ScanSource Completes Acquisition of MicroAge

ScanSource, Inc. has announced the completion of its acquisition of MicroAge for $220.5 million in cash. The transaction was funded through borrowings under ScanSource's revolving credit facility. This acquisition is expected to enhance ScanSource's strategic position, strengthen its customer service capabilities, and create long-term shareholder value. The company anticipates that the acquisition will be accretive to gross profit margin, adjusted EBITDA margin, and non-GAAP EPS in the first year, and will also be free cash flow positive. MicroAge is described as an award-winning full-service solutions integrator with expertise in cybersecurity, data intelligence, technology implementations, and managed IT services.