Following a drop off in activity last year, the UK channel saw some sizeable M&A moves in the first quarter of 2024.
Private-equity investors continued to pick off targets, albeit at a reduced rate, with Kerv and Kick ICT both swapping PE backers and Equity Networks bagging investment from Coniston Capital.
It was trade buyers, however, who stole the show in Q1.
Here we round up some of the biggest trade acquirers of the moment on IT Channel Oxygen’s radar, based on the size of company or companies they snapped up in Q1, deal significance, and recent M&A form.
9. Redsquid
Q1 deals: Epoq IT
M&A agenda
Despite making just one small acquisition so far in 2024, Redsquid is on an M&A roll.
The certified B Corp acquired 12-employee Epoq IT in March, following on from its double swoop on MSP Covue and Telecoms Provider Connect2 last summer.
Headquartered in Hertfordshire, Redsquid is owned by its two founders, CEO Sohin Raithatha and COO Vince Mignacca.
What they said
“Acquiring Epoq is an important step for Redsquid and our growth journey – only seven months after the last two acquisitions in the summer. This underpins our growth strategy, and our dedication to providing innovative and sustainable solutions to our customers,” – CEO Sohin Raithatha
Dazzling detail
The deal was funded by investment manager Triple Point, which is itself a B Corp. It will stay as a dedicated funding line for future acquisitions.
“With a strong partnership and shared values, we can keep growing as part of our strategy to buy and build,” Redsquid said.
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