Tech Data, which distributes technology on five continents and trades on Nasdaq, is in the process of purchasing the tech reseller DLT, which sells to the public sector and is nearly 30 years old.
DLT, a large reseller of technology to government, is being acquired by a publicly traded company.
That would be Tech Data, a technology distributor with offices on five continents.
“This transaction represents an opportunity for DLT to expand its value proposition by aligning with a Fortune 100 company that brings broader vendor and partner relationships, financial strength, and a strong commitment to solutions aggregation,” DLT CEO Art Richer said in a press release. “Government customers continue to look to new cloud and as-a-service delivery models requiring access to more technologies and partners to deliver them. The addition of DLT enables Tech Data to proactively develop opportunities, accelerate growth and simplify complexity for its channel partners serving the U.S. public sector space.”
DLT aggregates products from a wide variety of partners including Amazon Web Services, Autodesk, CrowdStrike, GitHub, Google, NetApp, Oracle and Tableau. It has been doing business since 1991 and has served all levels of government in the U.S.
DLT has also been owned by the private equity firm Mill Point Capital since 2015. The company did not disclose the acquisition price or stipulate whether Mill Point will retain any equity.
Mill Point also owns the gov tech company Avenu Insights & Analytics.
Tech Data expects the deal to close in the fourth quarter.