Climb Global Solutions, Inc. acquired Data Solutions Ltd from Michael O?Hara, Francis O?Haire, Roberta McCrossan, David Keating, Alan Smyth and Brian Davis.
October 08, 2023
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Climb Global Solutions, Inc. (NasdaqGM:CLMB) acquired Data Solutions Ltd from Michael O?Hara, Francis O?Haire, Roberta McCrossan, David Keating, Alan Smyth and Brian Davis on October 6, 2023. The consideration includes an aggregate purchase price of ?15.4 million subject to certain working capital and other adjustments, plus a potential post-closing earn-out. The Company has guaranteed certain obligations of the Buyer under the SPA, including the potential post-closing earn-out. For its fiscal year ended March 31, 2023, DataSolutions reported adjusted EBITDA of approximately ?3.2 million.
Climb Global Solutions, Inc. (NasdaqGM:CLMB) completed the acquisition of Data Solutions Ltd from Michael O?Hara, Francis O?Haire, Roberta McCrossan, David Keating, Alan Smyth and Brian Davis on October 6, 2023
Climb Global Solutions, Inc. is a value-added information technology (IT) distribution and solutions company. The Company primarily operates through its Distribution segment, which distributes emerging technologies to corporate resellers, value-added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions. This segment distributes technology products from software developers, software vendors or original equipment manufacturers (OEMs) to resellers, and system integrators worldwide. The Company's Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services for customers worldwide under the name Grey Matter. Across both segments, the Company offers an extensive line of products from software vendors and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technically sophisticated domains.
Climb Global Solutions, Inc. acquired Data Solutions Ltd from Michael O?Hara, Francis O?Haire, Roberta McCrossan, David Keating, Alan Smyth and Brian Davis.