Technology provider’s sales generates 5.3x returns for investors

BCN a top digital transformation and technology alternatives service provider in the United kingdom has been offered by Beech Tree Private Equity to ECI Companions.

The follows 4 several years of ownership by Beech Tree, more than which time it has supported BCN to accelerates its development from a £10m turnover organization to just one of around £40m through the two organic growth and an acquisitive tactic.

The business, which is headquartered in Manchester with functions in Leeds, was started by Simon Kelf and Matt Smith has also developed from mostly reselling IT hardware and assistance to delivering a electronic transformation offer.

The sale to ECI Associates sees Beech Tree create a 5.3x return on its financial commitment.

Adam Rudd, spouse at Beech Tree Non-public Fairness explained: “It has been a great journey performing along with the BCN crew and with each other we have built a company that we can all be very pleased of. When we backed them in 2018 we could see the potential to create a industry foremost Microsoft husband or wife capable of supporting the entirety of a customer’s electronic transformation journey. As a result of an alignment of our shared eyesight and a focused execution of our organic and M&A method, we have obtained what we set out to do. We have actually enjoyed doing work with the BCN group and wish them the really best for the potential. I am certain with the guidance ECI will bring the workforce they will keep on on their journey to come to be the UK’s major Microsoft centered MSP ”.

Simon Kelf, co-founder of BCN Team extra: “It has been a terrific experience in excess of the last four decades, since Beech Tree invested in BCN. We have designed a current market primary management team and importantly made what we established out to accomplish. The organic and natural development supplemented by selected acquisitions have authorized us to become a market leader in the place. The Beech Tree staff has been a actual lover and aided us in achieving our fantastic progress and it has been a pleasure doing work with them on this journey. I am very pleased of the small business we have developed and I would like Rob and the group the really best for the long term.”

Rob Davies, CEO at BCN Group explained: “In this age of digital transformation, there is a phenomenal expansion option for BCN Team to support clientele to resolve their IT worries and achieve the greatest possible final results from technological know-how for their enterprise. When I joined BCN Team both of those administration and Beech Tree agreed a strategy to place us as a current market top company for the future. It has been a fantastic 4 a long time providing on that tactic and Beech Tree have been an vital partner every single phase of the way. Together we have established an outstanding small business. I look forward to the upcoming stage of our journey partnering with ECI Associates as we concentrate on our purpose of turning out to be the UK’s market main Microsoft MSP”.

Beech Tree and BCN shareholders were being suggested by Clearwater International (company finance), DLA Piper (legal) and PwC (economical and industrial because of diligence).