Exertis IT has a new private-equity owner after DCC Group this morning announced it has competed its disposal of the £2bn-revenue distributor.
Having indicated its intention to review options for its DCC Technology arm last November, DCC Group in July announced it had agreed to sell Exertis IT to AURELIUS for an enterprise value of around £100m.
News of the deal’s completion was broadcast in a stock exchange announcement this morning.
The acquired businesses – known more formally as ‘DCC Technology’s Info Tech business in the UK and Ireland’ – include Exertis UK Business and Consumer, Hypertec, Exertis Supplies, Exertis Ireland, Macro EV, Exertis Supply Chain Services, MTR and Ztorm.
The deal does not include the newly rebranded Hammer business, one of a number of distribution brands within the DCC Technology stable DCC plans to hang on to for another 12-18 months.
Exertis IT ranked fourth in Oxygen’s recent Must-Know UK Distributors and Marketplaces 2025, with Hammer positioned 13th.
The deal makes Exertis IT the latest in a growing line of large distributors to attract private equity backing, following Apollo and Platinum Equity’s recent involvements with Tech Data and Ingram Micro, respectively (not to mention the likes of Infinigate and Distology).
Talking to IT Channel Oxygen in July, Exertis IT CEO Tim Griffin said AURELIUS can “give us the attention we deserve”.
“DCC had lots of other distractions, and wanted to focus elsewhere,” Griffin said at the time, in reference to FTSE 100 firm DCC’s stated aim of focusing on its most-profitable energy business.
“The completion of the sale is another material step in the Group’s strategy to simplify operations, maximise shareholder value and accelerate the growth of its energy business, the Group’s largest and highest returning division,” DCC said in a statement this morning.
