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.
Merino and Nick were supported in the transaction by Shawbrook bank.
Nick Shore of Multithread said: “The addition of Merino will help us as we target growth from these opportunities. And the quick decision-making of Shawbrook Bank ensured a swift completion of this deal, helping us to focus on growing 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.”