Comms VAR Arrow Business Communications has taken private equity investment from MML Capital Partners to spruce up its buy-and-build strategy.
The deal has handed the firm a £50 million to continue its cunning plan of buying anything which is not nailed down. So far the company has bought eight businesses its most recent acquisition came in December, in the form of comms provider BTL Communications.
Arrow has made changes to its leadership, with previous CEO Chris Russell taking on the role of chairman and Richard Burke, who joined the business in 2017 becoming CEO.
MML has taken a majority stake in the business, with previous partner GCP exiting the business.
Russell said: “I am immensely proud of what we have achieved as a team over the last three years, maintaining industry-leading employee engagement scores and a remarkable culture while experiencing continuous growth.”
Arrow now sells more energy than IT and telecoms combined, Russell told CRN last year.
Richard Shaw, partner at new private equity backer MML, said: “We are delighted to be partnering with Arrow in its next phase of growth. Arrow’s market-leading customer service and unique product portfolio provide a differentiated offering for its customers, which is supported by its exceptional company culture.”
