LARGO — You know that drawing of the little fish that’s about to be swallowed by a medium-sized fish, which is itself about to be swallowed by a big fish?
The fish in the middle is Tech Data.
While a lot of recent attention has been focused on Apollo Global Management’s $6 billion purchase of Tech Data, the Largo-based company said Monday that it has completed its acquisition of DLT Solutions, based in suburban Washington, D.C.
Tech Data doesn’t consider the purchase price to be material to its overall financial results, so it is not making terms of the deal public, company spokesman Bobby Eagle said.
DLT, now a wholly owned subsidiary of Tech Data, is a software and cloud solutions company that matches government programs in defense, intelligence, education and civilian agencies with information technology providers.
In fiscal year 2018, DLT Solutions had more than $361 million in government contracts, making it the 63rd largest government contractor in the federal market, according to Washington Technology.
“This acquisition will provide higher-value solution offerings to our partners, helping them to build their businesses,” Tech Data Americas president Joe Quaglia said in an announcement, while growing Tech Data’s footprint in the U.S. public sector marketplace.
Meanwhile, Tech Data’s own acquisition by Apollo, a private equity firm headquartered in New York, is headed for a key deadline next week. Any other company that wants to make a competing bid for Tech Data has until Dec. 9 to do so. Earlier this month, according to CNBC, billionaire investor Warren Buffett made a bid for Tech Data, but Apollo raised its own bid for the company, enough to drive Buffett out of the competition.
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