Wireless networking distributor MultiThread Consultants has undergone an management buyout (MBO) led by Nick Shore and Merino. The Ipswich-based consultant and distribution player has seen its revenues improve by 30% over the course of the pandemic, and looked to partner with us as a means of supporting future growth ambitions.
Nick Shore, who has more than two decades with the firm, most recently as CTO, will become managing director and take the helm at the distributor.
Our plans for the business include expanding the product range and training programmes to tap into the growing opportunity around hybrid working. Market intelligence suggests an increased number of individuals will be working from home which necessitates new standards of connectivity to be installed across the UK’s properties.
Nick Shore of Multithread said: “We are delighted to be partnering with Merino as we look to continue the growth of the business with the support of our new owners.”
Jack Kinnersley of Merino said: “The business has built a great reputation off the back of high service levels and a compelling product range. We look forward to working with Nick and the team to continue to build this reputation and grow the company.”