April 2 (Reuters) - U.S. private equity firm Clayton

Dubilier & Rice (CD&R) said on Tuesday it had agreed to acquire

a majority ownership position in information technology provider

Presidio from UK-based BC Partners.

CD&R said private equity firm BC Partners will continue

to retain a minority ownership position in the company as part

of the deal, whose terms were not disclosed.

Presidio has more than 6,660 customers and provides secured

cloud-based technology to organizations ranging from government

agencies to businesses such as Amazon.com ( AMZN ), Cisco

Systems ( CSCO ), Microsoft ( MSFT ) and Google.

The company has had several private equity owners since it

was founded in 2003.

American Securities acquired Presidio in 2011 for an

undisclosed amount and had sold it to New York-based Apollo

Global Management Inc ( APO ) three years later for about $1.3

billion, Reuters reported at the time.

BC Partners had acquired the company in 2019 and delisted it

from the Nasdaq in a $2.1 billion take-private deal, two years

after Apollo Global took it public.

Presidio had acquired several smaller rivals, including

Irish IT consulting firm Arkphire and Charlotte, North

Carolina-based ROVE, under BC Partners' ownership.

In 2022, sources told Reuters that BC Partners was exploring

Presidio's sale that could value the technology services and

solutions provider at more than $4 billion including debt.

CD&R said that the transaction was expected to close in the

second quarter of 2024. It did not immediately respond to a

request for comment seeking additional information on the stake

held in Presidio.

CD&R primarily invests in businesses that span a broad range

of industries, including industrial, healthcare, consumer,

technology and financial services end-markets.