GDT acquired by Softcat
Context
Softcat has signed a definitive agreement to acquire GDT. Structured as a two-step transaction involving a reverse subsidiary merger under Delaware law, the operation facilitates the complete exit of the seller consortium, formally represented by H.I.G. Capital, LLC and H.I.G. GDT, L.P. The secured debt package, orchestrated by a banking syndicate including J.P. Morgan Chase, Barclays, BNP Paribas, HSBC, and National Westminster Bank, consists of a £450 million revolving credit facility and a £100 million term loan. Following the closing of the transaction, the acquiring group anticipates its net debt leverage will temporarily increase to 1.3x, with active deleveraging protocols targeting a ratio below 1.0x by July 2028. The strategic rationale articulated by the acquiring board centers on internalizing established fulfillment capabilities in the United States, granting immediate capacity to service massive enterprise contracts requiring simultaneous transatlantic deployment across the $550-$650 billion North American IT market. To secure the financial perimeters of the deal, the buyer secured representation and warranty insurance and established a limited financial guarantee. Throughout the competitive acquisition process, Lazard & Co., Limited provided exclusive independent financial advice to the acquirer's non-executive directors. Concurrently, J.P. Morgan Securities, Barclays Bank, and Peel Hunt acted as joint corporate brokers and financial advisers for the broader capital structuring. Execution of the final share transfer remains strictly conditional upon the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period and formal clearance from the Committee on Foreign Investment in the United States, with finalization officially slated for the first quarter of 2027.
GDT, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
GDT is a US‑based technology solutions provider headquartered in Dallas, Texas, with operational footprints in North America and India. The firm delivers end‑to‑end networking and data‑centre services, encompassing architecture design, implementation, optimisation and managed support. Its portfolio leverages deep technical expertise in infrastructure, cloud connectivity, security and emerging domains such as artificial intelligence, enabling enterprise clients to modernise complex IT environments. GDT maintains strategic vendor alliances with leading hardware and software manufacturers, which underpins its capability to integrate multi‑vendor ecosystems and to offer consultancy that aligns technology roadmaps with business objectives. The company serves a diversified client base that includes large corporations, public‑sector organisations and mid‑market enterprises across sectors such as finance, manufacturing, healthcare and retail. By combining advisory, integration and ongoing operational services, GDT positions itself as a vertically integrated partner that drives resilience, performance and innovation for its customers. The organisation’s culture emphasises technical excellence, customer‑centric service delivery and employee development, fostering long‑term relationships and high retention of specialised talent.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (GBP)
Similar deals in IT Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | ITC Federal | Capgemini Government Solutions | UNITED STATES | Consulting & Integration |
| 09/2026 | Samsung Electronics / EQT PARTNERS / PSG EQUITY | Mistral AI | FRANCE | Data & AI Consulting |
| 09/2026 | ITC Federal | Apriva ISS | UNITED STATES | Cybersecurity Services |
| 06/2026 | INVESTCORP | METRA | UNITED ARAB EMIRATES | IT Distribution & Channel |
| 06/2026 | INVESTCORP | TRIVIUM ESOLUTIONS | GERMANY | Custom Dev |
| 06/2026 | DRAGOS | PHOSPHORUS | UNITED STATES | Cybersecurity Services |
| 05/2026 | CINVEN | ONGOING WAREHOUSE | SWEDEN | Infrastructure & Cloud |
| 05/2026 | ISATIS CAPITAL | CAPTIVEA | FRANCE | Custom Dev |
| 05/2026 | IREN | NOSTRUM GROUP | SPAIN | Hosting / Datacenter |
| 04/2026 | LEGAL & GENERAL L&G / BPIFRANCE | BLUE | FRANCE | MSP (Managed Services) |
REFERENCES
Valuation range: EV 500M - 1.5b GBP
Revenue range: 750M - 1.3b GBP
EBITDA range: 50M - 100M GBP
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GDT by Softcat are reserved for mynth community members. Register for free to unlock full data.
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: gdt
Acquirer: softcat