Tuesday, 11 June 2013
Air-IT Acquires Managed Business Communications Ltd
DNCC member Air-IT, based at Nottingham Business Park, acquired fellow Chamber member Managed Business Communications Ltd (MBC) for an undisclosed sum. The acquisition was handled by two well-known Nottingham law firms: Geldards LLP acting for Air-IT and Eversheds LLP, representing MBC.
Air-IT offers a full range of managed IT services and outsourced support, whilst MBC provides business phone services and broadband and connectivity packages. Acquiring MBC will enable Air-IT to offer a single point of contact for all phone and IT services to its existing 150 clients as well as MBC’s 200-strong customer base. All clients will benefit from the combined technical expertise of both businesses.
The acquisition is also expected to act as a catalyst for future growth, with a forecasted total group turnover of around £2m for the next financial year. Combined with their ongoing organic growth, Air-IT has seen staff numbers swell to more than 20 – and the firm is already planning the imminent recruitment of four further team members during 2013.
Air-IT’s Managing Director Todd McQuilkin said: "We’re thrilled to have acquired MBC, our long-term preferred communications partner. Both companies are specialists in their fields and have always enjoyed a great relationship. Our investment means we can add real value to our clients with high quality, business communications products from a leading local provider."
MBC will continue to trade under its own name. The company will move into premises owned by Air-IT at the prestigious Nottingham Business Park, next door to Air-IT’s Head Office. Former Managing Director Simon Leadley will become Sales Director for both businesses, whilst Mr McQuilkin will add Managing Director duties for MBC to his existing role.
Mr Leadley commented: "The acquisition is great news for everyone involved. After all the hard work that’s gone into getting MBC where it is today, I can’t think of a company that’s better-placed than Air-IT to take it forward. They have the enthusiasm, resources and technical skills to move MBC on to the next level, and they’re in the ideal position to ensure future growth for both companies."
Mr McQuilkin added: "Air-IT is certainly going from strength to strength. We were finalists in two categories at last year’s Nottingham Post Business of the Year Awards, were accepted on the Growth Accelerator Scheme and have just joined the Invest In Nottingham Club. Acquiring MBC is the latest step in our ambitious expansion plans and there are exciting times ahead – so watch this space."Back