Agilitas IT Solutions, is delighted to announce the completion of a management buy-out led by Shaun Lynn alongside significant investment from the international private equity and growth equity investor Perwyn.
Perwyn have acquired a majority stake in Agilitas and will support the team’s growth ambitions including international expansion, service acceleration and potential M&A. Perwyn has a proven track record of taking ambitious companies on the next stages of their growth journey by providing institutional backing to support such growth initiatives.
The COVID pandemic has highlighted how Inventory-as-a-Service market maker Agilitas has become a hugely resilient business in a channel market with an increased propensity to outsource non-core, sub-scale operations to specialists such as Agilitas who offer no competitive threat.
Agilitas channel partners can expect no immediate changes to the business, with the existing management team still in place to lead the next phase of the Agilitas journey. The appointment of Bill Wilson as the new Chairman is the only addition. Bill brings many years of Senior Management and Non-Executive Chairman experience in leading global supply chain businesses. Bill’s appointment will provide Agilitas with invaluable knowledge and guidance in the months and years to come.
Shaun Lynn, CEO Agilitas, comments: “Since leading the original MBO back in 2014, Agilitas has been on an incredible journey to position itself as the leading services partner of choice to the Channel. The team and I share immense pride in this achievement. However, we are even more excited for what lies ahead. To achieve our ambitions, it was critical to select an investor who not only shared our growth ambitions but also aligned to our values and corporate culture. In Perwyn we believe we have found this investor. From the very first time we met, both the team and I could see they shared the same values and ambitions, and they will bring a wealth of knowledge and know-how to our business.”
Andrew Wynn and Mark Blower, Partners at Perwyn, commented: “The team at Agilitas, led by Shaun, has delivered significant organic growth and developed a reputation for service excellence. We are excited to be partnering with them and supporting the clear vision they have for the business over the coming years. The investment aligns perfectly with Perwyn’s core investment thesis of backing high growth businesses pursuing international expansion and M&A”
Lynn goes on to say, “The partnership with Perwyn is great news for our channel partners, as it equips us with a superior toolkit to propel us onto the next level, by expanding our services portfolio and geographic footprint.”
As the leading provider of customer driven IT channel services, Agilitas are passionate and committed to demystify technology for our channel partners, making sure that every digital problem is solved with a business solution. Partners include value-added-resellers, managed service providers, system integrators, born in the cloud firms, vendors and distributors.
With a channel-only approach, Agilitas are the perfect complement to any services portfolio. Our vendor agnostic expertise enables us to deliver ‘as-a-solution’ service wraps that are focussed purely on a business outcome. Whether that is expanding geographic reach, enhancing service performance, reducing operational overhead, or improving a service proposition.
Our passionate team of experts, also known as our innovators, pride themselves on exceeding expectations and supporting in a way that empowers our channel partners in this digital age.
Agilitas IT Solutions Limited is based in Nottingham, UK.
For more information, please visit www.agilitas.co.uk or follow on Twitter at @AgilitasIT
Ed Brentnall and Ros Jones of Dow Schofield Watts Transaction Services undertook vendor due diligence on behalf of the sellers and buy-side due diligence on behalf of Perwyn.
Ed said: “Agilitas is one of the most innovative and ambitious businesses we’ve worked with. At a time when companies with resilience and a business-critical offering really stand out in the market, Agilitas has firmly demonstrated those credentials. We’ve really enjoyed working with Shaun, Donna and the team, and believe Perwyn is a great partner to support their growth plans. We wish all parties the best for the coming years.”
Founded in 2013, Perwyn is an international private equity and growth equity investor, benefiting from evergreen private funding and an entrepreneurial, operationally-engaged approach. Perwyn seeks to build partnerships with the founders and management teams of high growth businesses, focusing on mid-market buy-outs of companies valued at £50-250 million and flexible growth investments.