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New Deal


Announced

Completed

AVANT completed the acquisition of PlanetOne.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Majority

Domestic

Digital Services

business and technology sourcing

Completed

Acquisition

Single Bidder

Private

Synopsis

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AVANT, a platform for IT decision-making and the nation’s premier distributor for next-generation technologies, completed the acquisition of PlanetOne, a preferred business and technology sourcing partner. Financial terms were not disclosed. “The synergies gained from merging the sales excellence and technical talent of AVANT with the back-office, operational efficiencies and partner enablement energy of PlanetOne were undeniable – it was the right deal at the right time and for the right reasons,” Ted Schuman, PlanetOne Founder and former CEO and AVANT CXO.

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