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.

TD SYNNEX is young as a legal entity but built on two companies with more than a century of combined operating history.

Tech Data was founded in 1974 in Clearwater, Florida by Edward C. Raymund, initially selling data-processing supplies to hospitals and institutions before pivoting into personal computer distribution as the PC market exploded in the 1980s. Tech Data went public in 1986 and grew through decades of acquisitions in North America, Europe, and Latin America, becoming the largest broadline technology distributor in the Americas. In 2019 private equity firm Apollo Global Management agreed to take Tech Data private in a deal valued at approximately $6 billion, completing the acquisition in mid-2020. Tech Data operated as an Apollo portfolio company until the merger.

SYNNEX was founded in 1980 in Fremont, California by Robert T. Huang as Compac Microelectronics, a distribution business closely tied to Taiwan's MiTAC group. It listed on the NYSE in 2003 under ticker SNX and built a reputation for supply chain services and business process outsourcing alongside its hardware distribution. In 2011 its systems-integration unit began building custom data center infrastructure for large internet companies, work that became the Hyve Solutions subsidiary. Synnex spun off its Concentrix customer-experience business to shareholders in December 2020, sharpening its distribution focus ahead of the merger.

On March 22, 2021, SYNNEX and Apollo-owned Tech Data announced a definitive merger agreement valued at approximately $7.2 billion including net debt. The deal closed on September 1, 2021. Apollo received 44 million shares of SYNNEX common stock plus cash and debt refinancing, giving it roughly 45 percent of the combined company, while legacy SYNNEX shareholders held about 55 percent. Rich Hume, the former Tech Data CEO, became the combined company's first CEO, with former SYNNEX CEO Dennis Polk serving as executive chairman.

Post-merger integration consolidated systems, logistics networks, and go-to-market organizations while keeping the dual-headquarters structure in Clearwater and Fremont. Apollo progressively sold down its stake through secondary offerings in the years after closing, reducing its ownership to a minority position. Patrick Zammit, who joined Tech Data in the 1990s and ran its Europe and Asia operations, succeeded Hume as CEO in September 2024 after serving as chief operating officer.

Fiscal 2025, ended November 30, 2025, produced record results. Revenue reached $62.5 billion, up 6.9 percent, and fourth-quarter revenue of $17.4 billion and non-GAAP diluted EPS of $3.83 were both company records. Hyve's gross billings grew more than 50 percent in the quarter as hyperscale and AI data center demand accelerated. Management has framed the company's strategy around a "specialized business model" weighted toward higher-growth technologies rather than commodity hardware volume.

TD SYNNEX has faced limited major public controversy relative to its scale. The most notable corporate event was the antitrust and regulatory review of the 2021 Tech Data merger, which cleared after standard review and required no material concessions, though integration involved substantial restructuring and workforce adjustment as overlapping operations were combined.

The company, like other large distributors, manages ongoing regulatory obligations across more than 100 countries, including trade compliance, export controls on dual-use technology, and data protection regimes. None has produced a material publicly disclosed enforcement action in recent years. Hyve's dependence on a small number of hyperscale customers has drawn periodic analyst and press attention as a concentration risk rather than a controversy.