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
This is a remarkable opportunity to acquire a highly profitable mechanical and electrical contracting company with a strong portfolio of prestigious clients and consistent repeat business.
This distance selling pharmacy in the West Midlands, established for 5-10 years and operating locum led, presents a significant opportunity for growth and improved EBITDA under new management.
Opportunity to acquire a well-established distance selling pharmacy in Devon, operating autonomously with a strong management team.
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.