MultiThread Consultants completes MBO

Wireless network distributor MultiThread Consultants has undergone a management buyout (MBO) following its acquisition by Merino Private Equity.

The Ipswich-based consultant and distribution player has seen its revenues improve by 30% over the course of the pandemic and wanted to use an MBO to support future growth ambitions.

Plans for the new leadership include an expansion of the product range and training programs to capitalize on the growing opportunities around hybrid work.

Research earlier this summer from TalkTalk found that working from home (WFH) had become mainstream over the course of the pandemic, with three-quarters (74%) of employers saying that with formalized WFH arrangements, they now view an employee’s home workspace as an extension of their workforce. office. Nearly nine in ten companies (86%) said their employees were in favor of flexible work policies, and 80% agreed that this is a good idea for the company and employees.

Nick Shore, who has spent more than two decades with the company, most recently as CTO, becomes CEO and takes over the helm of the distributor.

“New connectivity standards mean companies can enhance their IT network infrastructure with wireless solutions,” he added.

“This creates an opportunity for us and our installer partners to work with organizations to help them facilitate the new hybrid ways of working that have emerged over the past two years, and to build on the success we already have by helping organizations adapt. their infrastructure to meet new demands.”

“The addition of Merino will help us pursue growth from these opportunities. And Shawbrook Bank’s swift decision-making enabled us to close this deal quickly, allowing us to focus on growing the business with the support of our new owners.”

Jack Kinnersley, investment director at Merino Private Equity, said it saw the opportunity for MultiThread Consultants and supported the management team to deliver: “The company has built a great reputation for high service levels and an attractive product range.”

MultiThread’s change of course also involves the support of Shawbrook Bank. Oliver Sutton, relationship director at the finance specialist, said the MBO made sense and that Shore and his team were the right management to keep the growth going.

“The arguments to support this change of ownership were extremely strong. Nick and his team’s years of expertise position the company well for tapping into a thriving market supported by changing work patterns and new technologies,” he said.

“We have worked closely with the MultiThread Consultants team to understand the business model and working capital cycle so that we have provided the new owners with a financing package with conditions that enable growth,” he added.


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