Sat, 12 Sep 2020 | BUSINESS SALE
CRM platform FLG has been acquired by ClearCourse Partnership LLP for an undisclosed amount, in a deal quite remarkable in that it was negotiated and concluded entirely remotely.
Founded in 2007 by John Jackson, FLG Business Technology Ltd has built a reputation as one of the UK’s leading CRM platforms for businesses wishing to automate lead management without changing sales processes.
FLG employs 11 staff across product development, support, onboarding, and marketing in its two offices in Padiham and Manchester. The company has a proven track record serving the financial services industry, with clients including Creditfix Ltd, Etico Group Ltd and TFS Loans Ltd.
In its last filed accounts to 31st August 2019, FLG Business Technology Ltd recorded net current assets of almost £1.8m, up 53 per cent on the previous year.
The buyer, ClearCourse Partnership LLP, is a group of innovative technology companies providing useful, integrated software solutions. This deal marks the 18th acquisition to date for ClearCourse, which is backed by Aquiline Capital.
Gerry Gualtieri, CEO of ClearCourse, commented: “CRM is a core component of ClearCourse’s growing portfolio of complementary software companies, so we’re delighted to welcome FLG on board.
We look forward to working with the management team to realise operational synergies, enhance client acquisition, and streamline online marketing efforts. We have worked closely with John Jackson throughout the acquisition process and we are highly impressed by the great business and team he has built over the years.”
The deal was brokered by Bath boutique corporate adviser Lucas & Weston Ltd. Howard Weston, MD of Lucas & Weston, commented “This was very much a first for us, as the whole deal, instigated at the height of lockdown in late May was concluded remotely. We only ever met the buyer and seller online. Quite remarkable but it shows that deal making is still possible during these challenging times.”
“This is our fourth deal to complete during the lockdown following the acquisition of Mutts & Hounds back in June. There is strong investor demand for quality businesses with a sustainable future which is encouraging to see.”
John Jackson, Founder and Managing Director of FLG Business Technology Ltd, commented: “ClearCourse has an excellent reputation in the CRM industry for creating new opportunities and driving operational growth. Like ClearCourse, FLG was founded with the ambition to do things differently and better, and the synergies between the two companies will ensure a successful future for both. I look forward to seeing where they take the business in the coming years.”
FLG’s founder and Managing Director, John Jackson, will be leaving the Company, whilst all other staff will remain in place, ensuring operations continue as normal, maintaining critical client and customer relationships.
The company provides a wide range of smart communication services, including broadband, IoT / Retail SIMs, and its proprietary hosted telephone platform which encompasses hardware, computer-based telephony, and a mobile softphone app. All of which is...
This is a fantastic opportunity to purchase an established (since 2000) and well-respected IT and communications business based in Colwyn Bay.
The company offers a wide-range of branding and marketing services to its clients across the UK. Operating for over 20 years, the business has built a long-standing relationships with its client network, ensuring a stable flow of revenue. The company...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
Tile business sold to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.