Published by Charlotte Davies
14.10.20
United Kingdom, October 8, 2020 – Velstar, Ltd. announces the acquisition of a controlling interest in its shares by Revolutionary Rascal, LLC, a U.S. private equity investor. The change introduces a group of highly experienced strategic business partners, complementing Velstar’s best-in-class Shopify Plus development and digital marketing teams. Dan Sheard, Velstar’s founder and CEO, will continue to be a major shareholder and the driving force behind Velstar’s expanded global footprint. “Our newly formed international board of directors, of which I will continue as a member and lead director, will help create our strategic plan for continued growth and global expansion plans.” said Sheard.
Sheard also pointed out that “it is an exciting time for Velstar. We have been growing strongly at a yearly rate of 70%.” Velstar has been expanding its professional services teams to manage and support the expanding client base in the UK, Europe and the U.S. Velstar is committed to delivering exceptional results for its clients.
Commenting on its acquisition Frank Wellens, Revolutionary Rascal’s representative, said: “We are very impressed with what Dan has achieved at Velstar during the last 4 years. He has built a sector leading and growing business with an excellent creative reputation. The Velstar team is getting stronger than ever and the new board is ready to support Dan and the entire Velstar team to take the agency to the next level.”
On Velstar: Velstar is a leading Shopify Plus agency, headquartered in Liverpool, UK. Velstar consists of 20+ Shopify Plus / Ecommerce experts across its design, development, marketing and strategy departments. Velstar is expanding from its base UK Ecommerce market, adding international customers in mainland Europe and the US, and building the fundamentals for a global structure. Velstar was founded in 2016 by Sheard with co-founder D. Solomon, who exited as part of the transaction.
