1. boxxe
Q1 acquisition activity: Total Computers
M&A agenda
Announced at the end of January, boxxe’s blockbuster purchase of Total added £90m to the public sector-focused outfit’s top line and turbo charged its prowess in the private sector.
The move comes 14 months after boxxe CEO Phil Doye took a minority stake in Kettering-based Total. The duo ranked 12th and 56th in in IT Channel Oxygen’s Oxygen 250 report, respectively.
What they said
“In the four-and-a-half years I’ve been at boxxe, we’ve done pretty well growing in a lot of ways, but we’ve grown within our swim lane.
“Total was probably the best fit for the boxxe business. It gives us a real foothold in the corporate space, and with the acquisition of OverBright it has some higher-end consultancy skills which are going to be really useful for us,” – Phil Doye
Dazzling detail
Doye currently invests directly in around 15-20 firms, including not only boxxe and US IT solutions provider Ahead Group, but also fintech unicorns Revolut and Klarna.
“I’m very bullish on the channel. So you’re likely to see more investments,” Doye told IT Channel Oxygen, however.
