PC Connection (PCCC -0.6%) has acquired Philadelphia-based Softmart, an IT solution provider to thousands of customers.
Terms weren't disclosed, but PC Connection has purchased certain assets and liabilities in the deal. Software will continue to operate under that name, and Softmart founder Richard Sloane will leave the company to pursue other interests.
Softmart has 200-plus employees and generated about $200M in revenue last year. PC Connection expects the deal to be accretive to earnings.