh Carson Anderson & Stowe
Thomas H. Lee Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DecisionOne

Wayne, Pennsylvania, United States
DecisionOne offers comprehensive IT solutions to a diverse group of Fortune 1000 customers across the United States and Canada. DecisionOne serves as a vendor-agnostic partner who helps companies reduce operating costs, extend technology life, and optimize their technology infrastructure. DecisionOne was founded in 1958 and is headquartered in Wayne, Pennsylvania.

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Buyer(S) 2

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 10 of 104
Sector: Information Technology M&A 2 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 42
State: Pennsylvania M&A 3 of 7
Country: United States M&A 10 of 99
Year: 1997 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-13 Walsh International

Newtown, Pennsylvania, United States

Walsh International, Inc. was engaged in the development, marketing, and support of comprehensive sales and marketing information systems for pharmaceutical companies to assist them in the more efficient management of their sales organizations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Concentra

Addison, Texas, United States

Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

Buy -
Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 92
Sector: Information Technology M&A 1 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 18
State: Pennsylvania M&A 2 of 9
Country: United States M&A 3 of 79
Year: 1997 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-27 Spectrum Brands

Middleton, Wisconsin, United States

Spectrum Brands is a diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders’ hardware and faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden, and home pest control products, and personal insect repellents. Spectrum Brands was founded in 1906 and is based in Middleton, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 TransWestern Publishing Co.

San Diego, California, United States

TransWestern Publishing Company, LLC operates as an independent yellow page directory publisher in the United States.

Buy -