ScanSource to Acquire MicroAge

ScanSource, a South Carolina-based technology distributor, has announced a definitive agreement to acquire MicroAge, an IT solutions integrator, managed services provider (MSP), and digital transformation partner.

MicroAge serves a U.S. client base of approximately 2,400 clients and has more than 200 associates, according to a joint statement by the two companies. MicroAge also has ongoing partnerships with leading suppliers including Microsoft, Dell, Sophos, HPE, CrowdStrike, and VMware.

“MicroAge is an amazing, legendary company that has had tremendous brand recognition for more than 50 years,” said Mike Baur, ScanSource Chair and CEO. “The acquisition expands ScanSource’s total addressable market, adds new services capabilities, and provides greater visibility into end-user needs.”

“We are proud of what the MicroAge team has built, and we see ScanSource as the right partner for our next phase of growth,” said Larry Gentry, CEO of MicroAge. “With ScanSource’s greater reach, resources, and channel expertise, we will be better positioned to scale our services-led model in high-growth markets, while continuing to deliver the customer-first experience that has defined MicroAge.”

Under the agreement, ScanSource will acquire MicroAge in an all-cash transaction for a purchase price of $220.5 million, payable at closing. ScanSource expects to fund the acquisition through borrowings under its existing credit facility. The acquisition is expected to close by the end of September, subject to regulatory approval and other customary closing conditions.

Channel Impact^®
The acquisition strengthens ScanSource’s reach into strategic growth technologies, providing a new advantage to partners. MicroAge is expected to accelerate ScanSource’s revenue growth and margin expansion opportunities.