1. Synnex

Company acquired: Minacs Group

Head count: 21,000 employees

Annual revenue: $400 million

Purchase price: $420 million

Date of announcement: July 11

Synnex acquired business process outsourcing company Minacs Group for $420 million last month to build up its Concentrix global services division.

This is the first acquisition the Fremont, Calif.-based distributor has made in the last two years and is intended to increase Concentrix’s capabilities in the automotive industry while boosting its marketing and Internet of Things (IoT) solutions.

Minacs, based in Oshawa, Ontario, Canada, has U.S. operations based in Farmington Hills, Mich.