Spotlight
Spotlight
An archive of past spotlight issues.
The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry.
18 Jan 2023
IT Industry Titan John McKenna Announces Retirement
Congratulations to John McKenna, CEO of ConvergeOne, who announced his retirement today after 14 years at the helm. John has been an integral part of the IT industry for more than 30 years, and his leadership, dedication, and hard work have set the gold standard as a titan in our industry. John’s tenure at...
21 Dec 2022
Happy Holidays – The 2022 martinwolf Annual Letter
View a pdf of this letter here. Dear Clients, Partners, and Friends, It’s hard to believe we are closing the books on our 25th year in business. Looking back at our extraordinary colleagues past and present, hundreds of clients, and a global network of buyers and friends, I want to start this year’s letter...
24 Jan 2022
Tailwind Capital Sells AST Corp. to Recognize Partners
Financial Information ($USD) Not Disclosed Transaction Details Tailwind Capital today announced it has completed its sale of AST Corporation to Recognize Partners, a technology services focused investment platform. Financial information was not disclosed. AST, a leading cloud and digital transformation solutions provider, simultaneously announced the deal, categorizing it as a strategic investment by Recognize to enable AST to accelerate investment in innovation,...
03 Jan 2022
Office Depot Sells CompuCom Systems
Financial Information ($USD) Transaction Value: ~ $305 million Enterprise Value: $1.72 billion EV/LTM Revenue: 0.19x EV/LTM EBITDA: 3.85x Transaction Details The ODP Corporation (NASDAQ: ODP) announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. The transaction consideration of up to $305 million consists...
29 Dec 2021
Happy Holidays – The 2021 martinwolf Annual Letter
Dear Clients, Partners, and Friends of martinwolf M&A Advisors, I hope you all are having an enjoyable holiday season with family and friends. It’s been my tradition in this annual end-of-year letter to spend time reflecting on the past year, and to look forward to what the next year holds for us. We have plenty...
20 Dec 2021
Oracle To Acquire Cerner Corporation
Financial Information ($USD) Enterprise Value: $28.3 Billion EV/LTM Revenue: 8.12x EV/LTM EBITDA: 17.71x Transaction Details Oracle (NYSE: ORCL) today announced an agreement to acquire Cerner Corporation (NASDAQ: CERN) through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to...
18 Oct 2021
CDW To Acquire Sirius Computer Solutions
Financial Information ($USD) Enterprise Value: $2.5 Billion EV/REV: 1.23x Transaction Details CDW Corporation today announced it has entered into a definitive agreement to acquire Sirius Computer Solutions, Inc from an affiliate of Clayton, Dubilier & Rice for $2.5 billion in cash. Sirius, a leading provider of secure, mission-critical technology-based solutions, generated 2020 net sales of $2.04 billion with approximately 3,900...
29 Sep 2021
H.I.G. Capital Announces Sale of Trace3
Financial Information Not Disclosed Transaction Details H.I.G. Capital announced that one of its affiliates has entered into a definitive agreement to sell Trace3, a premier provider of IT solutions and services, to affiliates of American Securities. Financial terms of the transaction are not being disclosed, but the press release cites Trace3 revenue of $1.4 billion....
02 Aug 2021
TowerBrook Capital Partners Makes Strategic Investment in EisnerAmper LLP
Transaction Details TowerBrook Capital Partners, an international investment management firm, has made a strategic investment in EisnerAmper, one of the largest professional services firms in the world, offering premier accounting, tax and business advisory services. The firm will now operate two divisions: EisnerAmper LLP, a licensed CPA firm, will provide attest services; and Eisner Advisory Group LLC,...