Tech Data to acquire government technology provider DLT Solutions
DLT Solutions, a Virginia-based government technology provider, has agreed to be acquired by Tech Data, for an undisclosed price.
The acquisition is expected to boost Tech Data’s solutions aggregation offering for the public sector market.
Following the completion of the deal, DLT Solutions will become a fully-owned subsidiary of Tech Data.
DLT Solutions is said to have seen continued growth from sales of next-generation technologies such as cloud and cybersecurity to the public sector since its acquisition by Mill Point Capital in the year 2015.
Commenting on Tech Data acquisition of DLT Solutions, Art Richer – CEO of DLT Solutions, said: “This transaction represents an opportunity for DLT to expand its value proposition by aligning with a Fortune 100 company that brings broader vendor and partner relationships, financial strength, and a strong commitment to solutions aggregation.
“Government customers continue to look to new cloud and as-a-service delivery models requiring access to more technologies and partners to deliver them. The addition of DLT enables Tech Data to proactively develop opportunities, accelerate growth and simplify complexity for its channel partners serving the U.S. public sector space.”
Subject to customary regulatory approval, the deal is likely to be wrapped up during Tech Data’s fourth fiscal quarter.
Michael Duran – Founder and Managing Partner of Mill Point Capital said: “We recognized the opportunity for growth in cloud and software adoption in the public sector market and invested in the capabilities necessary to bring value to our channel partners.
“Under the leadership of Art and his management team, DLT has expanded its value proposition and has grown to become the leading solutions aggregator in the public sector. Signing this agreement with Tech Data allows for a combination of value that will further accelerate growth in this market.”
DLT Solutions was represented in the deal by Evercore.