Chiltern Capital's acquisition of Intec Microsystems has put the IT distributor on track to hit £100m-plus revenue within 12 months.
The growth plan will be overseen by incoming Executive Chairman and industry veteran Alan Cantwell (pictured). A key element of his strategy is to significantly boost the current 2,500 customer base by targeting the 8,000 VARs operating in the UK.
“Our management team and staff have the knowledge and expertise for growth," he stated. "We’ll fill any gaps in the business by recruiting more expertise and with the investment we we can afford to be more competitive in the market.”
The business will continue to be run by directors Andy Russell, Ian Whatton, John Lester and Stuart Hall.
Chiltern Capital Investment Director Joe Bennett said: "Intec Microsystems has delivered impressive growth in recent years and the combination of the existing management team supported by Alan’s sector experience positions the business well for the future.
Cantwell, who has worked in the IT distribution channel for more than 40 years, added: “We don’t want to be the best kept secret anymore. We’re moving up the value chain and our goal is to deliver growth by working in close collaboration with our vendors and expanding our product and services offering.”
He said five new manufacturers will be named over the coming months.