Arrow Business Communications Acquires Circle IT Solutions Limited

CPI Card Group Inc. Acquires Arroweye Solutions, Inc.

May 7, 2025

Payments & Fintech

CPI Card Group Inc. (Nasdaq: PMTS) acquired Arroweye Solutions, Inc., a provider of on‑demand, digitally‑driven payment card production and fulfillment, for $45.55 million in an all‑cash transaction completed upon signing on May 6, 2025. The acquisition expands CPI’s product and production capabilities—adding Arroweye’s just‑in‑time card manufacturing and personalization to CPI’s card production, instant issuance and digital solutions and is expected to support revenue and customer expansion.

Sprout Acquires Key Assets of CircleIT

January 10, 2024

Environmental Services

Sprout purchased key assets and customers of Oklahoma City-based CircleIT in a strategic asset acquisition announced in late 2023. The deal adds CircleIT's ITAD/refurbishment capabilities and its ESG reporting platform to Sprout's operations; CircleIT will cease to exist as a separate business entity.

Arrow Business Communications Acquires UK-tec Limited

May 1, 2021

IT Services

Arrow Business Communications Limited (Arrow), a PE-backed UK IT services group, has acquired UK-tec Limited, a provider of security, network and SD‑WAN managed services for the UK channel. The deal strengthens Arrow's SD‑WAN, complex networking and security capabilities and integrates UK‑tec's founders and technical team into Arrow's channel offering.

Arrow Business Communications Acquires Click Networks

September 1, 2020

IT Services

Arrow Business Communications, backed by MML Capital Partners, has acquired Click Networks Limited, a Glasgow-based provider of cloud and managed IT services. The deal expands Arrow's Microsoft cloud, security and managed services capability across England and Scotland and is the third acquisition since MML's investment in Arrow.

Arrow Business Communications Acquires Altinet Ltd

July 1, 2020

Cybersecurity

MML-backed Arrow Business Communications Limited has acquired Altinet Ltd, a Leeds-based provider of cyber security managed services. The add-on strengthens Arrow's cybersecurity capability following MML's January 2020 investment; the deal was supported by CVC Credit Partners and advised by Kemp Little and RSM.

MML Capital Partners Invests in Arrow Business Communications

January 1, 2020

Telecommunications

MML Capital Partners has made a significant growth investment in Arrow Business Communications, partnering with founder Chris Russell and CEO Richard Burke to support the group's M&A-led expansion and product development. The deal — financed with support from CVC Credit Partners — backs Arrow's offering of mobile, fixed line, hosted telephony, data, IT and energy solutions across nine UK offices and ~245 employees.