Fieldfisher Ireland's Corporate and Commercial team, led by Feilim O'Caoimh (Partner) and Jamie Woodcock (Senior Associate), advised Climb on the purchase.
Climb is a global IT channel company providing both distribution and cloud technology solution. Acquiring DataSolutions gives the New Jersey-based organisation access to the Irish and UK markets to expand its IT services distribution business, which it has been running for more than 40 years.
Referencing the opportunities created by the acquisition, Climb CEO Dale Foster said: “The composition of their line card is highly conducive for cross-sell opportunities, which will enable us to build greater depth with our partners.
“DataSolutions has established a robust recurring revenue base, with more than 90% of its fiscal 2023 revenue coming from existing reseller partners. We expect this acquisition to be immediately accretive to earnings, while enhancing our gross profit and adjusted EBITDA margins, thus advancing our profitability objectives while fortifying our foundation for long-term growth.”
Jamie Woodcock commented: "We were delighted to utilise our extensive M&A expertise to assist Climb in getting this transaction over the line. It is a privilege to have played a small part in furthering Climb's strategic objectives and positioning the organisation for continued success in the Irish and UK markets."
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