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."
Find out how companies are using M&A to keep up with rapidly changing industries
An unparalleled chance to own a thriving Ag-Tech company with a robust market standing. The business is renowned for its pioneering role and leadership in the agricultural technology sector.
This opportunity involves acquiring the full shareholding or investing in a leading London-based global digital payments platform, primed for scalability with a track record of servicing over 200 clients and processing $1.1 billion in transactions.
An exciting opportunity has arisen to acquire a well-established business with a global presence and a strong, reliable customer base in subscription and rental services.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.