Wayside Technology Group acquires EMEA channel distributor Spinnakar for £9.75M

Climb Global Solutions, Inc.

Purchase price of £9.75M ($11.8M) payable at closing, plus potential earn-out; funded from cash on hand.
Spinnakar reported pre-tax income of $2.0M for trailing 12 months ended July 31, 2022.
Acquisition adds 15+ vendor partners including Vast Data; expected to be accretive to gross margin and EPS.
Founder and CEO Gerard Brophy to continue leading Spinnakar and join Wayside as a Managing Director.

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