Milton Keynes IT firm secures PE backing and plans bolt-on acquisitions

ITM Communications, a Milton Keynes-based network connectivity and IT managed services company, is planning M&A activity after securing investment from private equity firm Aliter Capital. The deal secures the third platform business for Aliter’s £134 million fund Aliter Capital II, which was established in December 2022.

ITM operates across the UK, with customers including public sector bodies and blue-chip private firms. The company, which underwent an MBO in 2010, has seen strong growth over recent years under management team Mike Jackson, Mark Barber and Lynda Ayris.

Following the investment, Aliter Capital says it will seek organic growth, as well as acquisitive growth opportunities, with the company targeting bolt-on acquisitions of complementary businesses.

Mark Barber, ITM Director, commented: "We have been aware of Aliter for some time and having seen what they achieved historically with North, a business operating in sectors similar to ITM, we believe strongly the added support of the right investment partner with significant experience and resources will help us accelerate the next stage of ITM’s development. It's an exciting prospect and we are enthused by the opportunities this will bring to our customers, suppliers and staff."

Aliter partner Greig Brown, who will join ITM’s board as a non-executive director post-acquisition, added: "ITM is a great example of the type of business we are looking to back, where we can use our sector expertise to support future growth. We have a strong track record in this sector and see clear potential to grow this business, both organically and through bolt-on acquisitions."


Find out more about attracting private equity backing for M&A growth.

Find businesses for sale here.

If you are looking for an exit, we can help!.

Share this article

Latest Technology Businesses for Sale

View more businesses for sale