Adept Technology Group
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template M&A Managed Buy and Build Programme Technology, Telecoms 2005 – 2021 Background AdEPT Technology Group was founded in 2003 and provides managed services and telecoms solutions to over 12,000 commercial customers, both domestic and business, across the UK. Since 2005, Evolution Capital have developed and provided strategic business advice which have delivered outstanding outcomes for the shareholders of AdEPT Technology Group. To date, we are proud to have advised AdEPT Technology Group through sixteen successful business acquisition transactions. The Challenge Through a series of bespoke, value-enhancing programmes,strategic business advice combined with our unique understanding of the sector,derived from decades of experience and the tireless work undertaken by our analysts, dealmakers and chartered accountants, Evolution Capital have worked closely and consistently with AdEPT Technology Group, to ensure optimal outcomes for the shareholders and management teams, whilst delivering verified prospects to the acquisition criteria, with focus on synergy with acquisitions through value growth initiatives Advice, Planning and Preparation Meticulous planning is our forte, and through a bespoke methodology, combining a schedule of prospecting presentations developed by our deal originators, to ongoing understanding and analysis of the acquisition criteria and value-enhancement programmes, the Evolution Capital team advised the shareholders of Adept through an array of acquisitions of varying value,including the most recent acquisition of Datrix. The services our team provided included: · Weekly presentations to the shareholders and managements teams · Teasers and snapshots of businesses verified and qualified against the acquisition criteria · Ongoing analysis and market landscaping · A review of relevant financial and management information · A detailed risk analysis report · The preparation of all appropriate documentation Ian Fishwick, CEO of AdEPT commented: “The Datrix acquisition is the fourteenth transaction that we have completed with the advice and guidance of Evolution Capital. The best recommendation that I can give anyone when considering whether to engage with a professional adviser is that we continue to use Evolution Capital regularly and keep paying for them to deliver their services.” Maximising the value through business acquisition Throughout the 15+year relationship with Evolution Capital, AdEPT have completed north of 16 transactions with the advice and guidance of Nigel Cook and the team at Evolution Capital. Our unique approach, which combines the collaborative nature of our team of chartered accountants, transaction experts, sector specialists and analysts, is what sets us apart and allows us to deliver outstanding outcomes for our clients. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Adept Technology Group Buyside M&A Excalibur Acquisition Ridgewall Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Service and Mobile Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, M&A Managed Buy and Build Programme Adept Technology Group December 2, 2025 Buyside M&A, Case Studies, Managed Service and Mobile Excalibur December 2, 2025 Acquisition, Case Studies, Telecoms Ridgewall December 2, 2025 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Excalibur
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Buyside M&A Managed Service and Mobile 2022 Our Blog Related Case Studies View all Buyside M&A, Case Studies, Managed Service and Mobile Excalibur December 2, 2025 Acquisition, Case Studies, Telecoms Ridgewall December 2, 2025 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Ridgewall
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Telecoms 2020 Evolution Capital is delighted to announce its strategic review and three-year M&A, funding and advisory programme of London-based MSP Ridgewall has resulted in an investment in the business by leading private equity firm Inflexion. The private equity investment is being made by Inflexion Enterprise Fund V, Inflexion’s dedicated lower mid‐market fund. The firm has also backed Ridgewall’s simultaneous acquisition of QDOS, a specialist provider of managed IT and communications to the hospitality industry, including leading international hotel brands. Evolution Capital was commissioned in May 2017 to deliver a strategic review of Ridgewall in a bid to advise shareholders on which direction to take the business. The Evolution Capital advisory team explored various different strategic options including a sale, organic growth and a combination of acquisitions, funding and organic growth. This detailed review also included providing current and prospective valuations. Shareholders had a target valuation in mind, however the review indicated the business was short of that target. Evolution Capital therefore set out a range of plans and options to advise and help shareholders achieve their goal over an appropriate time period. The plan involved strategic M&A, funding and organic growth in value, including an increased focus on recurring revenue contracts as opposed to one-off and multi-service offerings.Acquisitions had to fit the right profile and enhance value, ideally with synergies as well. Ridgewall agreed with the plan and Evolution Capital set about advising on implementation. Acquisitions were made in 2018 (Connecting London, Telnet International) and 