CD&R Buys Majority Stake in San Antonio’s Sirius Computer Solutions
Summary
San Antonio —New York investment firm Clayton, Dubilier & Rice (CD&R) has acquired a majority stake in Sirius Computer Solutions, which provides a variety of security, cloud, and various other IT services to customers, typically offering products from companies it partners with, such as IBM or Cisco. Sirius has $3.5 billion in annual gross sales, according to a news release (that may include the cost of goods it sells on behalf of the companies it partners with, not just Sirius’s portion). Kelso acquired its stake in 2015 from the company’s founder, Harvey Najium, and Thoma Bravo, which bought into Sirius in 2006. With the CD&R investment, partner Russ Fradin, who is the former president and CEO of SunGard Data Systems, is becoming chairman of the Sirius board of directors. David Holley is Xconomys national correspondent based in Austin, TX.
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