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!
An innovative SaaS platform with a focus on sustainability that allows utility companies to engage with their residential customers. The software promotes insights for sustainability, savings, electrification and decarbonisation, allowing utility co...
RELOCATABLE
The company provides effective, comprehensive and cost efficient IT solutions to a wide variety of clients. Services include secure networks, cloud services, cybersecurity and voice over internet protocol telephony. Has 50 active clients across a ran...
LEASEHOLD
Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...
LEASEHOLD
|
28
|
|
Jun
|
Administrators hopeful of finding buyer for Bristol transport firm | ADMINISTRATION
Bristol-based transport, trucking and railroad firm Toogood ...
|
27
|
|
Jun
|
Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION
Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...
|
24
|
|
Jun
|
E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE
Deals Incorporated, a Manchester-based e-commerce retailer t...
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