Wed, 11 Jan 2023 | BUSINESS SALE
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!.
The company has created an innovative and intuitive online learning platform, featuring a diverse range of subjects, such as academic physical education, which is mainly purchased by UK-based secondary schools and overseas British-curriculum schools....
RELOCATABLE
The company is a SaaS developer offering a proprietary platform that is designed to enable the creation and scaling of internal mentoring, coaching and sponsorship programmes for employees, membership organisations and universities.
RELOCATABLE
Based in the North of England but serving a national corporate client base and with the benefit of international software this has since inception built a loyal base of over 400 channel partners to sell its telecoms software solutions.
LEASEHOLD
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources