Arrow has announced the completion of a strategic investment by Growth Capital Partners (GCP) in order to fast track growth and secure future M&A activity.
Recent strategy has seen Arrow completing seven acquisitions in the last six years and whilst this has seen the business nearly treble in size and transform from its mobile roots to a much broader based business communications supplier, the Arrow team are focused on complementing organic growth with larger acquisition opportunities which strengthen their hosted, data and IT services portfolio.
Chris Russell, CEO of Arrow Business Communications, commented “I am delighted that GCP has become a major investor in our business and look forward to working in partnership with them in order to help Arrow continue to flourish. GCP has an excellent reputation for supporting SME businesses in the UK and we welcome their support, experience and enthusiasm.”
Arrow and GCP will work in partnership moving forward with both parties holding a 50% shareholding in the business. Led by Chris Russell and the current management team, Arrow will continue to operate from the same 5 locations delivering a personal level of support to their base of customers throughout the UK.
Chris Russell, CEO of Arrow Business Communications, commented “We knew that GCP were the partner for us from the moment that we met them and I am delighted that we have been able to complete this deal. This is testament to the hard work contributed by the Arrow team over the last 6 years.”
Richard Shaw, Investment Director at GCP, commented: “We are delighted to have completed an investment to support the exciting growth plans of the Arrow management team. With a market position supported by exceptional levels of service differentiation and a proven buy and build track record, Arrow is ideally placed to benefit from continued business communication convergence. With our funding support and technology sector M&A experience we look forward to supporting the next stage of the buy and build strategy.”