Thu, 29 Jun 2023 | BUSINESS SALE
4Com, a business telecoms provider based in Dorset, has completed its sixth acquisition within the span of 14 months with a deal for Southern Business Communications (SBC). The deal forms part of the company’s ongoing acquisitive growth strategy and it says it has further acquisitions in the pipeline.
SBC, which is based in Hampshire, was founded in 1990 and provides cloud telephone systems, mobile, internet and wifi services across the UK. The acquisition follows 4Com’s recent takeovers of Eastern Voice and Data, Reach Digital Telecoms and Midshire Telecom and its acquisition of the business customers of Bluebell Cloud Solutions and Meridian IT Communications.
Commenting on the company’s growth, 4Com CEO Gary Scutt said that its acquisition strategy “continues to play an important role in accelerating our growth” and revealed that the SBC acquisition had come to the firm directly “through a recommendation from previously acquired business owners.”
He added: “This is the latest in a growing amount of direct acquisition enquiries we’ve received; we’re hearing from these companies that other acquirers are getting through due diligence then changing the deal at the last minute.”
“That plays into our hands, as they are then walking away from those deals and coming to us. We establish a fit before any expense of due diligence; once we know it’s a fit and a deal is agreed, we stick to it. Six out of 6 have made it through full due diligence and completed at the agreed price and structure.”
Scutt continued that the company has “further acquisitions already in the pipeline” and encouraged any businesses seeking a sale to get in touch with the firm, saying that being acquired could help businesses struggling with increasing interest rates.
Read about M&A in the telecoms sector.
Established geographic software business with a strong client base and steady maintenance revenue stream.
An unparalleled chance to own a thriving Ag-Tech company with a robust market standing. The business is renowned for its pioneering role and leadership in the agricultural technology sector.
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector.
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.