Tue, 30 Jan 2024 | BUSINESS NEWS
Trustack, an IT and cyber security company headquartered in Cramlington, is planning to launch an acquisition strategy targeting businesses in the North of England. The company has seen strong organic growth since it was formed through a three-way merger in 2019 and is now planning to scale-up its expansion with acquisitions.
The company provides end-to-end managed IT services and, in addition to its Cramlington headquarters, operates satellite sites in Manchester and County Durham. In its most recent financial year, the company achieved £10 million in turnover.
It has now engaged with RG Corporate Finance (RGCF) in order to develop and implement an acquisition strategy targeting new partners along the M62 corridor, running from Manchester to South and West Yorkshire. The initiative will see RGCF undertake market analysis and strategic review, led by Corporate Finance partner Nick Johnson with support from Corporate Finance Senior Manager Connor McBride and Corporate Finance Executive Ben Kain.
Trustack Managing Director Paul Watson commented: "We have delivered consistently strong organic growth since we formed the business as a result of the merger in 2019, and now we are targeting the next stage of our scale up programme through acquisition.”
"Having established an office in Manchester we are keen to expand our presence in the North West region as well as looking along the M62 corridor into Yorkshire to work with complimentary businesses that can become part of our growth journey and support a comprehensive and growing premium client portfolio."
RGCF Corporate Finance Partner Nick Johnson said that Trustack was an “agile and dynamic business, with a great management team and ambitious growth plans.” Johnson added that, having established itself in the North of England, the company was well placed “to look at strategic acquisitions with companies that have similar capabilities to support large organisations of up to 500 employees with IT and cybersecurity managed services."
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