When David and Matthew approached us to help buy out the company they worked for, we listened. Their plans made sense and their ambitions for growth well founded and we wanted to help.
The company provide a one stop shop for IT service provision. They have a team of experts operating from their base in Hessle, near Hull, providing IT support and consultancy to their customers around the UK.
It’s the ability to speak to an expert that matters so that customers get their issues solved quickly. They provide 24/7 cover, if their customers are working then so are they. But it’s not just about the everyday, Intrasource are regularly involved in bespoke project work: understanding problems and delivering solutions.
"Exit discussions were fair and straight forward. No penalties, just a conversation about company value and agreement reached with the same people that made the investment happen. We’re a stronger, more valuable company for having worked with UKSE"David Collings - Director
How we did it.
We provided an equity investment package to help make the buyout happen. And we ensured there was adequate working capital too.
5 years later and with plans achieved the guys wanted to buyback the shares. We don’t have exit clauses or penalties, so there’s no pressure. Agreement was easily reached and fair to both sides. David and Matthew move on with our best wishes and we’re still here if they need us.
Our funding enabled David and Matthew to buy the company. Five years on they own 100% of the company.
Keeping it local
The management buyout ensured the business and jobs stayed in the local area.
Sales and numbers employed have grown by over 40%