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’Hara, 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 £25m, profit before tax to £4m and recurring revenues to £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 £8.7m investment from BGF, the UK and Ireland’s most active investor, with the aim of encouraging Kick’s 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’s largest pool of non-executive directors.
Tom O’Hara, CEO of Kick ICT, said: “Kick has made excellent progress during the last year including integrating the three acquisitions we made in 2021.
“The addition of Consilium sees us create an outstanding and unrivalled technical team. I’m delighted to welcome our new customers from Consilium and very much look forward to working with them. In addition, it’s great that our new customers will take us over one of our early milestone objectives of working with 1000 customers across the UK.”
Richard Pugh, investor at BGF, said: “This acquisition will broaden Kick ICT’s 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.”
The acquisition of a specialist technical services provider with a presence in London is a key strategic move in Kick’s ongoing growth strategy and focus as a leading IT services supplier to the UK market.