Systemax To Acquire CompUSA’s Assets and Stores
Systemax, the Port Washington, N.Y.-based parent company of TigerDirect, said it has entered into a definitive agreement to acquire selected CompUSA assets and stores. Completion of the transaction is subject to customary conditions and is expected to close during the first quarter.
Under the agreement, Systemax will buy the CompUSA brand, trademarks and e-commerce business, and as many as 16 CompUSA retail outlets, according to the company.
“We believe the value of the CompUSA brand remains very high. The company has a long legacy of value pricing, service and customer loyalty among consumers nationwide,” said Richard Leeds, Systemax CEO. “We view this acquisition as a strong complementary business to our TigerDirect operation.”