Page 1

NEWS RELEASE CDW To Acquire Sirius Computer Solutions for $ 2.5 Billion 10/18/2021 Significantly Accelerates CDW's Services and Solutions Capabilities and Enhances Ability to Deliver Customer - Centric Outcomes Across the Full Technology Solutions Stack Strengthens CDW's Financial Profile through Margin Expansion and Non - GAAP EPS Accretion LINCOLNSHIRE , III .-- ( BUSINESS WIRE ) -- CDW Corporation ( Nasdaq : CDW ) ( " CDW " or " Company " ) today announced it has entered into a definitive agreement to acquire Sirius Computer Solutions , Inc. ( " Sirius " ) from an affiliate of Clayton , Dubilier & Rice ( " CD & R " ) for $ 2.5 billion in cash , subject to customary closing adjustments . The transaction is expected to significantly accelerate CDW's services and solutions capabilities and further enhance CDW's ability to solve customers ' increasingly interconnected and complex technology challenges . The combined company would have had 2020 net sales of $ 20.5 billion¹ and the acquisition is expected to deliver gross margin , non - GAAP operating income ( NGOI ) margin² , and non - GAAP earnings per diluted share³ accretion . Founded in 1980 , Sirius is a leading provider of secure , mission - critical technology - based solutions for approximately 3,900 large and mid - sized customers . One of the largest IT solutions integrators in the United States , Sirius generated 2020 net sales of $ 2.04 billion , leveraging its services - led approach , broad portfolio of hybrid infrastructure solutions , and the deep technical expertise of its 2,600 coworkers to support corporate and public customers and serve as a consultative solutions partner across the full ecosystem of leading and emerging vendors . Sirius ' services and solutions capabilities in key growth areas , including Hybrid Infrastructure , Security , Digital and Data Innovation , and Cloud and Managed Services , will enhance the breadth and depth of CDW's services and solutions offerings . " As customers require increasingly complex and critical digital transformation initiatives , Sirius ' broad portfolio of world - class technology - based solutions and services - led approach will immediately add to our capabilities to meet this demand , " said Christine A. Leahy , president and chief executive officer , CDW . " Combining our businesses will accelerate progress on our three - part growth strategy by augmenting our portfolio and enhancing our ability to deliver customer - centric outcomes across the full technology solutions stack and lifecycle . We look forward to welcoming the talented Sirius team and leveraging our common values and collective unparalleled expertise to 1