The managed services provider and value-added reseller, which has bases in both Cardiff and Bristol, has revealed the completion of its management buyout.
As insider media reports, the company, which achieved a turnover of £14.5 million ($19.6 million/€16.4 million) last year, has a four-strong management team which “has led the company for over ten years”. This management buyout “is the result of a long-term succession strategy.”
The company’s vendor, named as Mrs Emma de Haes-White, along with Chairman John Hollingdale, will both maintain their involvement in the business.
John Armstrong, one of the management team, had this to say regarding the buyout: “The team is very proud and honoured to have successfully completed the MBO. We are delighted to have retained the involvement of all previous stakeholders whilst giving a new ownership structure that will enable the management team to deliver the strategic plan for the business over the coming years.
“Computerworld is committed to providing a premium service and the MBO will enable this focus to continue and for us to build on our range of services which we see as a real plus for our customers.”
Gambit Corporate Finance advised on the transaction, with its team led by Tim Brotherton and Geraint Rowe.
Brotherton commented: “The management team has guided the company through a successful growth period in recent years with the company building a reputation for its quality of service and expertise in specialist areas.
“The buy-out will enable the management team to continue to ensure that the company provides its customers with the level of service and in-depth knowledge that they have experienced to date.”
