Benchmark International is pleased to announce the transaction between Bath-based managed service IT provider, Westgate IT, and Sussex-based Acora.
Established in 1997, Westgate IT is a provider of IT support, subscription and cloud-based services, and bespoke security solutions.
Acora is an award-winning managed IT services company based in London, Sussex and the Midlands. Services range from the design and build of complex solutions to the day-to-day management of services. Acora is backed by Palatine Private Equity, an independent private equity firm headquartered in Manchester.
This highly strategic acquisition is of significant importance to Acora, allowing it to further expand into the South West with greater access to local talent, an additional service centre and more than 100 clients.
Post-acquisition, Westgate’s staff will join the Acora team creating a 400+ strong team of IT professionals and be led by John Gbel, who remains as Head of Operations.
David Rabson, Chief Executive at Acora, said: “We have been tracking Westgate for some time for their exciting young team, who we plan to invest in and develop further as part of Acora. In addition, the customers and markets with whom Westgate have deep relationships align well with Acora’s existing sector focus and we believe their client base will benefit from Acora’s scale, its wider set of capabilities and the investments we have made in our world-class service delivery.”
James Karp, Acora COO, commented: “We have been impressed by the strength of the relationships Westgate holds with its clients and we see an opportunity to integrate Westgate’s managed security services with our own, to the benefit of the combined customer base”.
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’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $7B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.