2024-04-14 05:10:00 ET
Summary
- Climb Global Solutions differentiates itself from broadline distributors such as Arrow, TD Synnex or Ingram Micro through deep expertise with the limited number of products it distributes.
- CLMB is unique in the specialty distribution space given that it focuses almost exclusively on software distribution.
- CLMB's M&A ambitions are more than just financial engineering, they are also sound strategic uses of capital.
- CLMB clearly deserves a premium multiple to broadline distributors given stronger revenue growth rates.
The following segment was excerpted from this fund letter.
Climb Global Solutions ( CLMB )
Summary Investment Thesis
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For further details see:
Headwaters Capital - Climb Global Solutions: The Middle Man For The Middle Man