Converge is a category leader in electronic component distribution and highly specialized reverse logistics focused on end-of-life asset disposal and repair/spare parts logistics. Pharos Capital Group, Converge’s owner, was seeking to maximize the value of their investment through a 100% sale of the business.
Converge/Pharos hired BG Strategic Advisors to evaluate and advise the company on its options.
We immediately recognized Converge’s unique service offering, exceptional blue-chip customer base, strong management team and track record for delivering exceptional financial results.
We conducted a broad auction process targeting logistics providers seeking to broaden their logistics suite, electronic component distributors seeking to add a new service, and private equity firms striving to add an exceptional platform company.
Through a well-run marketing process and correct identification of the most likely buyers, we achieved a valuation which far exceeded our client’s expectation and paired Converge with an ideal strategic partner.
- Converge was sold to Arrow Electronics, Inc. – one of the world’s largest distributors of electronics components.
- The combination of Converge’s complementary distribution services and its reverse logistics offerings make Arrow the dominant service provider to its customers.
BG Strategic Advisors, LLC
525 South Flagler Drive, Suite 200
West Palm Beach, FL 33401