Clayton, Dubilier & Rice Exits Tech Solutions Leader in $2.5 Billion Transaction
On December 2, 2021, Clayton, Dubilier & Rice completed the sale of Sirius Computer Solutions to CDW for $2.5 billion.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On December 2, 2021, Clayton, Dubilier & Rice completed the sale of Sirius Computer Solutions to CDW for $2.5 billion. CDW previously acquired Sirius from CD&R in a $1.5 billion transaction in 2019. Under CD&R's ownership, Sirius focused on growth areas such as Security and Cloud. This sale marks CD&R's third technology sector exit since 2019, contributing to its total investment of $4.1 billion in technology-enabled services. CD&R has managed investments exceeding $35 billion, emphasizing its strategy of enhancing company profitability.
Positive
- CDW acquires Sirius Computer Solutions for $2.5 billion, enhancing its technology portfolio.
- Sirius has seen growth in key areas like Security, Managed Services, and Cloud under CD&R's ownership.
Negative
- None.
Details
News Market Reaction – CDW
The recorded move for CDW in the trading session of this news was +4.77%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Dec. 2, 2021 /PRNewswire/ -- Clayton, Dubilier & Rice today completed the previously announced sale of Sirius Computer Solutions, a leading provider of secure, mission-critical technology-based solutions for corporate and institutional customers, to CDW (Nasdaq: CDW). The total purchase price was
CD&R funds acquired Sirius in 2019 in a
Over the past five years, CD&R funds have invested
About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than
About Sirius Computer Solutions, Inc.
Founded in 1980 with headquarters in San Antonio, TX, 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. With over 2,600 employees, multiple offices across the U.S., and a team of experts with more than 5,500 professional and technical certifications, the Sirius team specializes in Digital Infrastructure, Security, Cloud, Managed Services, and Business Innovation (Digital and Data). Sirius solutions are built on proven technologies from top strategic partners and delivered by the brightest minds in the business. Follow @SiriusNews on Twitter and visit siriuscom.com and siriuscom.com/blog for more information about Sirius.
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SOURCE Clayton, Dubilier & Rice
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