2019 (Nomis Connections), before the fourth acquisition (QDOS) at the same time as the partial sale to Inflexion last month. Ridgewall’s chief executive Dominic McAnaspie said: “Evolution Capital worked with us for two-and-a-half years and demonstrably enhanced value. The team’s thoroughness and attention to detail, their knowledge of the market and can-do attitude was exactly what we needed. The plan they put in place, with its focus on developing long-term customer relationships, enabled us to achieve our target valuation goal. Without Evolution Capital the deal with Inflexion would never have happened.” Evolution Capital advised on the four acquisitions, including introducing and advising on debt funding from Clydesdale Bank, as well as the investment by Inflexion.Ridgewall was established in 2011 and provides business critical services in IT, communication and cyber security to SMEs. QDOS-sbl is Ridgewall’s fourth acquisition in the last twelve months and enhances the company’s technical capability and international footprint as well as diversifying the client base. The combined group now employs over 100 people, servicing around 1,800 customers. Duncan Gregory, transaction services director at Evolution Capital, said: “We’re delighted to have advised Ridgewall throughout such an exciting time in the company’s journey. We believe the combined group is now well placed to grow capital for investors in an exciting sector through a buy-and-build strategy. We have seen for some time that the sector is somewhat fragmented, creating genuine opportunities for such a strategy.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Ridgewall Business Sale Pescado Acquired Datrix Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms Ridgewall December 2, 2025 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Pescado
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Business Sale Business Sale, ICT September 2021 Market leader in bespoke business communications, Pescado, has been acquired by Arrow Business Communications in September 2021. Founded in 2006 by Group Financial Director, Jonathon Weeks and Group Managing Director, Fraser Watson, Pescado is a highly profitable leading national mobile, hosted and IT solutions provider with first-rate network accreditations based in the north-west. Arrow, operating out of eleven offices across the UK specialises in solutions for businesses encompassing Collaboration, Connectivity, Cyber Security and Cloud and Infrastructure Managed Services. Evolution Capital’s Transaction Services Director, Duncan Gregory said, “We have been delighted to collaborate closely with the team at Pescado over a very bumpy period for business globally thanks to the Covid pandemic. The company was a compelling proposition, and we were pleased to help them achieve such a great strategic fit which will ensure an exciting future as part of Arrow Communications.” Evolution Capital’s over-arching review of the company gave an early indication of value which led to preparation for sale just before the first nationwide lockdown. Gregory said, “No-one could predict at that time whether buyers would retreat as a result of the unusual events but, given our industry knowledge and expertise, we were able to maximise value despite a challenging macro-economic period. We are delighted for all parties.” Pescado’s Fraser Watson said, “Duncan and Sam at Evolution Capital educated us throughout the whole sales process which we were naïve about to begin with. They always kept us very informed and prepared us, along with the business, right from the start on how the following weeks and months were likely to unfold. Both of our main contacts at Evolution Capital left no stone unturned and were available to us for support and guidance at any time. We saw a number of advisors before we settled on Evolution Capital but chose them because we were so impressed by their incredible in-depth knowledge and understanding of our complex industry.” Jonathan Weeks agrees and adds, “We were warned that selling our company could be painful at times – and it was – so we were so glad that we had the support of Evolution Capital who walked closely beside us throughout the whole journey. We have already recommended them for their exemplary professionalism and wouldn’t hesitate to do so again.” CEO at Arrow Business Communications, Richard Burke comments, “I’m really looking forward to welcoming the vastly experienced Pescado team to Arrow and working alongside them to drive the organic growth of some key solution areas across the Group. Their sales-focused mentality, combined with Arrow’s broad product offering and expertise, will significantly enhance our ability to win in the marketplace.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Pescado Acquired Datrix Buy-side M&A advice Arrow Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Case Studies, Strategic review & business sale ACS Group December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Datrix
