PCM to Acquire Assets of En Pointe Technologies Sales, Inc.
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PCM, Inc. (PCMI) to Acquire Rest of En Pointe Technologies' IT Solutions Unit in $15M + Earn-Outs Deal
March 16, 2015 9:10 AM EDTPCM, Inc. (NASDAQ: PCMI) announced that it has entered into an agreement to acquire the assets of En Pointe Technologies Sales, Inc.s IT solutions provider business, excluding current tangible assets, such as accounts receivable and inventory. En Pointe Technologies Sales, Inc., one of the nation's largest independent IT solutions providers, is headquartered in Southern California. Under the terms of the agreement, PCM will pay an initial purchase price of $15 million in cash and certain contingent earn-out consideration over a three year period. The assets will be acquired by an indirect wholly-owned subsidiary of... More
