THL to acquire IT services company CompuCom for $1.1 billion
April 9 , 2013
IT outsourcing company CompuCom Systems revealed on Monday that it is to be bought by private equity firm Thomas H. Lee Partners.
According to a source close to the matter, the deal is worth $1.1 billion.
Texas-based CompuCom was previously owned by Court Square Capital Partners, a private equity firm formed out of Citigroup in 2006, after it was acquired in 2007 for approximately $628 million.
CompuCom provides a range of technology to help clients through deployment, management and retirement lifecycle of their IT assets.
Last year, it reported gross revenue of $2.3 billion.
The transaction is expected to close in the second quarter of this year.