Wed, 20 Dec 2023 | MBO/MBI
Message Direct, a communications services provider for SMEs and large corporates, has undergone a management buyout (MBO) backed by LDC. LDC’s backing will enable Message Direct to continue its buy-and-build growth strategy, as well as supporting its organic growth plans and investments in new transformational technology.
The company was founded in 1994 and provides operationally critical 24/7 support for customer leads and inquiries, serving more than 7,600 customers and operating a number of brands, including Message Direct, Verbatim and Jam.
Over the past two years, the firm has achieved acquisitive growth, along with organic growth, under the leadership of Duncan Strike and his team. The MBO sees experienced board members Gary West and Pete Opperman join the firm as non-executive director and chairman respectively.
Message Direct Chief Executive Duncan Strike commented: "Over the last three years, LDC has taken the time to get to know our business and, with its track record of supporting companies to deliver successful acquisitive growth strategies, we're looking forward to partnering with the team throughout the next stage of our journey.”
"Their experience will also be valuable as we also look to integrate new technology such as artificial intelligence alongside the human voice element in the years to come."
The MBO was led by LDC investment director John Gassner and investment manager Trystan Cullen. John Gassner commented: "Message Direct is a leading provider of outsourced telecommunication solutions with an ambitious management team, operating in a growing and fragmented market.”
"We are excited to support Duncan and his team as the business expands through further acquisitions, enhanced customer growth and investment in technology."
Find out more about the growing importance of MBOs
Project Grove presents a unique opportunity to acquire a family-operated business with over 40 years of experience in grounds maintenance and landscaping across Lincolnshire and surrounding regions.
This well-established business provides teaching assistants, teachers, and nursery workers to over 60 schools and nurseries, boasting a remarkable 90% candidate retention rate due to attractive employment benefits.
Here's an enticing opportunity to acquire a thriving plant, tool, and equipment hire business with a solid 20-year trading history in the South West, boasting around 900 active customers and an impressive 90% retention rate.
Looking for more businesses? Try our off-market tool.
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.