The founders of Equanet have handed over the running of the company to a six-strong management team.
Chairman Jonathan Chapple and managing director Ron Fenwick will use their new-found freedom to 'investigate other vehicles' to make the u18.5 million reseller more attractive for an eventual trade sale.
The rapidly growing Chessington-based company aims to spruce up its gross margins by acquiring one or two resellers with a higher value-added mix.
'Ron and I are not getting any younger and eventually we would like to retire. We aim to turn Equanet into a vehicle from which all the staff could benefit,' said Chapple.
The management team is led by Paul Barlow, divisional sales director, who joined Equanet from Atlanta, the defunct Wimbledon reseller. Sales manager Andrew Walsh will be heading the team with him.
'Our anointed successors are now driving the company,' said Chapple.
'Ron and I attend the weekly management meetings, and are on hand to give guidance and advice, but we stay quiet unless we are asked to contribute.'
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