inTec Business Solutions acquires Titan Network Services

Fri, 22 Nov 2019 | BUSINESS SALE



Manchester-based IT services company Titan Network Services Ltd. has been sold to inTec Business Solutions Limited for an undisclosed seven-figure sum.

DTE Corporate Finance acted as lead adviser to the shareholders at Titan Network Services, which has specialised in providing IT solutions for businesses in Manchester and the surrounding area for over 20 years. A team from Irwin Mitchell Solicitors assisted the vendors in the transaction, while the buyers were advised by Squire Patton Boggs.

Altrincham-based inTec Business Solutions, founded in 2016, provides tech-related consulting services and solutions to a range of B2B clients, which include start-ups, fast-growth businesses and established corporate firms.

Titan Network Services founder Mick Satiar will stay on as a director at Titan, commenting: “Titan has over the last 12 years built an impressive reputation and together with fellow director, Garry Grimshaw, we have built a client list that we’re very proud of.”

“It is important that our new owner shares our ethos and commitment to excellent customer service and I’m confident that inTec is the perfect business to take Titan forward.
It is an exciting time for Titan and our customers and employees. InTec is an excellent company and we are very pleased to do the deal.”

InTec Chairman Simon Howitt, meanwhile, said: “This is a great move for us. We have been impressed with how Titan have grown and developed their business since inception. They have some terrific clients and we are looking forward to working with Mick and his team.”

Matt Beckley, Partner at DTE Corporate Finance, added: “We are delighted to have sourced and advised the shareholders on this successful transaction. Titan will make an excellent strategic and cultural fit. I can only see the combined businesses flourishing.”


Share this article



Latest Businesses for Sale

IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD


Video Content Management Solutions Provider
UK Wide

Provider of complete video content management software solutions for the creation, delivery, and monitoring of both live and on-demand media content. With expertise in streaming software, the company’s offering simplifies the integration of streaming...

Asking Price: Offers Invited
Turnover: £615,000

Web Technology Agency
Yorkshire and the Humber, UK

Specialists in the design, build, development & management of large websites, web platforms & Content Management Systems using Microsoft .NET technology, particularly Kentico & Umbraco. Existing Kentico partners. Large digital consultancies. Website...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

 
30
 
Mar
 

Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE

Business consultancy firm Ameo has been acquired by AIM-list...

 
27
 
Mar
 

Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources