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.
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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
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