Reseller Kelway has claimed it will reinvest its profits to fuel its ambition of becoming one of the channel’s main consolidators.
Phil Doyle, managing director of Kelway, told CRN: “I’m very bullish about us becoming a consolidating player in the market. If you look at a lot of VARs our size, they just sit there and do not reinvest. I want us to take the money that we make and reinvest into the business to fund acquisitions.”
Doyle said Kelway is looking to acquire businesses of a similar size to itself, but may look at other areas.
“At first we will look to make a small acquisition so we get to know the process,” he added.
Kelway was also boosted last week after private equity firm Core Capital made a £5m investment into the VAR.
Walid Fakhry, partner at Core, said: “Kelway represents an attractive opportunity for the Core funds to invest in an established, yet fast growing business.”
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