Climb Global Solutions is acquiring Douglas Stewart Software & Services, a separate division of the privately held Douglas Stewart Company. DSS is a Wisconsin-based, leading specialty distributor focused on SaaS solutions for education customers in North America. The acquisition enhances Climb’s presence in the region and bolsters its product portfolio. Climb closed on the acquisition of DSS for an aggregate purchase price of $20.3 million payable at closing, plus a potential post-closing earn-out. Climb funded the acquisition of DSS utilizing cash from the company’s balance sheet. For the trailing twelve months, ending June 30, 2024, DSS reported adjusted EBITDA of approximately $5.3 million, which was up 10% over the same period in the prior year.
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