Benchmark International is delighted to announce the sale of managed IT services provider, Pebble IT, to internet service provider, Optimity.
Pebble IT offers a vast array of flexible IT services to clients deriving from a range of sectors, such as branding and design, market research, recruitment and architecture. The company has grown revenues 94% over the last five years and has key partners including Google, Microsoft, Cisco and Sophos.
Optimity Limited is a leading London-based connectivity, IT, and managed services provider. Backed by FPE Capital, a growth focused private equity investor in UK mid-market companies, Optimity has transformed London’s high-speed connectivity market by providing a unique alternative to fibre connectivity and has since extended its product set into a full IT service for smart campus and workplace environments.
The acquisition will help Optimity to accelerate strong organic growth in managed services and in the provision of smart, secure and intelligent IT solutions for campus and workplace environments, and will strengthen the services Optimity provides to existing customers.
Following the acquisition, David Osen, Managing Director of Pebble IT, will join the Optimity executive team as Chief Information Officer.
David Osen commented: “We are delighted to bring Pebble IT’s skills and product set to a wider London market through this combination with Optimity.”
Discussing the deal, Optimity’s CEO, Leeland Pavey, said: “Optimity’s position in London is well established and the business has been hugely successful in providing alternative connectivity solutions, coupled with the ability to modernise campus and office IT infrastructure environments. With Pebble IT’s support we will be better positioned to deliver next generation, integrated IT technologies for our customers. Optimity has leading industry experience and a proven track record of investment in ‘backbone’ data service and infrastructure. By integrating the services both companies provide, we can offer our customers core infrastructure services right the way through to endpoint device management - with everything else in between!”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 813 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.