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Acquired Acquired, tech 2021 AdEPT, one of the UK’s leading independent providers of managed services for IT, connectivity, and cloud services are a long-standing business partner of ICT M&A advisors Evolution Capital. AdEPT has been highly active in the telecoms market acquiring businesses to complement their expanding portfolio and in 2020 appointed Evolution Capital as advisors for the Group’s next acquisition. The brief was to identify, qualify and introduce the company to suitable enterprises looking to exit through a business sale. AdEPT had an exacting list of selection criteria and wanted to target organisations that would enable considerable advancement in the area of enterprise networks and cyber-security. The Challenge In an industry where there are a plethora of technology companies looking to be acquired the challenge in finding suitable candidates is an exacting and time-consuming process. Evolution Capital’s mission is to use its expertise, robust methodologies and strategic partnerships to ensure clients get the right solution for their requirements. Finding the right organisations that fit the selection criteria was perceived by AdEPT to be a challenge that necessitated expert advice and guidance. High on the list of requirements from an acquisition included technical expertise in specific market places, an established enterprise customer base and significant recurring revenues. Further challenges were introduced by the effects of the global pandemic which reduced the amount of physical meeting time normally associated with such a detailed search and fulfilment programme. Advice, Planning and Preparation Evolution Capital carried out an ‘in-depth review of the market place to identify appropriate acquisition targets to support AdEPT’s stated objectives. After identifying several potential targets and matching them to requirements introductions were initiated. Potential acquisitions needed to fulfil the stated criteria of enhancing AdEPT’s capabilities and increasing its market share in key cloud-centric growth. Datrix was highlighted early in the process as an organisation that could potentially ‘tick all the boxes’. It was identified as a substantial, strategically important acquisition, in line with AdEPT’s strategy. Evolution Capital planned and managed the complete process, including the sale documentation, in conjunction with a strictly adhered to timetable. A Successful Outcome. AdEPT acquired Datrix Limited in April 2021 in a deal valuing the business at £16m which was funded through the Group’s new bank facility. Datrix is an established, award-winning supplier of advanced cloud-based networking, communications, and cybersecurity solutions, headquartered in London. Evolution Capital oversaw the complete process ensuring an optimal outcome to the satisfaction of both parties. Ian Fishwick, Chairman of AdEPT, said, “The Datrix acquisition is the fourteenth transaction that we have completed with the advice and guidance of Evolution Capital. The best recommendation that I can give anyone when considering whether to engage with a professional adviser is that we continue to use Evolution Capital regularly and keep paying for them to deliver their services.” Phil Race, Chief Executive of AdEPT, said, “Datrix is a high-quality business with a well-established customer base, generating strong levels of recurring revenue and a cash generative, capex light, business model. We are delighted that the key members of the Datrix senior management team have chosen to join us. I look forward to working with them over the coming years and, on behalf of the Board, welcome them wholeheartedly to AdEPT.” Nigel Cook, Group MD of Evolution Capital said, “We are delighted to have advised AdEPT Technology Group with this, our fourteenth acquisition together. Each deal is unique and I am most pleased with the speed in which all the teams – Datrix, AdEPT and Evolution Capital –achieved our end of year deadlines and without compromising quality and value for all parties.” Mark Thomas, Managing Director of Datrix, said “We are delighted to become part of the AdEPT Technology Group. From the outset, it was clear that the solution set we take to market is complementary to AdEPT’s, and that the combination of AdEPT and Datrix expertise will bring benefits to both parties, and crucially to our customers. Our joint presence in the NHS will undoubtedly create new opportunities and being part of a larger group will help us capitalise on the growing and substantial market for advanced cloud-centric networks and cybersecurity.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquired Datrix Buy-side M&A advice Arrow Case Studies Business Mobiles Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Case Studies, Strategic review & business sale ACS Group December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Arrow
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Buy-side M&A advice Buy-side M&A advice, Telecoms and IT 2011 – Present Background Since 2011, Evolution Capital have worked with the shareholders of Arrow Business Communications through a number of business transactions. Now, with over 20 years in the business telecoms industry and an unrivaled reputation of delivering excellent, personal customer service, Arrow is established as a leader in this space. Similarly, Evolution Capital’s experience and longstanding reputation within the Telecoms and IT sector has enabled the team to build a trusting and strong relationship with the management team at Arrow. The Challenge Moving from mobile to telecoms and IT, Arrow’s first and largest acquisitions have been conducted by the Evolution Capital team. It is a testament to our relationships within the sector, that we are able to deliver synergistic acquisitions to build the companies services and customer base. Advice, Planning and Preparation Despite the effects of the pandemic, the deal was efficiently concluded in good time; proof positive that carefully delineated buying criteria and a detailed timetable can be met and achieved in the most trying of business environments. Maximising the value through business acquisition Following the first successful acquisition in 2011, Evolution Capital have advised the shareholders of Arrow Business Communication through various acquisitive transactions, including the purchase of BTL Communications, and most recently, Pescado. