Equity firm has made a ‘significant investment’ in the VAD
Rigby Private Equity has made a “significant investment” in security value-added distributor Wick Hill Group, which will aid the VAD’s EMEA expansion plans.
Following the investment Wick Hill will continue with the same staff and management team, led by chairman Ian Kilpatrick.
Kilpatrick said: “This deal gives Wick Hill an opportunity for major growth and the chance to take our successful distribution model across Europe and the Middle East. Some of our vendors and potential vendors, as well as some of our customers, have been asking us for an international network and we will now be able to deliver that.”
He said: “It’s a logical next step for us and we’re very confident about the opportunities for our staff, vendors and resellers. I am looking forward to what will be a very exciting time for the company.”
Paul Eccleston, head of Rigby Private Equity, said: “Rigby Private Equity has been formed to identify established companies with both a great value proposition and plans for strong growth. Our aim is to invest in these companies so we can support the acceleration of their growth plans.
“Wick Hill has been an established leader in high value distribution for more than three decades, with Ian and the team having a great reputation for service, as well as having strong plans for growth.”