- Period: January 2024
- CategoryL Acquisition |
Florida-based Shyft Global Services, a unit of TD SYNNEX, took control of Cokeva, a Roseville, California-based provider of IT repair, test, and refurbishment services. With a workforce of more than 1,500 employees, Shyft acquires a smaller company with an estimated 200 employees. Shyft offers general IT asset management services that include ITAD but also supply chain, integration, deployment, maintenance services and support, repair, and IT asset disposition (ITAD). Shyft has locations in Groveport, Ohio; Warsaw, Poland; Tiel, Netherlands; and Tampines, Singapore. What Shyft acquired in Roseville are offices and facilities on 220,000 square feet used for standards repair and disposition tasks such as IT repair, engineering, screening and configuration, end of life (EOL), spare part management and warranty return management. The acquisition is an example of a small local player unable to sustain business and a larger entity looking to expand northern California, leveraging Cokeva depot repair service capabilities.