Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Stone Group

Stone Group

Vintage: December 2019

Exit Date: November 2022

Sector: Information Technology

Location: Stafford, UK

Type: MBO

Souter Role: Lead Investor, Majority Stake

Souter Director: Yes

Status: Current

Originally founded as an Original Equipment Manufacturer, Stone has matured into one of the UK’s leading Value Added IT Resellers, retaining its own Stone branded hardware products within a broader portfolio founded on strategic partnerships with tier one suppliers such as HP, Lenovo, Dynabook and Acer.

Stone is fully committed to the circular economy and to providing true 360 IT asset lifecycle management services and, in 2009, invested in its own inhouse IT Asset Disposal facility and is ADISA accredited with distinction and Government accredited to the highest level.

Souter acquired a majority stake in Stone in December 2019, investing alongside the Company’s management team and a syndicate of investors managed by private equity house RJD Partners.

Since acquisition, Stone has grown strongly and expanded its range of products, services, and solutions. This includes the roll out of the market leading Stone 360 IT recycling app, which makes management of end-of-life technology simple, ensures responsible e-waste disposal, and allows customers to make progress towards their sustainability goals.

In November 2022, Souter Investments sold Stone to Toronto Stock Exchange listed Converge Technology Solutions Corp. (“Converge”), a software-enabled IT & Cloud Solutions provider.