Fri, 15 Oct 2021 | BUSINESS NEWS
Stratford-upon-Avon-based ICT firm BDR Group has secured an eight-figure funding package from Santander to support its ongoing acquisition strategy. The funding will enable the company to build on the three acquisitions it has made so far this year, with several more takeovers being targeted over the next two years.
BDR Group was founded in 1991 and has since grown organically and acquisitively and now has around 180 staff across locations in Stratford-upon-Avon, Maidstone and Swindon.
The company provides services including unified communications, IT managed services, security systems, networking equipment, infrastructure, communications and mobiles and broadband to clients in the public and private sectors.
BDR has quadrupled its turnover to £28 million over the past four years and is set to report turnover of more than £40 million next year. So far this year, the company’s acquisition drive has seen it take over IT firms ACR, Boffins and Integratech.
Commenting on the new funding, BDR’s founder and CEO Bahman Rahimi said: “The team at Santander UK, including its Relationship Director, Craig Kelly, and Growth Capital Director, Simon Clewlow, has always proactively backed our business and growth ambitions with complete confidence, investing time to understand our strategy and vision for the future. The bank has become a valued long-term partner that we look forward to continuing to grow with.”
Santander UK Growth Capital Director Simon Clewlow added: “The IT services and telecoms sectors are rapidly changing, and over the past decade BDR Group has been at the forefront of industry consolidation, creating an outstanding group of companies that offer holistic and wide-ranging services. We are delighted to support BDR Group through the next phase of its buy-and-build strategy, providing facilities that will assist its entrepreneurial ambitions in coming years.”
Read more about M&A in the UK's telecoms sector in this recent BSR insight.
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