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Buy-side M&A advice Arrow Case Studies Business Mobiles Case Studies ACS Group Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Buy-side M&A advice, Case Studies Arrow December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Case Studies, Strategic review & business sale ACS Group December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Business Mobiles
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Strategic and M&A advice Strategic and M&A advice, Telephony 2013 – Present “They showed us what our business actually looked like in a way we had never seen it before, which was inspiring” Background The story of BusinessMobiles.com started in 1999 in a basement on Shepherds Bush Road in London at a time when the Nokia 6210 was the entrepreneurs’ weapon of choice. BusinessMobiles.com was the company supplying local businesses with their first WAP phones back in 2000. Then, the company introduced customers around the country to 55 mins a day of extra productivity with a Blackberry in 2001, through 14 generations of iPhone, BusinessMobiles.com has supported their customers in always getting the most for their money. In 2019, when most of the country had eliminated their customer service support and taken service “online-only”, the company decided to invest even more into the customer experience for its 20,000+ UK customers. Advice, planning and preparation BusinessMobiles.com Managing Director Charmaine de Souza engaged with Evolution Capital to undertake and deliver a strategic review to further grow the business and position the company more competitively. Alongside our research analysts and chartered accountants, another key differentiator is our sector experience. The Evolution Capital team delivered structured advisory services delivering additional value to the shareholders of the business throughout several engagements throughout the years. Using our knowledge of the industry, coupled with objective insight, our team is able to identify avenues for growth, risk mitigation and provide additional strategic advice to complement your own planning. Successful outcomes Through a strategy of meticulous preparation, bespoke methodologies and proven processes to maximise and grow business value, combined with advice and analysis produced by our team of chartered accountants, market analysts and transaction experts, BusinessMobiles.com continues to successfully grow, not only profit, but more importantly value. Read the full interview here More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Business Mobiles Case Studies ACS Group Business Sale Glemnet Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Case Studies, Strategic review & business sale ACS Group December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
ACS Group
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Strategic review & business sale IT, Strategic review & business sale April 2019 ACS Group was launched in 1999 as IT specialists for small businesses and educational establishments in South Yorkshire. The company was founded by two brothers, Mike and Kevin McEwen in Doncaster, on the back of a £5,000 loan from the Halifax Building Society. Today, they are the proud owners of a thriving local business with over 250 customers and a retention rate of over 95% – an envious target for any business providing IT support. The challenge Like many successful business owners, the McEwen brothers always kept a weather eye on the mergers and acquisitions market. When they were approached by Evolution Capital in 2016, the brothers decided the time was right to prepare ACS for a potential sale. Mike McEwen, co-owner of ACS Group, said: “Whilst we were very comfortable with the growth of our business and what we needed to do to continue our success, we were not quite so sure about presenting ACS Group to the outside world. After a couple of meetings with Evolution Capital, it became very clear that we required some high-level expertise. The team was very knowledgeable and provided us with invaluable advice.” Advice, planning and preparation Evolution Capital kick-started the process with a full strategic review. The exercise culminated in the delivery of a 30-page document providing a detailed appraisal of the business, current valuation and importantly the necessary recommendations for ACS Group to achieve its optimum outcome. The review was conducted over a six month period and involved a multi-disciplined approach. During this time Evolution Capital provided experts to address many of the different challenges that ACS Group needed to tackle, in order to become an attractive proposition for an acquirer. Particular focus was given to the company’s transactions, operations and financial processes. Detailed analysis and recommendations were then provided in each area, including: Making customer contracts more valuable Removing all unnecessary costs Streamlining the operations