Benchmark International is pleased to announce the acquisition of Sheffield-based Systems Assurance by Warrington-based CloudCoCo.

Systems Assurance is a Microsoft Gold B2B reseller of IT hardware, software, and solutions, working with SME and public sector clients through its portfolio of cloud subscriptions and migration services. In the year ending 31 December 2020 the company generated revenue of £6.09m and an adjusted EBITDA of £209k.

CloudCoco is an AIM-listed provider of IT and communications services to businesses and public sector organisations. The acquisition of Systems Assurance marks part of CloudCoco’s buy and build strategy.

Chris Wheater, director at Systems Assurance, said this about working with Benchmark International: “There are many companies out there offering to find a buyer and help sell your company. So it's a big step to finally pick one, sign up and pay your money. I’m happy to report that Benchmark provided a great service and did what they said they would. We recently completed our sale and I would have no hesitation in recommending them. James Robinson and Roger Forshaw were supportive every step of the way and their experience and calm heads are just what is needed especially in the latter stages. A great service all round.”

Benchmark International is pleased to announce the transaction between Liverpool-based, The Bookyard, and London-based Restore.

Established in 2006, The Bookyard is a specialist recycler and supplier of service parts, tools and accessories for Apple computers and devices.

Restore is an AIM-listed document management, shredding and computer recycling company, providing its services to offices and workplaces in both the private and public sectors.

Representing another milestone in Restore's strategy for growth via organic expansion, strategic acquisition and margin improvement, the transaction is designed to further strengthen Restore's capability in the growing recycling market for Apple goods.

Eyebrows were raised earlier this week when one of the U.K.’s largest dog-walking franchise businesses, Barking Mad, was snapped up by AIM-listed Franchise Brands for almost £1 million. While the deal highlights a booming sector in the U.K., it also points to the attractions for acquirers that go beyond particular sectors or industries and gives crucial insight for business owners who are exploring options for partial or full exit from a business, or turning to outsiders for investment.