Redsquid is now in a strategic refinancing partnership with ThinCats, in a move to boost its M&A activity and position the company for substantial growth before the close of FY25.
The partnership marks what the company describes as “a pivotal moment” in Redsquid's ambitious growth strategy.
By securing this refinancing, Redsquid is poised to accelerate its M&A initiatives, enabling the company to scale rapidly and expand its national footprint.
This collaboration will also strengthen its commitment to delivering sustainable IT solutions, while enhancing financial capacity.
Sohin Raithatha, CEO of Redsquid, said: “This refinancing agreement provides us with the financial agility to pursue strategic acquisitions that will strengthen our service offerings and broaden our reach across the UK."
Dave Sherrington, MD London and South, of ThinCats, said: “This new partnership means Redsquid is well positioned to capitalise on opportunities in a highly fragmented market, and our funding is ideal to support acquisitive businesses.”
Redsquid's first acquisition under this new partnership is already in motion, with the company acquiring MSP IT Hotdesk as its third this year, and the fifth in the last 14 months.