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24 Mar 2009
Newly created firm Concorde Excel Holdings has made its second VAR acquisition in as many months, snapping up Morley-based Phase CRS for an undisclosed sum.
Concorde Excel Holdings was recently set up by a consortium of businessmen to buy Brighouse-based reseller Concorde Informatics.
The acquisition of IT services and solutions company Phase will add 24 staff and almost £2m revenues to its sales. Phase owner and managing director Chris Walker will become a shareholder in Concorde Excel Holdings and takes on the role of technical operations director within Concorde Informatics.
Further reading
Colin Meakin, who formed the consortium and is now Concorde Informatics' managing director, said: “There are a lot of synergies between the two companies.
“Phase has an excellent client base and different geographic strengths from Concorde Informatics, which will stretch our service coverage to all corners of the UK. Also, it will give us better buying power and better prices for our clients.
Walker said: “Having started Phase CRS nearly 25 years ago, I’m proud of the company’s success and now we can benefit from becoming part of a bigger entity. I’m very excited at the prospect of helping Colin to develop the Concorde Informatics business.”
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