Ingram Acquires Maryland DistributorFriday, November 30, 2012
Santa Ana-based Ingram Micro Inc. is set to acquire Promark Technology Inc., gaining a bigger presence in the corporate storage market and public sector.
The Annapolis Junction, Md.,-based distributor specializes in data storage and management, and electronic document imaging products and services. It holds the designation of a certified General Services Administration contractor, which allows its authorized vendors and resellers to sell to federal and state agencies.
Promark is estimated to generate about $100 million in revenue this year. It counts Aliso Viejo-based networking-equipment maker QLogic Corp., Dell, Panasonic and Fujitsu as customers.
It has about 40 employees.
Financial terms of the deal were not disclosed. The transaction is set to close today.
Promark will retain its name and operate as a subsidiary of Ingram, the world’s largest technology distributor with $36.3 billion in sales last year and $244.2 million in earnings.
Promark Chief Executive Dale Foster will continue to lead the company following the acquisition as executive director and general manager. He will report to Scott Zahl, vice president and general manager of Ingram Micro's Advanced Computing Division in the U.S.
The buy is the second under Ingram Chief Executive Alain Monié, who took the helm in January.
In October Ingram finalized its $840 million buy of Indianapolis-based BrightPoint Inc.
Ingram’s priciest deal to date paved the way to high-growth, high-margin business lines of products and services for the mobility segment, which includes smart phones, accessories, tablets, laptops and activation services, among others.
BrightPoint competes with Miami-based Brightstar Corp., which had $5.7 billion in revenue last year, for the title of world’s largest wireless device distributor.