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THL Partners acquires IT company CompuCom Systems

9 Apr 2013

boston_glass_170sqBoston-headquartered private equity firm Thomas H. Lee (THL) Partners has acquired IT services business CompuCom Systems from peer Court Square Capital Partners.

The company has had more than 20 years of profitable growth and posted revenues of $2.3bn last year.

Soren Oberg, THL managing director, said, “Companies across all industries are increasingly turning to third parties to enhance how they meet their business service needs, particularly with respect to IT.

“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.”

The deal, whose financial terms were not disclosed, is expected to close in the second quarter of this year.

Since its launch in 1974 THL has raised $20bn of equity capital and invested in more than 100 businesses.

Last month it was reported that THL Partners and peers Bain Capital and Carlyle could bid up to $3.5bn for Onex Corp-owned medical imaging systems provider Carestream Health.

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