4. boxxe
Deals announced in 2025: 1 (CAE – July)
Deal magnitude: £160m revenues
Appetite for M&A
“To be relevant, we have to scale,” boxxe CEO Phil Doye said as he opened up on his rationale for acquiring CAE in July.
Doye said the deal for the £160m-revenue Microsoft, Cisco and Dell partner will propel boxxe’s runrate revenues to “broadly” £650m, taking it one step closer to its £1bn goal.
It follows its February 2024 acquisition of £90m-revenue Total Computers. Private sector-leaning Total and CAE both add muscle outside boxxe’s traditional public sector stomping ground.
What they said
“Whilst the £1bn is an arbitrary number, if you get there you’ve effectively demonstrated you have enough scale to be able to compete with the large competitors. There isn’t some magic thing that happens when you get to £1bn. It just demonstrates the degree of scale and that to me is hugely important,” – boxxe CEO Phil Doye
Background bulletin
York-based boxxe’s strategic goal is to make one acquisition a year, Doye told us.
See next page for 3 even more acquisitive resellers, MSPs and consultancies…
