PCM Buys En Pointe’s IT Business

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El Segundo’s PCM Inc., makers of the PC Mall and MacMall technology product catalogs, has acquired some assets from En Pointe Technologies Sales Inc., an information technology firm that specializes in Microsoft products.

PCM agreed to pay $15 million for the Gardena company’s IT solutions provider business, along with 22.5 percent of its future adjusted gross profit and 10 percent of certain service revenues over the next three years, according to a Securities and Exchange Commission filing.

En Pointe, which had revenue of $393 million for the year ended Sept. 30, will retain its accounts receivable and inventory, including a five-year, $72 million contract to provide cloud-based software to all of Los Angeles County’s 30-plus departments that was signed in June.

The deal is expected to close April 1, and PCM plans to create a new division that will assume the En Pointe name. In addition to its direct marketing divisions, PCM also offers a variety of IT solutions for businesses and local governments and the deal should bolster its foothold in those markets.

“We believe that this acquisition will be very complimentary to our commercial and public sector segments,” Frank Khulusi, PCM’s chairman and chief executive, said in a statement.

PCM said it plans to offer equivalent positions all of En Pointe’s 240 employees. En Pointe Chief Executive Bob Din founded the company in 1993. In August 2009, a company owned by Din and his family took En Pointe private in a $14 million transaction that paid shareholders were paid $2.50 per share.

PCM shares rose 1 percent Monday to close at $9.11.

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