Spiritel makes six bolt-on acquisitions
HMT were delighted to advise SpiriTel, a leading business communications service provider group, on six bolt-on acquisitions.
Acquisition of Housing Communications Limited – Based in Shrewsbury, Shropshire, HCL is a well established provider of mobile voice and data services with a focus on the specialist UK Housing Association sector. HCL has over 17,000 mobile connections and an exclusive contract with the largest procurement agency targeting Housing Associations. HCL’s recently commenced IPC telephony systems sales and networking solutions provide significant cross selling opportunities within Spiritel’s fully integrated communications offering.
Acquisition of Mobotel Management Limited – Based in Fulham, Mobotel is a specialist reseller of mobile and data services with over 90% of connections including BlackBerry services. Mobotel has a high quality customer base with an ARPU spend approaching £50 which is significantly higher than the industry average.
Acquisition of Boucon Network Solutions – Based in Swansea, Boucon is a leading provider of Internet Protocol (IP) based telephony solutions, and like SpiriTel, has the highest level of accreditation with Mitel as a Premier Partner. Boucon has a high quality customer base including the DVLA and a number of NHS Trusts and county councils, with whom Boucon has contracted maintenance agreements.
Acquisition of ADK Communications Limited – ADK has been established for a number of years and sells voice and data services (inbound and outbound voice, broadband, wholesale line rental and non-geographic numbers) to around 300 corporate customers in the UK.
Acquisition of Edge Solutions Limited – Edge is a London based leading provider of network services to almost 200 corporate customers including a number of blue chip financial institutions.
Acquisition of ED Communications – EDC has been established for a number of years and sells voice and data services (inbound and outbound voice, broadband, wholesale line rental and non-geographic numbers) to the corporate market in the UK.
Why HMT
Passionate
We are passionate about delivering an optimal outcome for our clients and helping them achieve their personal objectives. We understand entrepreneurial businesses because we are one
Our Deals
Personal
Partners are supported by high-calibre professional staff who share our core values of enthusiasm, energy, entrepreneurialism and empathy to our client’s objectives
Our Team
Proven
Our Partners have unparalleled deal experience in the mid-market and are supported by a team of dedicated deal-doers with specialist capabilities and experience
Our Awards
Connected
We have an extensive network of acquisitive corporates, institutional investors and debt providers both in the UK and internationally through our membership of our global network ICFG
Our NetworkLatest News