Located in Hove, East Sussex, this IT Support Services Company has been established since 2006 and has seen significant growth year on year with excellent profit margins. The business offers IT support to a number of clients including Corporate, Media Companies, Recruitment Companies, Call Centres and Solicitors as well as a small client base. There are a number of contracts in place generating an ongoing revenue stream with contracts being between 1 and 3 years. The business also offers Phone Systems which they have only recently started marketing and have already seen a lot of interest from existing and new clients.The business presented an ideal bolt-on opportunity as it was sold as a re-locatable business. Our clients offered their company to the market in order to pursue other business interests and a deal was completed less than 5 months after entering the market.
The acquirer, Weald Computer Maintenance Ltd was found by our team of researchers at Knightsbridge and purchased the company as a bolt-on business. Gemma Moss of Knightsbridge was delighted at the quick and very straightforward sale.
