Deals

Government/enterprise tech dealer CDW preps for IPO — again

cdw

CDW, hardware/software retailer to the Big Guys, is getting ready to go public in a $750 million offering.

Interestingly, the company, which was founded by businessman Michael Krasny in 1984, already had an IPO a decade ago.

Krasny led CDW to its first initial public offering in 1993. He then sold it to Madison Dearborn Partners and Providence Equity Partners in 2007; that particular deal netted him $7.3 billion and made the company privately held once more.

This year’s IPO will be led by JPMorgan Chase, Barclays, and Goldman Sachs, Reuters reports.

CDW is short for Computer Discount Warehouse. The company provides tech of all kinds — Chromebooks, tablets, copies of Microsoft Office, keyboards and mice, you name it — to large businesses and IT departments.

In addition to providing technology software and hardware to the enterprise, CDW also does a boatload of business with federal, state, and local governments and educational institutions (including schools and universities).

Altogether, this line of business added up to $10.1 billion in sales across a quarter of a million companies last year.

The company is based in Vernon Hills, Ill., and employs 6,800 people in 25 locations around the U.S. and Canada.

Image credit: CDW