H.I.G. Capital to Sell General Datatech for $1.05 Billion
H.I.G. Capital has signed a definitive agreement to sell its portfolio company, General Datatech (GDT), to an affiliate of Softcat plc for an enterprise value of $1.05 billion. The deal is expected to close by the end of Q1 2027 and subject to customary closing conditions. General Datatech, a global IT solutions provider based in Dallas, Texas, has undergone significant transformation since H.I.G.'s acquisition in 2021. During this period, GDT doubled its EBITDA while expanding into high-growth sectors such as hybrid cloud and cybersecurity. The company also established a Bangalore center of excellence to support its global delivery platform. Softcat is acquiring the firm for $1.05 billion, reflecting strong confidence in General Datatech's strategic positioning within enterprise IT modernization trends.
Topics: Mergers & Acquisitions Private Equity Technology Services