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GTDC CEO Frank Vitagliano: IT Distribution In A Sea Of Change


GTDC CEO Frank Vitagliano: IT Distribution In A Sea Of Change
‘People are recognizing the inherent value that distribution provides into the marketplace and into the community. And they recognize that value both from a legacy standpoint, traditional types of things that everybody knows about. . But they also acknowledge and recognize the investments that are being made in order to take advantage of the digital transformation,’ says GTDC CEO Frank Vitagliano.
By
Joseph F. Kovar April 21, 2021, 07:08 PM EDT
IT distribution is going through massive changes, both in terms of ownership but also in the way the firms support the channel, that will result in improved opportunities for solution providers in 2021 and beyond. ....

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Bidders galore: Japan Post's Toll nightmare attracts bargain hunters


Bidders galore: Japan Post s Toll nightmare attracts bargain hunters
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Nothing s been simple for Japan Post at Toll - so it s fitting that its partial exit should also prove extremely complex.
Japan Post is trying to sell Toll s global express unit, which accounts for 41 per cent of Toll Group s revenue or $3.2 billion and includes express parcel delivery, domestic freight-forwarding and its New Zealand business.
Toll s Global Express unit has 151 depots, 39 plans, 3496 trailers, 884 prime movers, 5847 vans and motorbikes, 8151 containers and 2 ships, according to a pitch to potential buyers.  
First-round bids went to sale advisers JPMorgan and Nomura on December 23 and, after a round of discussions with various bidders, Street Talk understands a second and more detailed diligence phase launched this week. ....

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What you need to know about Ingram Micro's private equity acquisition - Distribution


Ingram Micro ownership is returning stateside with an announcement Wednesday that the distributor will be purchased by Los Angeles-based private equity firm Platinum Equity Partners for US$7.2 billion.
The deal ends four years of ownership by HNA Group, a massive Chinese air carrier that embarked on a heavily leveraged acquisition binge that has since hobbled its growth and forced it to divest property as it struggles to make payments on its debt. HNA told Chinese regulators in May that it missed a $750 million payment on a US$4 billion loan that was used to buy Ingram Micro.
The acquisition of Ingram Micro is expected to close in early 2021. Platinum Equity Partners, which was founded by Chairman and CEO Tom Gores in 1995, has US$23 billion in assets under management. ....

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