Air-IT has acquired Managed Business Communications Ltd (MBC) – a fellow Nottingham-based business that provides fully-managed telecommunications packages to local firms. The acquisition took place on 1 May 2013 for an undisclosed sum, and was handled by two local law firms: Geldards LLP acting for Air-IT and Eversheds LLP, representing MBC.
Established in 2005, Air-IT offers a full range of managed IT services and outsourced support to SMEs in Nottingham and the wider East Midlands. The acquisition of MBC will enable the company to offer a fully-converged IT and telecoms solution to its existing 150 clients as well as MBC’s 200-strong customer base. Total group turnover is expected to be around £2m for the next financial year.
Air-IT’s Managing Director, Todd McQuilkin, comments: ‘We’re thrilled to have acquired MBC, our long-term preferred communications partner. Both companies are specialists in their fields and have always enjoyed a great relationship. Our investment means we can add real value to our clients with high quality, business communications products from a leading local provider.’
After the transfer takes place, MBC will continue to trade under its own name. The company will move into premises owned by Air-IT at the prestigious Nottingham Business Park, next door to Air-IT’s Head Office. Former Managing Director Simon Leadley will become Sales Director for both businesses, whilst Mr McQuilkin will add Managing Director duties for MBC to his existing role.
Mr Leadley commented: ‘The acquisition is great news for everyone involved. After all the hard work that’s gone into getting MBC where it is today, I can’t think of a company that’s better-placed than Air-IT to take it forward. They have the enthusiasm, resources and technical skills to move MBC on to the next level, and they’re in the ideal position to ensure future growth for both companies.’
In fact, further growth is already on the cards for Air-IT. After seeing staff numbers swell to more than 20 as a result of the acquisition, the firm is already planning the imminent recruitment of four further team members. Says Mr McQuilkin: ‘The MBC acquisition is just the latest step in our ambitious expansion plans. There are exciting times ahead for Air-IT – so watch this space.’
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