Wed, 08 Dec 2021 | BUSINESS SALE
Private equity-backed business and cloud communications firm OneCom Group has completed its fourth deal of 2021 with the acquisition of Gateshead-based Russell Telecom. OneCom, which is backed by £100 million in funding from LDC, has this year completed the acquisitions of Olive Communications, 9 Group and IP Office Ltd.
With a history dating back over 35 years, Russell Telecom is a leading business telecoms firm, renowned for its communications solutions and strong focus on customer service. The business provides phone and connectivity solutions for clients in a wide array of markets, including business, education, healthcare and not-for-profit.
OneCom created the UK's largest B2B, connectivity and cloud provider at the start of 2021 with its acquisition of Olive Communications. The takeover of Russell Telecom brings over 1,500 customers and the target company’s team into the OneCom offering.
Commenting on the deal, OneCom Group CEO Martin Flick said: “As we continue to grow, supported by LDC, we are delighted to welcome the Russell Telecom team and customers to Onecom.”
“Our businesses are a perfect match and this transaction, our fourth in 2021, supports our strategy of acquiring strong businesses that share our culture, values and ethos and our commitment to providing exceptional products and solutions to UK businesses of all sizes.”
“Russell has demonstrable strength in the education sector which is an excellent complement to our already existing specialisms that bring proximity to specific customer need in distinct markets.”
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