11. inTEC
Deals announced in 2023: 2 (Sweethaven – July, Frog IT Services – February)
Appetite for M&A
This Manchester-based ‘group of ICT specialists’ is fast establishing itself as one of the UK channel’s most acquisitive companies.
The Microsoft partner has announced two acquisitions already in 2023 (having closed four in 2022) in the shape of Cambridge-based Frog IT Services and Surrey-based Sweethaven.
The latter– its 14th since 2016 – was designed to add might with vendor Google and extend its presence in the schools market.
inTEC bagged a respective £1.75m and £2.8m in follow-on funding from Duke Royalty to fund the two acquisitions (bringing Duke’s total investment in the company to £23.9m).
Fun fact
Sweethaven began life as a sweet shop 46 years ago.
What they said
“That sweet shop began to sell computers over the ice cream counter, which then turned into 3 shops selling computers over the counter, to eventually transition from IT retail into the award-winning Managed Service Provider that we are today,” – Sweethaven CEO Melissa Rambridge (who will now become Director of Education and Business South for inTEC).
