ScanSource completed its all-cash acquisition of MicroAge for $220.5 million on September 2, just two weeks after the deal was first announced on August 20. The purchase was funded by drawing on ScanSource's existing credit facility, adding to a balance sheet that carried $101.4 million of total debt and $88.4 million of cash as of June 30. The deal layers an IT solutions integrator with roughly 2,400 clients and more than 200 employees onto a distributor that has historically made its money moving hardware, and ScanSource has said it should lift gross margin, EBITDA margin and non-GAAP earnings per share within its first year. The closing followed a fourth quarter in which net sales rose 17.3% year over year to $953.1 million, diluted GAAP earnings per share jumped from $0.88 to $1.24, and non-GAAP earnings per share rose from $1.02 to $1.46. Fiscal 2027 guidance of 6% to 10% net sales growth and $158 million to $165 million of adjusted EBITDA was issued on August 20, before the MicroAge deal closed, and specifically excludes it.
ScanSource IncScanSource completed its $220.5M all-cash MicroAge acquisition, expected to lift gross margin, EBITDA margin and non-GAAP EPS within the first year
Bausch Health Companies IncMicroAge was acquired by ScanSource for $220.5 million in an all-cash deal
