Inside Tech Data: What the CEO told workers about the $5.4B sale to a private equity group


    Tech Data will be more agile and will have a longer-term focus as a privately held company, while retaining its values and culture, CEO Rich Hume told workers at a town hall meeting.

    Hume addressed all of Tech Data’s 14,000 employees worldwide in the town hall, which was streamed globally on Wednesday, just hours after the Clearwater-based IT distribution company announced it agreed to be acquired by private equity firm Apollo Global Management in a deal valued at $5.4 billion.