Tue, 08 Jun 2021 | BUSINESS SALE
Agilico, which is backed by private equity firm Horizon Capital, has acquired Tyneside-based Diamond Group for an undisclosed amount. The acquisition of Diamond Group, which provides telecoms and tech support to SMEs, adds £2 million in revenue and 500 customers to Agilico’s business.
The acquisition is Agilico’s eighth and strengthens its presence in the north of England. The group, which was rebranded from DMC in April, is a workplace technology firm. It offers a range of services, including information management, telecoms, IT services and working technology to customers largely from the education, finance, legal and insurance sectors.
Agilico’s regional managing director for northern England Warren Colby commented: “I am delighted with this acquisition - the team here in the north has known Diamond for a number of years and to have their people on our side is really compelling.”
Simon Davey, CEO of Agilico, added: “Our strategy is to build a UK wide, SME focused business that can provide our customers with a great set of products and services. We know that Diamond has a customer-centric culture and that is just what we are looking for in our acquisition plan."
Horizon Capital partner Luke Kingston said: “This acquisition demonstrates Agilico’s continued opportunity to grow through highly complementary acquisitions alongside continued organic growth. Diamond Group represents another high-quality addition to the platform, and we look forward to continuing to support the Group on its growth journey."
Read more about private equity-backed M&A in these exclusive BSR insights:
Carve-outs and bolt-ons surge as COVID prompts firms to refocus
How to pursue private equity backing for acquisitive growth
Find businesses for sale here.
If you are looking for an exit, we can help!
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This well-established software development business, operating since 1999, is renowned for delivering custom solutions, including bespoke CRM systems and mobile apps, to a diverse clientele across sectors such as healthcare, retail, and public servic...
This is a rare opportunity to acquire a not-for-profit Rail Development Research and Technology Organisation, complete with a purpose-built R&D facility and generating additional income from sub-tenants.
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.