Presidio Files $100M IPO

November 22, 2016 10:49 AM EST

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Presidio filed a registration with the U.S .SEC for an IPO of its Common Stock. The proposed maximum offering amount is $100 million.

Underwriters are J.P. Morgan, Citigroup, Barclays, and RBC Capital Markets.

Financial commentary: Our revenue was $1,393 million for the Predecessor period beginning July 1, 2014 and ending February 1, 2015 and $985 million for the Successor period beginning November 20, 2014 and ending June 30, 2015. From November 20, 2014 to February 1, 2015, the Successor had no operations or activities other than the incurrence of transaction costs related to the Presidio Acquisition. Our revenue for our Combined fiscal year ended June 30, 2015 was $2,378 million and increased 14.2% to $2,715 million in our fiscal year ended June 30, 2016. In our fiscal year ended June 30, 2016, our net loss was $3.4 million. In the same period, Adjusted EBITDA and Adjusted Net Income were $211.1 million and $81.2 million, respectively.

Presidio is a provider of IT solutions to the middle market in North America.



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