Synnex Canada Ltd. Bundle
Who Really Owns Synnex Canada Ltd.?
Unraveling the ownership structure of Synnex Canada Ltd. SWOT Analysis is key to understanding its strategic moves and market dominance. The 2013 acquisition of Supercom Canada Ltd. significantly boosted its presence in the Canadian market, expanding its product and service offerings. But who ultimately calls the shots at this major Canadian IT distributor?
Synnex Canada Ltd., a cornerstone in the tech supply chain since 1980, is a wholly-owned subsidiary. Its parent company, Synnex Corporation (NYSE: SNX), a global distributor with a vast reach, holds the reins. This exploration will examine the ownership dynamics, revealing how these relationships influence Synnex Canada's trajectory in the competitive landscape, and provide insights into its financial reports and leadership team.
Who Founded Synnex Canada Ltd.?
The story of Synnex Canada Ltd. begins in 1980. The company was established as a wholly-owned subsidiary, which means its ownership was directly tied to its parent company, initially SYNNEX Corporation. This structure meant that from the very start, the parent company held complete control over Synnex Canada Ltd.
While specific details about the initial ownership structure of Synnex Canada Ltd. as a separate entity are not easily available, its status as a subsidiary clarifies its ownership from the beginning. The focus was on IT distribution, supply chain management, and business process outsourcing, mirroring the broader vision of SYNNEX Corporation.
The founding of Synnex Canada Ltd. was a strategic move by SYNNEX Corporation to expand its footprint in the Canadian market. This approach allowed the parent company to leverage its expertise and resources to establish a strong presence in Canada.
Early Ownership
Synnex Canada Ltd. was initially a wholly-owned subsidiary of SYNNEX Corporation.
Acquisition Strategy
SYNNEX Corporation used acquisitions to grow, such as the 2004 purchase of EMJ Data Systems Ltd.
Leadership Integration
Acquisitions included integrating leadership, like Jim Estill from EMJ Data Systems Ltd.
Parent Company Control
As a subsidiary, Synnex Canada Ltd. operated under the complete control of SYNNEX Corporation.
Business Focus
The business model focused on IT distribution, supply chain management, and business process outsourcing.
Early Vision
The founding team's vision for SYNNEX Corporation extended to its Canadian subsidiary.
The acquisition of EMJ Data Systems Ltd. in 2004 is a key example of how SYNNEX Corporation integrated other companies into its structure. Jim Estill, the President and CEO of EMJ, joined SYNNEX Canada as an employee for five years. This integration strategy highlights how SYNNEX Corporation aimed to strengthen its market position and leadership within the Canadian IT distribution sector. The company's focus on IT distribution and related services has been a consistent theme throughout its history, adapting to changing market demands while maintaining a strong presence in the Canadian market. In 2024, the IT distribution market in Canada is estimated to be worth billions of dollars, with companies like Synnex Canada Ltd. playing a significant role. The company's ability to adapt and integrate new technologies and services will be critical for its continued success.
Key Takeaways
The early ownership of Synnex Canada Ltd. was entirely within SYNNEX Corporation.
- Founded in 1980 as a subsidiary.
- SYNNEX Corporation's acquisition of EMJ Data Systems Ltd. in 2004.
- Focus on IT distribution, supply chain, and business process outsourcing.
- Jim Estill, former CEO of EMJ, joined SYNNEX Canada.
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How Has Synnex Canada Ltd.’s Ownership Changed Over Time?
The ownership of Synnex Canada Ltd. has been closely tied to its parent company, evolving significantly with corporate mergers. Initially, Synnex Canada Ltd. operated as a wholly-owned subsidiary of Synnex Corporation. A pivotal change occurred in 2021 when Synnex Corporation merged with Tech Data, forming TD SYNNEX Corporation. This merger transformed TD SYNNEX into the largest IT distributor worldwide, reshaping the landscape of the Canadian IT distributor market and impacting Synnex Canada ownership.
At the conclusion of the merger, former Synnex shareholders held a 55% stake in TD SYNNEX, while Apollo Global Management, the previous owner of Tech Data, held 45%. This restructuring was a major event in the history of Synnex Canada Ltd., influencing its operational and financial strategies within the broader context of TD SYNNEX Corporation.
| Key Event | Date | Impact on Ownership |
|---|---|---|
| Synnex Corporation and Tech Data Merger | 2021 | Formation of TD SYNNEX Corporation; former Synnex shareholders held 55% ownership. |
| TD SYNNEX Institutional Ownership | June 5, 2025 | Institutional owners held a substantial portion of shares. |
| Share Price as of June 5, 2025 | June 5, 2025 | Share price was $121.33 per share. |
As of June 5, 2025, TD SYNNEX Corporation (NYSE: SNX) had 1063 institutional owners and shareholders. The largest institutional shareholders include FMR LLC, Vanguard Group Inc., and BlackRock, Inc. MiTAC Holdings Corporation also holds a notable stake of 5.65%. The share price as of June 5, 2025, was $121.33 per share. This distribution of ownership highlights the significant institutional interest in the company and its strategic importance within the IT distribution sector.
Ownership Structure of Synnex Canada Ltd.
The ownership of Synnex Canada Ltd. is primarily determined by the structure of its parent company, TD SYNNEX Corporation. The merger of Synnex Corporation and Tech Data in 2021 significantly altered the ownership landscape.
- TD SYNNEX is the parent company.
- Institutional investors hold a significant portion of the shares.
- MiTAC Holdings Corporation holds a notable stake.
