AURELIUS has agreed to acquire Exertis UK and Ireland, the Info Tech division of DCC Technology, in a carve-out transaction involving a business that generated £2bn ($2.6bn) in annual revenue for DCC plc.

The acquisition adds a major technology distributor to AURELIUS’s portfolio and marks another deal with a FTSE100-listed counterparty. Exertis distributes a wide range of technology products and services to both consumer and business clients, representing numerous blue-chip vendors across the UK and Ireland.

With significant scale and infrastructure, anchored by national distribution hubs in Burnley and Dublin, Exertis plays a key role in the region’s tech supply chain.

AURELIUS plans to drive earnings growth through a combination of operational improvements and strategic expansion. The firm will deploy its WaterRise team of in-house specialists to deliver a targeted transformation programme and capitalise on an anticipated recovery in tech sector demand.

“Exertis in the UK and Ireland ticks all of AURELIUS’ boxes: with £2bn in annual revenues it is an attractive size, and it offers significant operational improvement potential,” said Andrzej Cebrat, Managing Director at AURELIUS IV and V. “It will allow AURELIUS to play to its strengths by deploying its WaterRise team of specialists to support a return to operational excellence and growth.”

The transaction is subject to customary regulatory approvals and closing conditions. AURELIUS was advised by Rothschild & Co, Eversheds, Interpath, KPMG, and Kearney.

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