Exertis parent hits $600m North American revenue following latest acquisition

Acquisition by DCC follows entry to the US with deal for Stampede in July

Exertis' parent DCC now has a $600m North American distribution business after acquiring pro audiovisual outfit Jam Group in a deal which valued it at $170m (£130m).

The acquisition adds Montreal-based Jam's $323m to DCC Technology's revenue, adding to the deal for Stampede which was announced in July.

Aside from AV, Jam also specialises in the distribution of musical instruments and consumer electronics.

DCC Technology managing director Tim Griffin said: "Our acquisition of Jam represents the next step in DCC Technology's strategy to extend its geographic footprint and product range, strengthening our relationship with new and existing suppliers while also broadening our base of customers.

"Importantly, Jam's very strong service capability represents a significant step in DCC Technology's continued execution of its plans to provide specialist value-added services to all its vendors, resellers and retailers - bringing extensive brand reach and market access while simplifying the complex supply chain in our sectors."

Exertis stepped up its expansion plans earlier this year, announcing that former Dell EMC UK boss Griffin would head up DCC Technology. It announced the Stampede deal soon after.

DCC also released a pre-close trading update for the six-month period ending 30 September, in which it said that the operating profit of its tech arm is "strongly ahead" of the same period last year.