8. Kick ICT acquired by LDC
When: January
Magnitude
Ranking 222nd in the recent Oxygen 250, Kick ICT claims its revenue runrate currently stands at around £30m.
Rationale
The Bellshill-based outfit – which bills itself as Scotland’s largest independent IT managed service provider – swapped private equity backers in January, with LDC coming in to replace incumbent BGF.
The fresh investment will help Kick ICT turbo charge its expansion into England, CEO Tom O’Hara told IT Channel Oxygen.
What the CEO said
“The team at LDC have a great deal of hands-on experience in helping businesses like ours to grow through acquisition, making them the perfect partner as we expand our presence in Scotland and across the UK,” Tom O’Hara
Fun fact
The move cements LDC’s status as the UK IT channel’s most prolific investor, with Onecom, Acora, Red Helix, DSP and (until recently) Kerv among the other IT solutions providers in its portfolio.
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