- The share price as of June 5, 2025, was $121.33 per share.
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Who Sits on Synnex Canada Ltd.’s Board?
Since Synnex Canada Ltd. is a wholly-owned subsidiary, its governance is directed by the board and leadership of its parent company, TD SYNNEX Corporation. Understanding the structure of TD SYNNEX is key to understanding the operational direction of Synnex Canada. The decisions made at the parent level directly influence Synnex Canada's strategies and operations as a leading Canadian IT distributor.
As of June 2025, the board of directors of TD SYNNEX Corporation includes Ann Vezina as Chair of the Board, and Patrick Zammit as Chief Executive Officer and Director. Other key members include Kathleen Crusco, Ting Herh, Rich Hume, Kenneth Lamneck, Nayaki Nayyar, and Dennis Polk. Kenneth Lamneck was appointed Chair of the Nominating and Corporate Governance Committee in April 2025. These individuals collectively shape the strategic direction and oversee the operations of TD SYNNEX, which in turn impacts Synnex Canada's activities.
| Board Member | Title | Additional Roles |
|---|---|---|
| Ann Vezina | Chair of the Board | |
| Patrick Zammit | Chief Executive Officer and Director | |
| Kathleen Crusco | Director | |
| Ting Herh | Director | Founder and Chair of Davicom Semiconductor, Inc., Board Member of United Integrated Services Co. and MiTAC Holdings Corp. |
| Rich Hume | Director | Board Member of The Allstate Corporation and the Pancreatic Cancer Action Network |
| Kenneth Lamneck | Director | Chair of the Nominating and Corporate Governance Committee (appointed April 2025) |
| Nayaki Nayyar | Director | |
| Dennis Polk | Director | Hyve Executive |
The voting structure at TD SYNNEX Corporation is generally one-share-one-vote. At the Annual Meeting of Stockholders on April 2, 2025, shareholders approved amendments to the company's Restated Certificate of Incorporation regarding voting requirements and liability limitations. There have been no recent significant proxy battles or activist investor campaigns reported for TD SYNNEX Corporation. For more insights into the company's strategic positioning, consider exploring the Target Market of Synnex Canada Ltd.
Key Takeaways on Synnex Canada Ltd. Ownership
Synnex Canada Ltd. is a wholly-owned subsidiary of TD SYNNEX Corporation, which controls its governance and strategic direction.
- The board of directors of TD SYNNEX Corporation, including individuals like Ann Vezina and Patrick Zammit, makes key decisions.
- Shareholder votes, such as those in April 2025, reflect the company's governance practices.
- Understanding TD SYNNEX's structure is crucial for grasping Synnex Canada ownership and operations.
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What Recent Changes Have Shaped Synnex Canada Ltd.’s Ownership Landscape?
The most significant development impacting Synnex Canada Ltd.'s ownership profile in recent years was the 2021 merger of its parent company, Synnex Corporation, with Tech Data. This merger formed TD SYNNEX Corporation, creating one of the largest IT distributors globally. This strategic move reshaped the ownership structure and market position of the company.
TD SYNNEX Corporation's recent financial performance indicates a strong trajectory. For the fiscal second quarter of 2024, revenue reached $13.9 billion, with a net income of $144 million. In the fiscal first quarter of 2025, revenue further increased to $14.5 billion, marking a 4.0% rise from the prior year. Furthermore, non-GAAP gross billings for the same period were $20.7 billion, an increase of 7.5%. The company also demonstrates a commitment to shareholders, with a quarterly dividend of $0.40 per share in fiscal Q2 2024, reflecting a 14% increase from the previous year, and $0.44 per common share in Q1 2025. Moreover, TD SYNNEX repurchased $254 million in shares during fiscal Q2 2024.
| Metric | Fiscal Q2 2024 | Fiscal Q1 2025 |
|---|---|---|
| Revenue | $13.9 billion | $14.5 billion |
| Net Income | $144 million | N/A |
| Non-GAAP Gross Billings | N/A | $20.7 billion |
| Dividend per Share | $0.40 | $0.44 |
Leadership changes at TD SYNNEX include Patrick Zammit assuming the CEO role effective September 1, 2024, succeeding Rich Hume, who remains on the board. Reyna Thompson was appointed President of North America, effective December 1, 2024. Industry trends show increased institutional ownership in TD SYNNEX. As of June 5, 2025, institutional investors hold 81.97% of the shares. The IT market is experiencing significant shifts, with worldwide IT spending increasing by 6.2% in 2024, reaching $4.9 trillion. TD SYNNEX is actively preparing its partners for these market evolutions, including a new specialized community structure called PartnerLINK, launched in April 2025, which includes a specific community for Canada-based partners.
Synnex Canada Ownership Overview
The merger of Synnex Corporation and Tech Data formed TD SYNNEX, the parent company. Institutional investors hold a significant portion of the shares. The company demonstrates a commitment to shareholders.
Recent Financial Performance
TD SYNNEX reported $13.9 billion in revenue for fiscal Q2 2024. Fiscal Q1 2025 saw revenue increase to $14.5 billion. Non-GAAP gross billings were $20.7 billion in fiscal Q1 2025.
Leadership and Market Trends
Patrick Zammit became CEO in September 2024. Reyna Thompson appointed President of North America in December 2024. The IT market is experiencing growth, driven by AI.
Shareholder Value and Future Outlook
TD SYNNEX offers a quarterly dividend. The company is actively preparing its partners for market changes. TD SYNNEX is focused on shareholder value.
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