Kelway set to reinvest profit
VAR aims to become one of the channel's main consolidators
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 Capitalmade 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.”