CDW Corporation has announced its intention to acquire Sirius Computer Solutions for $2.5 Billion.
Founded in 1980, Sirius is a provider of mission-critical technology-based solutions for approximately 3,900 large and mid-sized customers. CDW said the deal is expected to “significantly accelerate” its services and solutions capabilities and broaden its services portfolio.
Sirius currently operates one Tier III-certified data center in Elk Grove Village, Illinois, from which it offers colocation services. The company has around 2,600 employees.
Texas-based Sirius was previously owned by an affiliate of private investment firm Clayton, Dubilier & Rice. The transaction is expected to close in December 2021.
“As customers require increasingly complex and critical digital transformation initiatives, Sirius’ broad portfolio of world-class technology-based solutions and services-led approach will immediately add to our capabilities to meet this demand,” said Christine A. Leahy, president and CEO, CDW. “Combining our businesses will accelerate progress on our three-part growth strategy by augmenting our portfolio and enhancing our ability to deliver customer-centric outcomes across the full technology solutions stack and lifecycle.”
CDW said the deal would help accelerate in growth areas such as Hybrid Infrastructure, Security, Digital and Data Innovation, Cloud and Managed Services, and would immediately help grow its bottom line.
Sirius President & Chief Executive Officer Joe Mertens added: “Today is an exciting day for Sirius. We have long admired CDW and welcome the opportunity to bring our complementary services and solutions capabilities to serve a broader market of customers as a combined company. Sirius and CDW share common values and a performance-driven, customer-focused culture. We look forward to the opportunity to combine Sirius’ considerable talents with CDW’s, and to being part of a larger, stronger organization that will be even better positioned for growth in the evolving IT services and solutions landscape.”
