Mon, 20 Jun 2022 | BUSINESS SALE
Beech Tree Private Equity has sold digital transformation and technology solutions firm BCN to ECI Partners in a deal that generates a 5.3x return on its initial investment. Beech Tree acquired BCN four years ago and, since then, has helped drive organic and acquisitive growth at the firm.
BCN Group, which initially operated largely as a support services firm and reseller of IT hardware, has now grown to become one of the UK’s leading technology solutions companies and provides a full digital transformation offering.
Beech Tree’s investment has helped to rapidly accelerate the company’s growth. At the time of Beech Tree’s acquisition, BCN was generating revenue of approximately £10 million. The company’s annual turnover now stands at over £40 million.
Commenting on deal, Beech Tree Private Equity partner Adam Rudd said: “When we backed them in 2018 we could see the potential to create a market leading Microsoft partner capable of supporting the entirety of a customer’s digital transformation journey. Through an alignment of our shared vision and a focused execution of our organic and M&A strategy, we have achieved what we set out to do.”
BCN co-founder Simon Kelf commented: “We have built a market leading management team and importantly created what we set out to achieve. The organic growth supplemented by selected acquisitions have allowed us to become a market leader in the space.”
BCN Group CEO Rob Davies added: “In this age of digital transformation, there is a phenomenal growth opportunity for BCN Group to support clients to solve their IT challenges and achieve the best possible results from technology for their business. When I joined BCN Group both management and Beech Tree agreed a strategy to position us as a market leading business for the future.”
“Together we have created an incredible business. I look forward to the next stage of our journey partnering with ECI Partners as we focus on our goal of becoming the UK’s market leading Microsoft MSP”.
Read more about M&A across the professional services industry.
Find businesses for sale here.
If you are looking for an exit, we can help!.
Discover a lucrative opportunity to acquire a business with a diverse product portfolio serving multiple industries, including engineering, healthcare, and hospitality, with a client database of approximately 500 clients.
An opportunity has arisen to acquire a well-established forensic services provider operating across the UK, offering a comprehensive range of specialist services.
Established catering business in Gloucester with numerous contract opportunities now available for acquisition.
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.