CompuCom Systems Inc., a Texas-based company that provides information-technology services, said Tuesday that it has entered into a definitive agreement under which Boston-based private equity firm Thomas H. Lee Partners L.P. will acquire CompuCom from Court Square Capital Partners, another private equity firm.
The Reuters news service cited a source saying that the price tag will be $1.1 billion.
CompuCom’s press release included a statement from Soren Oberg, managing director at Thomas H. Lee.
“Companies across all industries are increasingly turning to third parties to enhance how they meet their business service needs, particularly with respect to IT,” Oberg said. “Meanwhile, technology continues to evolve quickly; organizational compliance requirements are becoming an expensive burden due to the rise of mobile devices and cloud computing; and end-user computing services require integration of an increasing number of components. CompuCom has demonstrated that it has the tools and human capital to help companies to navigate these challenges. This investment is also consistent with our long history of investing in and partnering with business processing and managed IT services firms, including Systems Maintenance Services and Fidelity National Information Services.”Chris Reidy can be reached at firstname.lastname@example.org.