Who Owns TD SYNNEX?
TD SYNNEX is the corporate and go-to-market brand of TD SYNNEX Corporation, a publicly traded IT distributor listed on the NYSE under ticker SNX. The brand launched in September 2021 when Tech Data Corporation and SYNNEX Corporation completed a $7.2 billion merger. Dual-headquartered in Clearwater, Florida and Fremont, California, TD SYNNEX serves more than 150,000 customers in over 100 countries and reported $62.5 billion in revenue for fiscal year 2025.
Parent Company
Founded
2021
Status
Publicly Traded
Headquarters
GlobalOfficial Website
Who Owns TD SYNNEX?
- Parent Company: TD SYNNEX Corporation
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: SNX
| Brand | Parent Company | Ownership Type |
|---|---|---|
| TD SYNNEX | TD SYNNEX Corporation | Brand division |
History of TD SYNNEX
- Founded: 2021
- Founders: Merger of Tech Data Corporation and SYNNEX Corporation
The TD SYNNEX brand is new, but the name compresses two companies whose histories run back nearly a century combined. Tech Data was founded in 1974 in Clearwater, Florida by Edward C. Raymund, initially selling data-processing supplies before pivoting into personal computer distribution during the PC boom of the 1980s. It went public in 1986 and grew into the largest broadline technology distributor in the Americas before Apollo Global Management took it private in a 2019 transaction valued at approximately $6 billion.
SYNNEX was founded in 1980 in Fremont, California by Robert T. Huang as Compac Microelectronics, a distribution business connected to Taiwan's MiTAC group. It listed on the NYSE in 2003 and built strength in supply chain services and business process outsourcing. In 2011 its systems-integration unit created Hyve Solutions, the custom data center infrastructure business that later became the merged company's growth engine. Synnex spun off its Concentrix customer-experience subsidiary in December 2020.
The merger was announced on March 22, 2021 as a $7.2 billion combination that closed September 1, 2021, with SYNNEX shareholders taking about 55 percent of the combined entity and Apollo taking about 45 percent. Rich Hume, the former Tech Data CEO, led the new company, and the unified TD SYNNEX name replaced both predecessors in market-facing use across the following two years, though Tech Data branding persisted in some regional and legal contexts during the transition.
Under the single brand, the company consolidated distribution systems, launched a common technology platform, and integrated the StreamOne cloud marketplace. In September 2024, longtime executive Patrick Zammit succeeded Hume as CEO, leading a strategy built around a specialized portfolio weighted toward higher-growth technologies. Fiscal 2025 ended with record revenue of $62.5 billion and record fourth-quarter results driven by Hyve and Advanced Solutions growth.
About TD SYNNEX Corporation
What does TD SYNNEX own?
TD SYNNEX owns its global IT distribution businesses in the Americas, Europe, and Asia-Pacific, the wholly owned Hyve Solutions subsidiary that builds hyperscale infrastructure, and the StreamOne cloud marketplace platform. The company does not own consumer-facing retail brands; its value sits in vendor contracts, logistics infrastructure, and reseller relationships.
Is TD SYNNEX publicly traded?
Yes. TD SYNNEX trades on the New York Stock Exchange under the ticker SNX. It became a public entity through the 2021 merger of NYSE-listed SYNNEX with the Apollo-owned Tech Data. Ownership is now dispersed among institutional and retail shareholders.
Who founded TD SYNNEX?
TD SYNNEX was formed in 2021 by merger rather than by individual founders. Its predecessors were founded by Edward C. Raymund, who started Tech Data in Clearwater, Florida in 1974, and Robert T. Huang, who founded SYNNEX in Fremont, California in 1980.
Where is TD SYNNEX headquartered?
TD SYNNEX operates dual headquarters in Clearwater, Florida and Fremont, California, reflecting the legacy homes of Tech Data and SYNNEX respectively. Hyve Solutions is also headquartered in Fremont.
How many brands does TD SYNNEX own?
The company maintains a concentrated brand portfolio centered on the TD SYNNEX masterbrand and the Hyve Solutions subsidiary brand, along with platform brands such as StreamOne. Legacy Tech Data and SYNNEX names persist in some legal entities but have been consolidated under the corporate brand for go-to-market purposes.
Who owns TD SYNNEX?
TD SYNNEX is owned by its public shareholders. Apollo Global Management received roughly 45 percent of the company at the 2021 merger but has progressively reduced its stake through secondary offerings, and no single shareholder controls the company today.
What is TD SYNNEX's revenue?
TD SYNNEX reported revenue of $62.5 billion for fiscal year 2025, ended November 30, 2025, up 6.9 percent year over year. Non-GAAP gross billings, which include the full value of agent-basis transactions, were substantially higher at roughly $90 billion.
- Founded: 2021
- Headquarters: Clearwater, Florida, USA
- Company Type: Publicly Traded
- Stock: NYSE: SNX
- Revenue: $62.5 billion (FY2025)
- Employees: Approximately 23,000
Where Is TD SYNNEX Made / Based?
- Headquarters: Clearwater, Florida, USA
TD SYNNEX Categories & Tags
Brands Owned by TD SYNNEX Corporation
TD SYNNEX Ownership: Pros & Cons
Advantages
- +Public-company ownership provides transparent capital access for a working-capital-intensive business.
- +Merger scale gives the brand preferred allocation and economics from vendors during supply-constrained cycles.
- +Hyve Solutions supplies a differentiated growth story tied directly to AI and cloud infrastructure investment.
- +A unified global brand replaced two competing identities, concentrating channel marketing spend.
Considerations
- -The brand is meaningless to consumers and depends entirely on channel relationships for value.
- -Distribution margins are structurally thin, leaving the enterprise exposed to execution and working-capital risk.
- -Vendor concentration means the loss of a top OEM partner would materially affect the business the brand represents.
- -Dual-headquarters complexity is a permanent artifact of the merger structure.
Frequently Asked Questions About TD SYNNEX
Sources & Further Reading
Competitors to TD SYNNEX
No direct competitors found in the same category. This could be because TD SYNNEXoperates in a unique market segment or we're still building our competitor database.
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TD SYNNEX Corporation Stock Information
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