Mr. Dixon previously served as CompuCom's CEO from 1988 to 1996, presiding over the company's growth from regional product reseller to national services integration provider.
"We are delighted to welcome Jim Dixon home to CompuCom," said Rob Joubran, Chief Operating Officer for Platinum Equity. "He led this company through a period of unprecedented growth in the 1990s, and we are confident he will launch a whole new stage of growth and development for the company."
Mr. Dixon replaces Ed Coleman, who over the last five years guided the transformation of CompuCom to a highly regarded IT service company recognized by clients and industry analysts for the quality of its services. In addition, he led the transition from a publicly held company to a private one with an ownership structure that supports the next phase of the company's growth.
During the leadership transition, Mr. Coleman will advise the company to help ensure a smooth handoff for both clients and employees. "We appreciate Ed's contributions and commitment to CompuCom," Mr. Joubran said.
Mr. Dixon said his priorities are to grow the business and expand the company's reach as a full-service provider of integrated products and services to its customers.
"This is an important moment in CompuCom's history. After a long period of uncertainty, we are now a privately held company with a clear mandate for growth," Mr. Dixon said.
"Our new owner, Platinum Equity, is a respected global investment firm that shares our vision for growing the business," he said. "The entire Platinum team, from CEO Tom Gores on down, will be great partners with CompuCom management as we develop a long-term strategic plan.
"That plan will focus on growth, especially on the services side of the business," Mr. Dixon said. "But even as we grow, our fundamentals will not change. We will continue to concentrate on advancing our core competency - combining our technology product capabilities with our national, high-quality IT services organization to meet clients' information systems needs.
"And we'll build on the foundation that has made us so successful - outstanding customers and outstanding associates," Mr. Dixon added. "Customer service will always be our top priority, and our associates are the best in the business at maintaining the highest level of day-to-day customer service," he said.
Mr. Dixon's initial tenure as CEO of CompuCom began in 1988, when Safeguard Scientifics purchased CompuShop, a division of Bell Atlantic. He led the merger of CompuShop and two other companies into CompuCom, and was appointed to head the integrated business.
Under his leadership over the next eight years, CompuCom significantly expanded its industry position and increased revenue from $159 million to $1.7 billion through a combination of organic growth and additional acquisitions. He left the company in 1996 and became a consultant and entrepreneur.
Most recently, he was CEO of Executive Consultants Inc., a company he formed in late 2001 that specializes in management consulting to IT service provider companies, and to investment firms involved in the acquisition of IT service providers.
Prior to forming Executive Consultants, Mr. Dixon was CEO and part owner of Broadreach Consulting Inc., which was formed in 1997 via the acquisition and merger of two IT staffing companies. Mr. Dixon's career also includes executive positions with Bell Atlantic and IBM. He has a BS degree in mechanical engineering from the University of Louisiana Tech.
Platinum Equity completed the acquisition of CompuCom in October. Previously, the company was publicly traded company (NASDAQ:CMPC). The all-cash transaction was valued at approximately $254 million, including the payment of $15 million plus accumulated dividends with respect to the company's outstanding preferred stock.
Based on purchase price, Platinum has calculated that the deal would rank 12th among about 100 public companies taken private so far in 2004.
About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O(SM) firm specialized in the merger, acquisition and operation of mission-critical services and solutions companies. Since its founding in 1995, Platinum Equity has acquired more than 40 businesses and built a portfolio of companies with more than 38,000 employees, more than 600,000 customer sites and annual revenues of nearly $8 billion. In 2003 Platinum Equity was named the 34th largest private company in the United States.
About CompuCom Systems, Inc.
CompuCom Systems, Inc., headquartered in Dallas, Texas, is a national leader in helping companies plan, implement and manage multi-vendor, industry standard computing environments. CompuCom's clients include Fortune 1000 enterprises, federal, state and local government, vertical industry leaders, major technology equipment providers, leading-edge systems integrators and wireless technology providers. CompuCom is accessible via the Internet at www.compucom.com