Aaron & Partners LLP supports sale of Telford IT firm to leading cloud hosting provider
13th November, 2017
A team from the Aaron & Partners Shrewsbury office has played a key role in a deal which has seen a Telford IT and security firm bought by one of the UK’s fastest growing managed IT services and cloud hosting providers.
Working on behalf of Rockford IT along with Mark Bramall from Dyke Yaxley accountants, lawyers from Aaron & Partners’ Corporate Finance team worked to secure the sale of 100 per cent of the business’s share capital to SysGroup.
The £3.9m deal marks SysGroup’s sixth company acquisition in the last three years and will give Rockford IT the capability to operate on a world stage.
Tom Sykes, Chief Executive of Rockford IT, said: “This is an exciting opportunity for Rockford to become part of a team that is providing first class IT managed services, particularly in cloud hosting and the security sector.
“With a shared vision and support from SysGroup, the Rockford team will be committed to growing with the company and working with some of the world’s biggest organisations.”
Hugh Strickland, a Partner in Aaron & Partners’ Corporate Finance team, together with Zoe Lloyd acted for the sellers. Hugh said: “This is a really exciting deal that gives a fantastic Telford business the opportunity to expand its already impressive client base and continue to grow.
“We’re delighted to have been able to play a role in such an important deal both for Tom and the Rockford IT team and the business community in Telford.”
Chris Evans, chief executive of SysGroup, said: “Rockford further solidifies our presence in existing markets and also expands the group into new verticals such as hotels and leisure.
“We believe that this acquisition enhances our position to capitalise on the substantive market opportunity available.
“We would like to welcome the Rockford team into our group and we look forward to leveraging our newly combined and deeper skills to further our organic growth.”
Established in 2001, Rockford provides managed hosting services, a 24/7 IT service desk, IT security, connectivity services and disaster recovery solutions to around 200 UK customers including SMEs, councils, education organisations, professional services and blue chip customers.