10 Big Channel-Reshaping Deals In November
Submitted by Michael Novinson on
1. Insight Enterprises
Target company: Datalink
Headcount: 570 employees
Annual revenue: $771 million
Purchase price: $258 million
Date of announcement: Nov. 7
Insight Enterprises agreed to buy Datalink, one of the channel's largest pure-play data center solution providers, in a bid to strengthen its data center offerings around hybrid cloud, converged and hyper-converged infrastructure.
Tempe, Ariz.-based Insight, No. 15 on the CRN SP 500, said it expects to receive $20 million in cost savings within two years of purchasing Eden Prairie, Minn.-based Datalink, No. 45 on the CRN SP 500, primarily around corporate efficiencies, duplicative functions and IT system integration.
The deal will close in the first quarter of 2017 and is expected to boost Insight's adjusted earnings per share in 2017 excluding $8 million in one-time transaction and integration expenses.