Acquisitive Kick ICT Group is celebrating its eighth deal in seven years after buying Consilium UK for an undisclosed sum.
Founded in 2015 and led by technology entrepreneur Tom O鈥橦ara, Glasgow-based Kick has delivered 30 per cent revenue growth this year.
With the acquisition of Consilium UK, Kick will see run rate turnover increase to 拢25m, profit before tax to 拢4m and recurring revenues to 拢19m.
Kick now employs 160 staff and expects numbers to increase further following the launch of the Kick Academy, a project aimed at recruiting and developing school leavers and graduates.
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In 2021 the company received an 拢8.7m investment from BGF, the UK and Ireland鈥檚 most active investor, with the aim of encouraging Kick鈥檚 strong upward trajectory, achieved through a mixture of organic growth and M&A activity.
As well as the investment, Geoff Neville was appointed chairman following an introduction via the BGF Talent Network, which is the UK鈥檚 largest pool of non-executive directors.
Tom O鈥橦ara, CEO of Kick ICT, said: 鈥淜ick has made excellent progress during the last year including integrating the three acquisitions we made in 2021.
鈥淭he addition of Consilium sees us create an outstanding and unrivalled technical team. I鈥檓 delighted to welcome our new customers from Consilium and very much look forward to working with them. In addition, it鈥檚 great that our new customers will take us over one of our early milestone objectives of working with 1000 customers across the UK.鈥�
Richard Pugh, investor at BGF, said: 鈥淭his acquisition will broaden Kick ICT鈥檚 already outstanding service offering and client base. We will now continue to work closely with Tom and the wider management team as the company continues to grow its scale, capabilities and presence.鈥�
The acquisition of a specialist technical services provider with a presence in London is a key strategic move in Kick鈥檚 ongoing growth strategy and focus as a leading IT services supplier to the UK market.