NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Presidio, Inc. (NASDAQ:PSDO), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers, today announced that AP VIII Aegis Holdings, L.P., an affiliate of investment funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) intends to offer for sale in an underwritten secondary offering 4,000,000 shares of the Company’s common stock pursuant to the shelf registration statement (File No. 333-224462) filed by the Company with the Securities and Exchange Commission on April 26, 2018.
Upon completion of the proposed offering, Aegis LP will own 40,050,000 shares of the Company’s common stock. Upon completion of the proposed offering, the Company will no longer qualify as a “controlled company” within the meaning of the NASDAQ corporate governance requirements. The Company is not selling any shares and will not receive any proceeds from the proposed offering.
J.P. Morgan is acting as the sole underwriter for the proposed offering. The closing share price of the Company’s common stock on February 7, 2019 was $15.85. The Company filed a shelf registration statement (including a prospectus) with the SEC on April 26, 2018 for the offering that became effective on May 2, 2018. Before making any investment decision, you should read the registration statement, prospectus and prospectus supplement in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the proposed offering.
ABOUT PRESIDIO
Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design. By taking the time to deeply understand how our clients define success, we help them harness technology advances, simplify IT complexity and optimize their environments today while enabling future applications, user experiences, and revenue models. As of June 30, 2018, we serve approximately 8,000 middle-market, large, and government organizations across a diverse range of industries. Approximately 2,900 Presidio professionals, including more than 1,600 technical engineers, are based in 60+ offices across the United States in a unique, local delivery model combined with the national scale of a $2.8 billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry.
