CLAYTON, DUBILIER & RICE (CD&R) takes majority stake in Presidio
Context
Clayton, Dubilier & Rice and BC Partners, leading international investment firms, have agreed on a definitive transaction under which funds affiliated with CD&R acquire a majority ownership interest in technology solutions provider Presidio from BC Partners, structured on an enterprise value of . The selling financial sponsor reinvests proceeds to retain a minority equity shareholding alongside the executive management team led by Bob Cagnazzi. This ownership transfer concludes a five-year investment cycle under BC Partners, which had previously executed the take-private delisting of the enterprise from the Nasdaq in 2019. During that holding period, Presidio absorbed regional add-on targets, completing the acquisitions of Irish IT consultancy Arkphire as well as Charlotte, North Carolina-based systems integrator ROVE. Following transaction completion, Bill Berutti, operating partner at CD&R and former chief executive of Plex Systems, assumes the chairmanship of the board of directors. Debt financing and transaction advisory services for CD&R are handled by J.P. Morgan Securities, Citi, Wells Fargo, RBC Capital Markets, BNP Paribas Securities Corp., UBS Investment Bank, and Deutsche Bank Securities, with Debevoise & Plimpton serving as legal counsel. Sell-side financial advisors assisting BC Partners and Presidio comprise Guggenheim Securities and LionTree Advisors, alongside Kirkland & Ellis acting as legal counsel. Subject to standard regulatory clearances, final closing is anticipated in the second quarter of 2024.
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Target
Presidio is a North American provider of digital infrastructure, cloud and security solutions, delivering end‑to‑end technology platforms for commercial enterprises and public‑sector entities. The firm operates a vertically integrated model that encompasses strategy, consulting, design, implementation and managed support services, enabling clients to simplify complex IT environments and adopt agile, secure architectures. Its value proposition emphasizes deep technical expertise, a local delivery footprint combined with national scale, and the capacity to align technology initiatives with business outcomes. Presidio serves a diversified client base spanning middle‑market firms, large corporations and government organizations across a broad range of industries. The organization employs a professional workforce of roughly three thousand personnel, including over one thousand six hundred technical engineers, distributed across more than sixty offices throughout the United States. The company’s operational approach leverages a combination of on‑site engineering, remote monitoring and cloud‑based service delivery to sustain continuous availability and security compliance. Presidio’s portfolio includes infrastructure design, migration to public and hybrid cloud environments, cybersecurity architecture, and managed services that cover lifecycle management and ongoing optimization.
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REFERENCES
Valuation range: EV 3b - 100b USD
EBITDA range: 250M - 500M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: presidio
Acquirer: clayton, dubilier & rice (cd&r)