Ensuring that a proper structure was in place to the benefit of any future acquirer. Mike McEwen continued: “The team at Evolution Capital took us out of our comfort zone and questioned our existing processes and methodologies. It highlighted what we needed to do to exit the business at the right price.” Unlocking hidden value Following the review, ACS Group set about implementing Evolution Capital’s specific recommendations in a number of areas including cost management, team restructuring and sales process. This soon produced some very tangible benefits: An increased focus on new business created additional value Existing clients were re-signed on long-term contracts enhancing the predictability of sales forecasts Reorganising the company’s assets resulted in an increased EBITDA Removing unnecessary support and infrastructure costs gave the company a higher valuation multiple. Kevin McEwen added: “The impact was dramatic. We thought we had a robust sales process but after we implemented the recommendations our sales force went from 12 to six people. Yet, the smaller team generated much more revenue. The result was that we accelerated our bottom line profit significantly.” A successful outcome All the recommendations in the strategic review were implemented, successfully enabling ACS to pursue its desired exit strategy of a trade sale at a much-improved valuation than had originally been expected. A detailed Investment Memorandum was prepared by Evolution Capital and suitable buyers were approached. Mike McEwen said: “We are absolutely delighted with the results of our partnership with Evolution Capital. Not only has the team proved its comprehensive knowledge of our marketplace but its expertise, demonstrated in guiding us toward our goals, has been exemplary. Its proposals and advice have been exactly what we needed.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies ACS Group Business Sale Glemnet Business Sale Centrix Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, Strategic review & business sale ACS Group December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Business Sale, Case Studies, Unified Comms Glemnet December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Glemnet
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Unified Comms Business Sale, Unified Comms 2023 The Evolution Capital team are proud to have advised the shareholders of Glemnet in achieving an outstanding outcome. Glemnet, based in London and founded in 2001, is a leading provider of Unified Communications, cloud, and mobile solutions. We hope to release more on this deal in the future, but for now, simply a congratulations again, to all involved in the transaction. Evolution Capital provides strategic and transactional advice to business owners and entrepreneurs, exclusively operating within the IT, Tech and Telecoms arena. With over two decades’ experience advising within this space, combined with our unique collective of ACA qualified accountants, experienced transaction experts and meticulous market analysts work to achieve outstanding outcomes for our clients. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Glemnet Business Sale Centrix Case Studies Nine Group Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Business Sale, Case Studies, Unified Comms Glemnet December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Centrix
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Business Sale Business Sale, IT, Telecoms 2015 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Background Centrix, based in Hampshire, is a specialist provider of complex unified communications, Avaya IP telephony, hosted IP solutions and managed services. Advice, Planning and Preparation Evolution Capital were delighted to have made introduced and guided the transaction process for the shareholders of Centrix, in the sale of the business to AdEPT. Evolution Capital has acted as exclusive corporate finance advisors in the acquisition of Centrix Limited. Completed on 1st May 2015, AdEPT have acquired the entire issued share capital of Centrix Limited, a UK based specialist provider of complex unified communications,Avaya IP telephony, hosted IP solutions and managed services. The deal is structured with an initial consideration of £7 million plus the adjusted cash balance of Centrix, payable in cash at completion. Further deferred variable consideration of up to £3.5 million is payable in cash dependent upon the trading performance of Centrix in the 12 months post-acquisition. A successful outcome “Evolution Capital’s sector knowledge was vital to finding the right partner for AdEPT. Evolution Capital’s transaction and industry experience added value throughout the acquisition process and their commitment helped us to achieve our overall goals and shareholder objectives,”said Mr Ian Fishwick, CEO of AdEPT. “We are pleased to have used our significant experience in the telecoms sector to play a part in this exciting transaction,” said Nigel Cook, Managing Director, Evolution Capital. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Centrix Case Studies Nine Group Acquisition XLN Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, Telecoms Centrix December 2, 2025 Case Studies, M&A Managed Buy and Build Programme, Telecoms Nine Group December 2, 2025 Acquisition, Case Studies, Telecoms XLN December 2, 2025 Business Sale, Case Studies, ICT ACR December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter