Thu, 11 Aug 2022 | BUSINESS SALE
IT and Managed Service Provider (MSP) Flotek has acquired Swansea-based IT firm Gower Business Systems in a deal that adds £1.2 million in revenue to its turnover. Gower Business Systems, which has been trading for around 30 years, is an IT provider, specialising in the legal and professional services sector.
The deal forms part of Flotek’s acquisitive buy-and-build growth strategy, through which it targets SMEs in South Wales and further afield to drive digital transformation. Flotek aims to help regional firms adopt and embrace new technologies which enable them to enhance their operations and services.
The acquisition of Gower Business Systems gives Flotek a new base in Swansea, along with its existing headquarters at The Maltings, Cardiff. This extended reach will enable the firm to further its aim of helping clients in South Wales embrace new technologies such as cloud computing.
Commenting on the acquisition, Flotek CEO Jay Ball said: “We are delighted that Gower Business Systems is joining Flotek. The team there has developed an incredible reputation over the last 30 years, being a certified Microsoft partner and working proactively to provide tailored IT and tech solutions to clients.”
“By integrating with Flotek, this enhances our delivery of dedicated care and support to SMEs, helping them adopt next generation technologies and delivering cost savings, scalability and growth.”
He added: “Our ambitious growth is centered around our fundamental values, to make sure we deliver services with expertise and passion. With people at our core, we have a clear vision of an employee-led, customer-focused business with a trusted name in the sector.”
Post-acquisition, Gower Business Systems co-founders Mark Wyatt and Mark Bowling will continue with roles at Flotek, along with the rest of the Gower team.
Mark Wyatt commented: “Having developed the business’ success during the past three decades, joining with Flotek is an exciting next step for the Gower Business team.”
“We very much share Flotek’s ethos of helping regional SMEs utilise complete IT support and technologies to reach their full potential and are excited to be a part of the business’ growth.”
Dealmaking firm GS Verde advised on the deal and is actively pursuing further acquisition opportunities to support Flotek’s ambitious buy-and-build growth strategy.
View more GS Verde listings with Business Sale Report here.
Read more about M&A in the UK professional services sector.
Find businesses for sale here.
If you are looking for an exit, we can help!.
Thriving SME Contracting and Consultancy Business. The business was established in 2015 by our client. The business is only now being offered to the market due to our clients` desire for the business to take its next step forward.
LEASEHOLD
This highly established SRA Partnership firm located in Wales is seeking a sale or merger due to the retirement of its Senior Partner. The firm operates from two offices and has a turnover of around £500k.
LEASEHOLD
SRA Partnership firm located in a thriving market town in Wales is available for sale or merger. With one partner retiring and the other moving onto other business interests, this is an excellent opportunity to acquire or merge with a well-establishe...
LEASEHOLD
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.