Spectrum Corporate Finance has advised Poole based Deverill and shareholders on the sale of the company to 365itms, a leading UK IT services provider based in Riseley, Reading.
Spectrum acted as lead advisor to the shareholders, completing a thorough marketing and sales process and project managing the deal through to a successful completion.
The acquisition of Deverill has cemented the position of 365itms as one of the UK’s leading IT Managed Service providers to the corporate market. It has also doubled the size of the company to a £20m turnover business, and expanded their geographical reach across the South from Reading to Poole.
The combined organisations boast some of the highest level vendor accreditations including: VMWare, HP, Cisco, Microsoft, Dell, Citrix and a range of other leading manufacturers. This will greatly enhance the range of services and solutions 365itms can offer to clients.
"Working with Spectrum was a pleasure. Right from the start they demonstrated their knowledge of the sector and how best to market the company for the most advantageous return for the shareholders. As with all deals there are ups and downs and throughout the process they kept things moving in the right direction, communicating with all parties and applying their knowledge and expertise through to completion."Joel Jervis, Former Managing Director, Deverill
"We are extremely excited about the opportunities this acquisition brings. Deverill’s market leading infrastructure and managed service capabilities are broad and deep and we believe this will provide some distinct advantage to the business. Our partners and customers will benefit from the enhanced range of services and have access to a larger highly skilled team. We are always looking to identify new areas where we can bring complementary services to our portfolio and this acquisition forms part of this strategy."Steve Ellis, Managing Director, 365itms