Controlling Shareholder Finalizes $300M Secondary Offering at Discount; Company Repurchases $30M

summarizeSummary

Ingram Micro's controlling shareholder, Platinum Equity, is selling approximately $300 million in a secondary offering at a discount, while the company concurrently repurchases $30 million of its own shares.

check_boxKey Events

• Controlling Shareholder Sells $300M in Secondary Offering

  Ingram Holdco, LLC, an investment vehicle of Platinum Equity, is selling 12,740,384 shares of common stock, totaling approximately $300 million. This offering could increase to $345 million if the underwriters' option to purchase additional shares is fully exercised.

• Offering Priced at a Discount to Market

  The shares are being offered at $26.00 per share, which is a discount compared to the last reported sale price of $28.04 on May 4, 2026.

• Company to Repurchase $30M Concurrently

  Ingram Micro Holding Corp. intends to concurrently repurchase $30 million worth of shares from the underwriters at the offering price, as part of its increased Stock Repurchase Program. This partially offsets the dilution from the secondary offering.

• No Proceeds to Company from Share Sale

  The company will not receive any proceeds from the sale of shares by the selling stockholder. The selling stockholder may use proceeds to repay a margin loan.

auto_awesomeAnalysis

This filing finalizes the terms and pricing of a significant secondary offering by Ingram Micro's controlling shareholder, Platinum Equity, which was initiated with an S-3ASR filing and news on May 5, 2026. Platinum Equity is selling approximately $300 million worth of common stock at $26.00 per share, representing a notable discount to the last reported market price of $28.04 on May 4, 2026. While the company itself will not receive proceeds from this sale, it intends to concurrently repurchase $30 million of shares from the underwriters, partially mitigating the dilutive effect on the public float. This transaction increases the supply of shares in the market and signals a liquidity event for the controlling shareholder, reducing Platinum Equity's beneficial ownership from 85.1% to 80.0% (or 79.3% if the underwriters' option is fully exercised).