Private equity firm brings global tech distributor back to US.

 

Global technology distribution company Ingram Micro is back in US hands following the completion of its sale (announced last December) to Platinum Equity earlier this month.

 

The Los Angeles-based private equity firm, which also owns Winc Australia/New Zealand, paid US$7.2 billion for Ingram Micro, previously owned by Chinese holding company HNA Technology, which had been in financial difficulty in recent years.

 

HNA Group's Tianjin Tianhai bought Ingram Micro in 2016 for US$6 billion. 

 

With US$49 billion in revenue for fiscal year 2020, Ingram Micro is the world’s largest provider of technology solutions and mobility, cloud, platform and supply chain solutions

 

“As the largest technology distributor in the world, Ingram Micro plays a vital role helping companies innovate and adapt, which is especially important now as we continue to emerge from the pandemic,” Tom Gores, Platinum Equity’s chairman and CEO, said. 

 

“Corporate IT priorities are shifting, e-commerce is thriving, and the pace of digitisation continues to accelerate, which makes the technology products, services and advanced solutions the company provides more important than ever,” he said.