Latest News | 3 November 2020
Air IT makes double swoop
Managed IT service provider Air IT has announced it is doubling in size following two new acquisitions.
The firm, which has offices at Connect Derby’s Friar Gate Studios, in Ford Street, has bought London-based IT managed service provider Netstar UK and Birmingham-based MSP Microtrading for undisclosed sums.
The acquisitions will significantly strengthen the firm’s share in the managed IT marketplace, extending its reach into London and the West Midlands.
Recently backed by August Equity Partners LLP, the deals have enabled the Air IT group to double its size in just nine months, making significant strides towards its goal of becoming the UK’s largest SME-focused cloud-managed services provider.
Chief executive John Whitty said: “Since the investment and commitment made by August Equity Partners to back our growth strategy, the team have been hunting for solid businesses who share our dedication and ability to serve the SME market.
“We are delighted to have found these, despite the recent pandemic, with Netstar and Microtrading who are both extremely capable, successful, and exciting businesses with very talented teams, which will result in the doubling of staff to 140 people.
“Like Air IT, they are both famous for delivering excellent service, while also sharing our strong cultural values. The inclusion of their teams will provide additional depth and expertise to support the innovative and business enhancing services provided to our customers.
“These acquisitions represent the first step towards achieving both our organic and acquisitive goals which is supported by a strong and mature pipeline of similar deals.”
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