CDW's flight into private equity is complete
CDW, America's biggest computer dealer, left NASDAQ today, on completion of its takeover by a couple of private equity firms. They are called Madison Dearborn Partners and Providence Equity Partners, in case you're interested.
Now for a canned quote from Glenn Creamer, senior managing firector of Providence Equity. "Since its founding in 1984, CDW has utilized its unique, direct model strategy to become a significant, principal source of technology products and services. We look forward to...support[ing] CDW’s growth as a private company and the expansion of its leadership as a critical provider of technology solutions for business, government and education."
CDW has about 6,000 staff and annual sales of about $7bn. ®