Convex advises on 1st Technologies sale to private equity-backed global acquirer.
Convex advised 1st Technologies Limited, a leading global distributor of refurbished IT equipment headquartered in Preston, Lancashire, on a strategic sale to a private equity-backed global acquirer in the sector.
1st Technologies – https://www.1st-tech.co.uk
Founded in 1997, 1st Technologies is both a wholesale distributor and retailer of refurbished business-class hardware, specialising in desktop PCs, laptops, servers, and workstations, and associated components from HP, Dell, Lenovo, and other leading OEMs.
From their 20,000-square-foot warehouse based in Preston, Lancashire, each month the business processes in excess of 10,000 systems through trade, retail, and public sector channels. The company has grown rapidly on the back of strong multi-channel e-commerce growth (Bargain Hardware) and consistent trade and public sector sales (ICT-Direct), and they have a customer presence on every major continent.
1st Technologies’ strong organic growth has been underpinned by investment in several major projects, which include their ISO-certified management system, their Microsoft Dynamics ERP system, and their integrated industry-leading e-commerce infrastructure.
Their team is 70 strong, all based in its Ribble Valley headquarters, with a workforce drawn from ten countries.
