Turnover: £1m to £2.5m
Location: London & South East UK
Hornblower has been retained by two entrepreneurs who want to acquire and build a group of IT services companies. Target companies will provide managed services, hardware or software reselling or systems integration.
One of the partners has extensive experience, circa 15 years, in the UK IT industry and is looking for a suitable management buy-in opportunity as the first acquisition of several. The other partner is an experienced finance professional in the city. They will be key to the business planning and raising of finance in this buy-and-build strategy.
Owners of target companies will either be looking to retire after a handover period or keen to expand their business alongside likeminded business partners.
Target companies will ideally fit the following profile:
- Managed IT services provider or a reseller of hardware/software/internet services, or an integrator of hardware/software/solutions
- Turnover: £1m to £2.5m, EBITDA: £250k to £500k
- Location: London and South East England
This acquisition search project has been some time in the planning. With the evolving situation with the Coronavirus and its impact on the economy, our clients are well aware that an approach at this point may seem opportunistic. They would like to assure buyers of their rightful intentions and that they have appropriate funding in place and will offer a fair market price. They are ready to move swiftly for the right acquisition.