Benchmark International is pleased to announce the acquisition of managed services provider, Key Digital, by Franking Sense.
Established in 2010, Key Digital is a specialist in digital transformation, document workflow, print technologies, and IT services. The company supplies multi-functional print devices and managed print services, as well SaaS software licences with professional IT support services.
Franking Sense® is a leading UK supplier of managed print, franking, mailroom, and document processing solutions with offices in Manchester, London, Glasgow, and Wrexham.
Both local, family-run organisations that operate throughout the UK, the acquisition is an ideal partnership for facilitating Key Digital’s growth strategy as it continues to operate from its Burnley home.
Andy Ratcliffe, managing director of Key Digital, said this about working with Benchmark International:
“Selling my business was the most important deal of my life and the one I had been working day and night for 13 years for. When I engaged Benchmark, I did not appreciate what an important role in the process they played. From day one until the completion, they were extremely professional and were always on hand and available for advice and guidance. They worked tirelessly to get me the best deal and at no time did I feel that they were only interested in their fee. I was amazed at the number of quality potential buyers they found which resulted in numerous offers, giving me the luxury of choice. Best decision I made was to choose Benchmark.”
On the acquisition, Mr. Ratcliffe added: "We have spent the last few years perfecting our Digital-First operating model and that has allowed us to become a nationwide sales and support business.
"Where many competitors have shrunk or gone out of business following the COVID-19 pandemic, we have beaten all expectations and flourished immensely in this time - and I can't see that stopping any time soon!
"With Franking Sense's help we will be able to accelerate our growth plans and maximise Key Digital's full potential."
Julian Gilbert, managing director of Franking Sense, said: "I was very intrigued by the way Key Digital operate. It is a very lean way of selling to and supporting customers.
"I am really looking forward to working with Andy and all the team at Key Digital, it is a really positive step forward for us both."
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $9.4 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.