Apollo Global Management Acquires National Solution Provider Presidio

Apollo Global Management has entered into a definitive merger agreement to acquire IT infrastructure solutions provider Presidio from affiliates of American Securities. The financial terms of the deal were not disclosed.

Presidio is a reseller chiefly known for providing infrastructure solutions to customers in the United States across verticals including networking, data centers, mobility, security, collaboration, and contact centers. The company also has an established managed services practice in Presidio Managed Networks and Presidio Managed Cloud.

Private Equity firm American Securities has held a “significant investment” in Presidio dating back to April 2011, according to CRN.

“Our partnership with American Securities over the past three and a half years has allowed us to expand our offerings and execute accretive acquisitions,” said Bob Cagnazzi, chief executive officer of Presidio, in a statement. “At the same time, we are excited to announce this transaction with Apollo, which has a proven track record of investing in market-leading businesses, and we look forward to partnering with them to further develop and scale Presidio’s franchise.”

Apollo has not announced what it plans to do with Presidio, nor has it provided any details on when the transaction will be completed.

“We are pleased to be partnering with Bob, his talented management team and Presidio’s outstanding workforce,” said Matthew Nord, partner at Apollo Global Management. “Together, they have successfully built Presidio into a leader in the IT services arena, and we look forward to supporting them in their ongoing growth initiatives.”