Thoma Bravo Completes Sale of Sirius Computer Solutions to Kelso & Company

SAN FRANCISCO–(BUSINESS WIRE)–Thoma Bravo, a leading private equity investment firm, has completed the sale of Sirius Computer Solutions Inc., a leading national IT solutions integrator founded in 1980, to Kelso & Company.

The exit represents the culmination of a long and successful partnership between Thoma Bravo and Sirius Computer Solutions. A 2006 equity investment from Thoma Bravo allowed Sirius to invest in a growth strategy that increased gross revenues from just over $600 million annually in 2006 to an expected $1.7 billion in 2015.

“When we began our partnership with the Sirius executive team, our goal was to provide the resources and strategic insight to realize the growth potential of the successful model they had in place,” said Orlando Bravo, a managing partner at Thoma Bravo. “The growth that Sirius has undergone during our relationship serves as both a testament to the company’s market positioning and management team, as well as Thoma Bravo’s strategy of building market-leading companies through operational insight and selective, strategic add-on acquisitions.”

“Through Thoma Bravo’s support, Sirius has been able to invest in the technical skills, sales expertise, processes and tools that meet our clients’ diverse needs,” added Joe Mertens, President and CEO of Sirius. “This emphasis on effectively delivering our innovative solutions has established Sirius as an industry-leading technology solutions integrator, making the company well positioned to continue its trajectory through the next stage of growth with Kelso.”

“We worked hard alongside management to increase the breadth of solutions and services that Sirius offers its clients, adding capabilities to the company’s portfolio both organically and inorganically,” said Holden Spaht, a managing partner at Thoma Bravo. “Through our collaboration, the company was able to make six acquisitions, nearly triple its profitability, more than triple its workforce and ultimately secure a new partner to help continue its momentum.”

As part of this transition, Harvey Najim, founder and Executive Chairman of Sirius, will be retiring. Najim will continue to support charitable organizations throughout the San Antonio area as he has done throughout his career and is currently doing through the Harvey E. Najim Family Foundation.

“Nine years ago when I met Orlando, Holden and the Thoma Bravo team, I knew that I wanted to partner with them,” said Najim. “With their support, we were able to grow Sirius to new heights, and I was able to launch and grow my family foundation and its support of the community. And for that, I am extremely grateful for our partnership.”

Kirkland & Ellis LLP is acting as legal advisor to Thoma Bravo, and Elder Bray & Bankler PC is acting as legal advisor to Sirius.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $8.5 billion of equity commitments. For more information, visit www.thomabravo.com.

About Sirius Computer Solutions: Sirius is a national integrator of technology-based business solutions that span the data center and other lines of business. Built on products and services from the world’s top technology companies, Sirius solutions are installed, configured and supported by our dedicated teams of highly certified experts. Sirius is focused on helping organizations of all sizes reduce cost and complexity, improve service levels, and minimize risk through the implementation of strategic solutions that include cloud, analytics, mobility, security, IT infrastructure optimization and more. For more information about Sirius, visit www.siriuscom.com.

About the Harvey E. Najim Family Foundation: Established in December 2006, the Harvey E. Najim Family Foundation is aimed at helping children’s charitable organizations in the greater San Antonio area. Since 2007, Mr. Najim has contributed $84 million to the Najim Family Foundation, and the Foundation has given out in grants and pledges of approximately $65 million. For more information, visit www.najimfoundation.org.

Contacts

LANE (for Thoma Bravo)
Jeff Segvich, 503-546-7870
jeff@lanepr.com