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DCC DCC plc acquires Almo Corporation Released : 15 Dec 2021 07:00 RNS Number : 6619V DCC PLC 15 December 2021 15 December 2021 DCC plc , the leading international sales , marketing , and support services group , announces that DCC Technology completed the acquisition of Almo Corporation ( " Almo " or the " Business " ) on 14 December 2021. The acquisition was based on an initial enterprise value of approximately $ 610 million ( £ 462 million ) on a cash - free , debt - free basis . The transaction represents DCC's largest acquisition to date and materially expands DCC Technology's successful and growing North American business . The Business was acquired in a bilateral transaction from the Chaiken family , who have owned and managed Almo since its foundation 75 years ago . DCC has now committed c . £ 550 million to acquisitions in the financial year ending 31 March 2022. DCC management will host a webcast at 9.00 am this morning ( details below ) to provide an update on the Group's strategy and development priorities , DCC's growth in North America and the acquisition of Almo . The acquisition of Almo is a major step in the continuing expansion of both DCC and DCC Technology in North America . DCC Technology entered the North American market in 2018 and since then has expanded significantly , through a combination of strong organic growth and acquisition activity . Together with DCC Technology's existing platform , the acquisition of Almo will create the leading , specialist , Pro AV business in North America . The North American market is the largest B2B and consumer technology market in the world and the acquisition will enhance DCC Technology's presence and capability in the consumer channel where Almo is also the largest national distributor of consumer appliance and lifestyle products . It is led by a highly experienced management team with a high - quality sales , marketing and operating infrastructure . DCC plc acquires Almo Corporation in Group's largest acquisition to date DCC Technology North America to more than double in size Key Transaction Features : Almo is a leading specialist sales , marketing and value - added distribution business , operating across the B2B and consumer channels for Pro AV , consumer appliances , consumer electronics and lifestyle products , with revenue of approximately $ 1.3 billion ¹ - ( £ 1.0 billion ) . By combining Almo's Pro AV offering with DCC Technology's existing Pro AV operations , the synergistic acquisition will create the leading , specialist , Pro AV business in North America . ● ● ● ● The acquisition will significantly increase the scale of DCC Technology's overall business in North America : on a pro - forma basis , DCC Technology will have revenue of approximately $ 2.3 billion ( £ 1.7 billion ) in the region . The enlarged business will have increased management and operational capability to be a consolidator in a fragmented , growing market . Consideration based on an initial Enterprise Value , on a debt - free , cash - free basis of c . $ 610 million ( £ 462 million ) . Underlying EBITA of c . $ 75 million¹ ( £ 57 million ) . Significantly EPS accretive , with adjusted EPS accretion of approximately 10 % 2 in first full year of ownership . The acquisition is expected to generate a return on capital employed well above DCC's cost of capital from completion . It is expected to generate a return on capital employed of 15 % within three years . The vast majority of the consideration was paid in cash on completion from DCC's existing resources . The remaining consideration will be payable based on a number of performance criteria over the periods to 31 March 2024 . Based on Almo's most recent financial year ended 30 April 2021 2 Based on DCC plc's year ended 31 March 2021