Onecom acquires Matrix IT
HMT advised LDC-backed Onecom, the UK’s leading business communications and IT services provider on their acquisition of Matrix IT.
Matrix IT is a Microsoft Solutions Partner providing professional IT services across the South Coast. The business employs more than 45 people, with approximately two-thirds of its workforce dedicated to service delivery. This strengthens Onecom’s operational capacity, expands its technical bench, and enhances its ability to deliver scalable, enterprise-grade IT services across managed IT, cloud, cybersecurity, and Microsoft solutions.
The acquisition builds on Onecom’s growing IT services portfolio following the successful integration of Excalibur Communications, IMS, and Daly Systems. Together, these investments reinforce Onecom’s position as a full-service IT and communications partner, capable of supporting complex customer environments with secure, resilient, and Microsoft-centric solutions.
By bringing Matrix IT into the Onecom Group, the business expands its regional presence on the South Coast while accelerating its ambition to deliver end-to-end IT services at scale. Customers will benefit from deeper Microsoft expertise, expanded service coverage, increased service delivery capacity, and a broader portfolio spanning managed IT, cloud transformation, cybersecurity, connectivity, and communications.
HMT undertook financial due diligence on this transaction.
Christian Craggs, Director of M&A and Strategy at Onecom commented:
“Having worked with Paul and Corin on numerous acquisitions, we continue to value the quality and depth of their financial due diligence. Their analysis is rigorous, clear, and directly supports confident acquisition decisions.”
Paul Read commented:
“We are delighted to have advised Onecom on their fourteenth acquisition since 2020. The acquisition of Matrix will enable Onecomto strengthen their managed IT and Microsoft services capabilities. We look forward to work with Onecom again on future acquisitions.”
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