Evolution Capital announces sale of ACS Group to AdEPT in £7.5m deal

Evolution Capital is delighted to announce it has advised on the sale of Advanced Computer Systems Group (ACS Group), a highly profitable Yorkshire-based IT specialist focused on schools and SME businesses across the UK, to AdEPT Technology Group plc (AdEPT), the established and growing AIM-listed ICT services provider. Evolution Capital acted as advisers to the owners of ACS Group, which led to AdEPT acquiring 100% of the business for a headline price of up to £7.5 million in April 2019. The group was established in 1999 as IT specialists for small businesses and educational establishments in South Yorkshire. The company was founded by brothers Mike and Kevin McEwen, who grew ACS Group into a thriving niche business with a loyal customer base of over 200 satisfied customers nationwide at the transaction date. This provision of excellent customer service and dedication to bespoke solutions was at the heart of the success of ACS Group.