Arrow Business Communications has acquired IT consultancy and solutions provider Circle Group – the VAR’s fifth acquisition so far this year. Yes, M&As are them.
Circle made £25 million in annual revenues after getting is paws on Fabric IT earlier this year. It offers services in areas including managed IT support, Microsoft Cloud and cybersecurity.
Arrow which was somewhat proud of its £50 million war chest for acquisitions from private equity firm MML Capital Partners at the start of this year, has also bought collaboration solutions provider Pescado, cloud MSP AIMES, SD WAN service provider UK-tec and networking business Complete Networks this year.
Arrow Business Communications CEO Richard Burke said: “I believe this acquisition completes Arrow’s solution portfolio and ensures we continue to provide relevant solutions across our three customer demographics of enterprise, public sector and mid-market.
“I am really excited to welcome the Circle and Fabric teams into the Arrow family. The cultural alignment of the businesses has stood out throughout the acquisition process, which in addition to the high level of technical skill sets across the organisations that will enhance Arrow’s cloud, Microsoft and networking capability even further following recent acquisitions, I’m sure the partnership moving forward will be a great success”.
Circle works with Dell and HPE Aruba and has UKTV, Harrison Clark Rickerbys and Cardiff University among its customers.
Circle founder and owner, Roger Harry, will become a major shareholder within the Arrow Group as part of the acquisition and “will play a pivotal role in the strategy and the growth of the business moving forward”, Arrow said.
