• Serving Cross-Border Enterprise Clients: Acquiring UK-based Kelway strengthens CDW's ability to serve cross-border enterprise accounts, positioning the company well for future growth and providing more control, particularly as it builds its services offerings.
• Pushing Beyond Traditional Limits: CDW has not been acquisitive in the past - its last major acquisition was of Berbee Information Networks in Sept. 2006 for $184 million. However, CDW previously had a strategic partnership with Kelway, and slowing growth in CDW's core markets has led the company to consider converting this partnership to an outright acquisition.
• PE Exits After Strong Growth: It was reported last year that Kelway had outgrown PE backer Core Capital. Beginning with a £5 million investment in Nov. 2006, their partnership has grown to £8.5 million while revenue grew from £45 million to £530 million in a combination of organic growth and seven acquisitions. According to media reports, Core Capital is receiving a significant payout of £76 million ($120M) in exchange for its 29 percent equity stake.
• CDW Sees Opportunity to Remain on Top: CDW has remained at the top of its peer group since it held its IPO in June 2013. By acquiring a longtime partner, and completing the acquisition in stages rather than buying Kelway outright, CDW is opting for a high-potential expansion while reducing integration risk.

 For more information, view the press release by clicking here.