CD&R completes Sirius buyout
Summary
San Antonio, TX and New York, NY—01 July, 2019—Sirius Computer Solutions, Inc. (Sirius), a leading national IT solutions integrator, announces that Clayton, Dubilier & Rice (CD&R), a private investment firm, has finalized its agreement to acquire a majority equity interest in Sirius from Kelso & Company. Sirius provides world-class solutions from proven technologies to help clients transform their business by managing their operations, optimizing their IT, and securing it all. “We believe the equity partnership with CD&R provides an excellent opportunity for Sirius and its employees to continue pursuing future growth opportunities and delivering the best business outcomes for our clients today and into the future.” “For close to four decades, Sirius has been an IT industry leader,” added Stephen Shapiro, CD&R partner. “We feel confident that our partnership and shared vision with management will help strengthen Sirius’ growth trajectory and broaden its solutions and services offerings to clients.” Joe Mertens will continue to lead Sirius as president and CEO, and no changes are anticipated in the company’s current management structure. Sirius solutions are built on proven technologies from top strategic partners, and delivered by the brightest minds in the business.