Wed, 19 Mar 2014 | MERGER
Marketing and consulting business Jaywing announced its £18 million purchase of search specialist Epiphany Solutions yesterday (18th March).
The acquisition is a declaration of Jaywing’s intent to freshen up the business and move forward.
Jaywing is based in Sheffield, Yorkshire, and has offices in Newbury, Swindon and Ipswich. It has grown through the acquisition of other firms since 2007, and 270 of its 600-strong workforce are situated in Yorkshire.
Established in 2005 by Shane Quigley and Robin Skidmore, Epiphany has offices in London and Leeds and offers search engine marketing to a list of blue-chip companies including Virgin Holidays, Tesco, AXA Insurance and Pets at Home. It has seen strong growth over the past three years, reporting pre-tax profits of £1.43 million for the year to 31 January 2013, with gross assets of £2.34 million.
Once the deal has completed, Jaywing will have an agency division and a media and analysis division.
Jaywing had sold off Tryzens, its ecommerce business and part of its consulting division, for £6 million in October to make way for a strategically important business purchase.
Mr Boddy told the Business Desk: “The chemistry is right between our key people and Epiphany’s key people and we share a common view of the future and how we can succeed. This is also little overlap of clients, so there is a real opportunity to generate a lot of business.”
______________________________________________________________________
Related information:
Business valuation - resources
Due diligence
An opportunity exists to acquire the assets of a long-established Midlands-based wholesaler of discount food and non-food items. Due to the financial position of the company, the purchase will be executed as soon as possible and will involve the sale...
A historic lawnmower and garden equipment business has been forced to close, leaving staff redundant and local customers without their usual service. Viewing will take place on Thursday 18 September from 10am to 4pm. The online auction closes...
This is a unique chance to acquire a thriving dental practice located in the picturesque Channel Islands, boasting a robust client base and modern facilities.
LEASEHOLD
18
|
Sep
|
Estate agency group acquires pair of County Durham letting agencies | BUSINESS SALE
My Property Box, an estate agency group backed by BGF, has f...
18
|
Sep
|
Historic garden machinery business closes after 135 years of trading - asset sale | BUSINESS SALE
A historic Warrington lawnmower and garden equipment busines...
17
|
Sep
|
Construction materials firm acquires civil engineering contractor | BUSINESS SALE
Fox Brothers Holdings, a private equity-backed construction ...
23
|
May
|
Financial services group acquires marketing agency | BUSINESS SALE
London-based financial services group Stubben Edge Group Lim...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.