CDW Corp. (Nasdaq: CDW) has agreed to acquired Sirius Computer Solutions Inc. from Clayton, Dubilier & Rice in a transaction valued at $2.5 billion. Sirius is a provider of hardware and software computer services for large and mid-sized customers.
“Sirius is a strong business with a talented team that offers compelling technology solutions to their clients,” said CD&R Partner Stephen Shapiro. “We are proud to have supported the company as it successfully navigated the pandemic and invested in strategic growth. We wish them continued success in the future.”
“We believe Sirius is representative of our strategy to partner with innovative technology-related services companies to accelerate growth, and we would like to thank the Sirius team for its significant effort over the past few years to build world class capabilities to serve its customers,” said CD&R partner Russ Fradin, former CEO of SunGard Data Systems, who has served as Chairman of Sirius since 2019. “We believe integration with CDW will open up new opportunities for the company’s future growth.”
Guggenheim Securities, LLC is serving as financial advisor and Kirkland & Ellis LLP and Debevoise & Plimpton LLP are serving as legal advisors to CD&R and Sirius. Evercore is serving as financial advisor to CDW and Sidley Austin LLP is serving as legal advisor.