The private equity firm THL Partners agreed on Monday to buy CompuCom Systems, a privately held information technology services provider, from another private equity firm.
Terms of the deal weren’t disclosed, but a person briefed on the matter said that THL is paying CompuCom’s current owner, Court Square Capital Partners, about $1.1 billion in cash.
CompuCom, based in Dallas, focuses on helping companies outsource their information technology services. It reaped about $2.3 billion in gross revenue last year, it said in a statement.
The deal is expected to close by June 30.
Financing is being provided by Citigroup, JPMorgan Chase, the Bank of Montreal and the Jefferies Group.
CompuCom and Court Square is being advised by Citi and the law firm Dechert, while THL is being advised by BMO Capital Markets, Jefferies and the law firm Weil, Gotshal & Manges.
