Tue, 05 Apr 2016 | MBO/MBI
An IT company based in Macclesfield is looking to drive its next period of growth following a successful management buy-in (MBI) deal, according to a report by Bdaily.
Delta Comtech is now targeting an annual turnover in excess of £1.25 million following the completion of the MBI, which saw sales director Carl Enser and operations director Ed Wright become equal partners alongside the company's existing owners Geoff Barratt and Mike Orton.
The IT services provider recently achieved year-on-year growth of around 20 per cent, and surpassed the £1 million milestone in sales in 2015.
New joint-owner Carl Enser said of the MBI: “This deal will build on the success of Delta Comtech to date. We all really believe in the business and its potential within the market.”
The management buy-in process at Delta Comtech was guided by Manchester-based law company HRC Law, which provided legal advice to the team.
Mr Enser added: “HRC was able to provide clear and practical legal advice for us throughout the deal process with a firm focus on what was right for the business and us as owners. They were the perfect partner for us in this deal.”
Mark Traynor, a corporate partner at HRC Law, spoke highly of the new partnership at Delta Comtech: “The impressive team at Delta Comtech is ambitious with their sights set on growth into other regions. We look forward to watching their progress.”
For information on how to finance a business purchase, see the guide to business finance.
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
Utilises a reliable network of UK and European hauliers to provide tailored logistics solutions, operating 24/7. Offers invited.
LEASEHOLD
Services the company provides includes complex and continuing care, palliative care, live in care, domiciliary care and learning disabilities and mental health services. Offers invited.
FREEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
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