Computacenter acquires one of the 'fastest growing' resellers in the US
Business IT Source will be fully integrated into Computacenter's North American operations over time
Hatfield-based Computacenter is set to grow its business further overseas as it confirmed the acquisition of US company Business IT Source (BITS).
The reseller says BITS is one of the "fastest growing" value-added resellers in the US, with the company employing around 100 people and reporting revenues of $245m in 2021.
It said the existing BITS leadership team will stay to run the business as a separate operating unit within Computacenter United States to "maximise the growth opportunity".
The business and the team will be fully integrated into Computacenter's North American operations over time.
"Our US business continues to grow organically but we will take additional opportunities to improve our positioning. BITS gives us a much stronger presence in the Midwest of the United States and brings some great people, customers and leadership to our business," said Mike Norris, Computacenter Group CEO.
"The Buffalo Grove Integration Centre will allow us to serve more of our Midwest regional customers locally over time, helping us to meet our sustainability goals. I am confident that the BITS leadership will seize the opportunity to continue their current growth momentum."
Bob Frauenheim, CEO & co-founder of BITS, added that the company is "excited" to join Computacenter.
He said: "This gives us the opportunity to provide a much broader range of capabilities to our customers and growth opportunities for our people. Operating as a separate business unit will allow us to continue our personalized service while leveraging Computacenter's capabilities to best serve customers and associates."
This is not Computacenter's first US acquisition - in 2018 the reseller made its first M&A move in the States after striking a deal to acquire FusionStorm, giving the company a foothold in the US market.
It then made a big splash in 2020 with $1.2bn-revenue firm Pivot TS, which roughly doubled the size of its operations in the US.