Friday, November 13, 2009

Platinum Equity Buys IT Technology Provider

Los Angeles-based private equity firm Platinum Equity said Thursday afternoon that it has completed its acquisition of Pomeroy IT Solutions, a Kentucky-based provider of information technology solutions and services. The deal takes Pomeroy private, and was worth $6.50 per share of Pomeroy, or approximately $61.3M. Pomeroy has around 2000 employees, and provides hardware, software, staffing, and other IT services.

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