Global MSP Presidio has been snapped up by tech investment firm Clayton Dubilier & Rice (CD&R) in a multi-billion dollar deal.
CD&R is acquiring the $6bn turnover company from BC Partners which will maintain a minority shareholding. The terms of the deal were not disclosed.
Presidio has 3,500 staff worldwide and 6,700 customers, plus relationships with technology providers such as Amazon, Palo Alto Networks, Microsoft, Google, Cisco and Dell.
“CD&R is an experienced technology investor with a track record of applying an operational mindset to build businesses with enduring value,” said Bob Cagnazzi (pictured), CEO of Presidio.
London-based BC Partners acquired Presidio in 2019, de-listing the company from the US Nasdaq in a $2.1bn take private transaction.
Under BC Partners’ ownership US-headquartered Presidio expanded internationally, including the acquisition of Ireland’s Arkphire services business.
On completion of the transaction CD&R operating partner Bill Berutti will serve as Chair of Presidio’s board of directors.