Recently, solution providers noted that three years after Platinum Equity acquired CompuCom and GE IT Solutions for $504 million, it will be selling it to a private equity firm for $628 million.

CompuCom, based in Dallas is being purchased by solution providers Court Square Capital Partners, based in New York. Court Square is a 30-year-old private equity firm focused on the midmarket. It expects to close the sale by next year. The equity firm hopes to use CompuCom’s acquisition as a launching pad for acquisitions of more solution providers in the future.

Experts at important publications such as VARBusiness Magazine state that the latest solution provider acquisition is a great investment for Platinum. They purchased the company at the right time, and sold at the right time, when the company was still thriving and valued at greater than purchase price. Experts expect they will continue to see private equity interest in solution providers soar because their value has been evidenced in recent years. This is a testament to the value of the solution provider business model.

CompuCom will offer to purchase its outstanding 12 percent senior notes that are due in 2014 as part of the deal. For more information on this story for solution providers, see the attached link.

Added By: Computer Consulting Kit