Tue, 08 Jun 2021 | BUSINESS SALE
Agilico, which is backed by private equity firm Horizon Capital, has acquired Tyneside-based Diamond Group for an undisclosed amount. The acquisition of Diamond Group, which provides telecoms and tech support to SMEs, adds £2 million in revenue and 500 customers to Agilico’s business.
The acquisition is Agilico’s eighth and strengthens its presence in the north of England. The group, which was rebranded from DMC in April, is a workplace technology firm. It offers a range of services, including information management, telecoms, IT services and working technology to customers largely from the education, finance, legal and insurance sectors.
Agilico’s regional managing director for northern England Warren Colby commented: “I am delighted with this acquisition - the team here in the north has known Diamond for a number of years and to have their people on our side is really compelling.”
Simon Davey, CEO of Agilico, added: “Our strategy is to build a UK wide, SME focused business that can provide our customers with a great set of products and services. We know that Diamond has a customer-centric culture and that is just what we are looking for in our acquisition plan."
Horizon Capital partner Luke Kingston said: “This acquisition demonstrates Agilico’s continued opportunity to grow through highly complementary acquisitions alongside continued organic growth. Diamond Group represents another high-quality addition to the platform, and we look forward to continuing to support the Group on its growth journey."
Read more about private equity-backed M&A in these exclusive BSR insights:
Carve-outs and bolt-ons surge as COVID prompts firms to refocus
How to pursue private equity backing for acquisitive growth
Find businesses for sale here.
If you are looking for an exit, we can help!
Unlike similar HR SaaS businesses, the company differentiates itself through its configurability and add-on modules offering a complete people performance solution. This maximises retention and upsell opportunities with 6 different SaaS modules inclu...
Long-established and highly regarded Ltd Co with impressive national/international reputation and client base. The company offers a one stop design-to-commissioning service of state-of-the-art fire, intruder alarm, and CCTV systems.
An opportunity has arisen to purchase a Managed Service Provider (MSP) and IT consultancy based in Southeast England. The company is well-established, with a trading record spanning over 25 years.
27
|
Mar
|
Acquisitive IT firm makes latest deal after securing fresh funding | BUSINESS SALE
Everything Tech Group, an acquisitive Manchester-based manag...
27
|
Mar
|
Corby telematics firm sold to EOT | BUSINESS SALE
An international telematics company based in Corby has been ...
26
|
Mar
|
Fairstone completes latest acquisition with Nottingham deal | BUSINESS SALE
Financial planning consolidator Fairstone Financial Manageme...
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.