Sale of Specialist IT Network Support Business
Hornblower is pleased to announce the successful sale of a specialist IT network support and consultancy business to a strategic IT service management acquirer. The transaction completed in November 2024 and delivers a strong commercial outcome for the shareholders while preserving continuity of service for customers and roles for staff.
Business overview
The seller is a decade‑plus established specialist in design, installation and managed support of resilient, scalable IT network solutions for organisations with complex connectivity needs. The company built a reputation supplying critical infrastructure to leisure and entertainment venues, retail and restaurant chains across the UK and Europe, supported by recognised industry accreditations and multi‑vendor partnerships.
Strategic rationale
The sale was driven by the shareholders’ objective to realise value while securing an acquirer able to scale the business and protect customer continuity. The buyer sought to broaden its cloud, security and managed services platform with specialist network capability, high‑profile customers and established vendor accreditations.
Execution and deal approach
Using our own established contact base and sector knowledge, together with other key M&A databases, Hornblower ran a focused trade sale process targeting strategic, private equity‑backed platforms with complementary technical portfolios.
Outcome
- The shareholders achieved an orderly, value‑realising exit.
- The buyer acquired immediate recurring revenue, specialist technical capability and an expanded, high‑profile customer base.
- Customers retained access to existing service levels and gained the combined group’s broader cloud, compliance and security capabilities.
Transaction team
The deal was managed by Hornblower’s Business Sales & Acquisitions Consultant, Mark Sykes.
SOLD – November 2024