Ingram Micro Holding Corp.
General Information | |
Business: | Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. (Incorporated in Delaware)With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve. We deliver customized solutions to our vendor, reseller and retailer partners, enabling them to provide excellent business outcomes to the companies and consumers they serve. Through our global reach and broad portfolio of products, professional services offerings, software, cloud and digital solutions, we remove complexity and maximize the value of the technology products our partners make, sell or use, providing the world more ways to realize the promise of technology. In the face of significant economic uncertainty and volatility in commercial markets globally, we believe that our business remains well-positioned to benefit from technology megatrends, including cloud migration, enhanced security, Internet-of-Things (“IoT”), hybrid work and 5G.As one of the world’s largest technology distributors by revenue and/or by global footprint, we have positioned Ingram Micro as an integral link in the global technology value chain, providing technology solutions and services from more than 1,500 vendor partners to a broad array of customers. With operations in 57 countries and 134 logistics and service centers worldwide, we serve as a solutions aggregator that we believe based on our experience in the industry enables us, together with our vendor partners, to reach nearly 90% of the global population with technology. Original Equipment Manufacturers (“OEMs”) and software providers rely on us to simplify global sales channels, gain operational efficiencies and address complex technology deployments. Our highly diversified base of more than 161,000 customers includes value-added resellers, system integrators, telecommunications companies and managed service providers. We provide our customers with broad product availability, technical expertise and a full suite of professional services to simplify their deployment and maximize their use of technology, including data-driven business and market insights, pre-sales engineering, post-sales integration, technical support and financing solutions. We manage more than 850 million units of technology products across more than 220,000 unique SKUs every year and handle, on average, in excess of 12,000 technical engineering calls monthly.More than a decade ago, we embarked on a journey from being a traditional IT products distributor to creating an integrated marketplace for customized solutions. Since then, even in the midst of the recent global softening in demand for certain of our traditional offerings, including our client and endpoint solutions, we have invested more than $2 billion in technical resources, intellectual property, digital processes and systems, advanced solutions, specialty markets and professional services. From its inception, this organic evolution, aided by a number of key acquisitions, has focused on creating a one-stop-shop experience for our thousands of customers to seamlessly procure and manage a comprehensive suite of technology solutions and services. The anything-as-a-service (“XaaS”) market has now been a rapidly expanding market and a key growth driver for several years, leading to our accelerated development of highly integrated solutions, services and marketplaces. First launched in 2010, our cloud marketplace has been a transformative part of our journey, enabling leading software vendors to connect with thousands of customers, who in turn support millions of end users, in what we believe to be the world’s largest cloud ecosystem. Today, our cloud marketplace hosts more than 200 cloud solutions, aggregates 29 marketplaces and manages over 36 million seats for more than 33,000 customers. Building on our successful cloud marketplace, our proprietary CloudBlue digital commerce platform, and other acquired and organically developed intellectual property, in 2022 we launched Ingram Micro Xvantage, our fully automated, self-learning and innovative digital platform, which is now live in key countries around the globe. We believe that our customers will increasingly experience a “single pane of glass” through which we offer a full menu of IT devices, software solutions, cloud-based subscriptions, and technology services across hundreds of vendors and brands as we migrate our cloud marketplace and other marketplaces to Ingram Micro Xvantage and continuously integrate additional capabilities to the platform. Through Ingram Micro Xvantage, many tasks that previously took hours or even days, such as order status updates, price quotes and vendor catalog management activities, can now be accomplished by the platform in a few minutes, driving significant efficiency gains for our vendors, customers and associates. We believe that we offer our third-party partners the industry’s first comprehensive and streamlined distribution experience in a single integrated digital platform. Harnessing the insights gained from hundreds of millions of transactions over the past decade, Ingram Micro Xvantage is a significant milestone in our evolution benefiting from many years of investment and IT distribution experience. As our dynamic business model continues to evolve and we continue our transition to becoming more of a platform company, we will be better able to adapt to customer demands in the constantly shifting IT landscape.Our focus on successful business outcomes for our partners and their clients, together with the investments described above, have enabled us to deliver solid financial results and expand our advanced solutions and cloud businesses even in the midst of the recent global softening in demand for certain of our traditional offerings, including our client and endpoint solutions.Note: Net income and revenue are for the 12 months that ended June 30, 2024.(Note: Ingram Micro Holding Corp. priced its IPO at $22.00 – $1.00 below the top of its $20.00-to-$23.00 price range – and sold 18.6 million shares – the number of shares in the prospectus – to raise $409.2 million on Wednesday night, Oct. 23, 2024. Background: Ingram Micro Holding Corp. disclosed the terms for its IPO in an S-1/A filing on Oct. 15, 2024: 18.6 million shares at a price range of $20.00 to $23.00 to raise $399.9 million. Background: Ingram Micro Holding Corp. filed its S-1 for its IPO without disclosing terms. Some IPO pros estimate that Ingram Micro could raise over $1 billion in its IPO, Bloomberg has reported. Background: Ingram Micro submitted confidential IPO documents to the SEC in April 2022.)
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Industry: | WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE |
Employees: | 24150 |
Founded: | 1979 |
Contact Information | |
Address | 3351 Michelson Drive, Suite 100 Irvine, CA 92612 |
Phone Number | (714) 566-1000 |
Web Address | http://www.ingrammicro.com/ |
View Prospectus: | Ingram Micro Holding Corp. |
Financial Information | |
Market Cap | $5181.0mil |
Revenues | $47820.0 mil (last 12 months) |
Net Income | $327.44 mil (last 12 months) |
IPO Profile | |
Symbol | INGM |
Exchange | NYSE |
Shares (millions): | 18.6 |
Price range | $22.00 - $22.00 |
Est. $ Volume | $409.2 mil |
Manager / Joint Managers | Morgan Stanley/Goldman Sachs/J.P.Morgan/BofA Securities/Deutsche Bank Securities/Evercore ISI/ Jefferies/RBC Capital Markets/BNP Paribas |
CO-Managers | Guggenheim Securities/Raymond James/Rothschild & Co./Stifel/William Blair/Fifth Third Securities/Loop Capital Markets |
Expected To Trade: | 10/24/2024 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |