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Evolution Capital · 25 Years · 250+ Deals

Evolution Capital supports Redsquid on successful acquisition of Ark ICT

Evolution Capital was proud to support Redsquid as their Financial Due Diligence partner on the acquisition of Ark ICT, continuing our relationship with one of the UK technology channel’s most active acquirers.

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The Background.

Redsquid, the UK based managed technology and cybersecurity provider, has acquired Lincolnshire based Ark ICT as part of its continued buy and build strategy.

Founded in 2001 and based in Spalding, Ark ICT provides managed IT support, hardware, software, consultancy and training to schools and businesses across the region, with approximately 80% of its customer base operating within education.

The acquisition builds on Redsquid’s growing presence in the education sector following its acquisition of Partnership Education earlier this year, also supported by EC, while broadening their reach within the SME market. Ark ICT’s established regional relationships and education expertise will sit alongside Redsquid’s wider capabilities across cybersecurity, cloud, connectivity, workplace technology and AI enabled transformation.

Table of Contents

01

The Background

02

Advice, Planning and Preparation

03

A Successful Outcome
Evolution Capital

Evolution Capital acted as Financial Due Diligence adviser to Redsquid on the acquisition.

Using the EC Analytics toolset alongside specialist transaction analysis, the team supported Redsquid in developing a detailed understanding of the underlying financial performance and commercial characteristics of the business.

The work provided greater visibility over the factors underpinning performance and value, helping the Redsquid team assess the opportunity within the wider context of its acquisition strategy and make informed decisions as the transaction progressed.

For an increasingly acquisitive business, this continuity of insight is particularly valuable. Each transaction is considered not simply in isolation, but against the strategic, operational and financial characteristics of the wider Group.

Advice, Planning and Preparation

“We were pleased to work with Evolution Capital again on the acquisition of Ark ICT. Their Financial Due Diligence support gave us a clear view of the underlying performance of the business and the factors most relevant to the investment case. Just as importantly, the team understood the wider context of our acquisition strategy, helping us assess Ark ICT not only as a standalone opportunity, but as part of the continued development of the Redsquid Group.”

Sohin Raithatha, CEO of Redsquid

Evolution Capital

A Successful Outcome

The acquisition of Ark ICT represents another important step in Redsquid’s continued expansion and further deepens a specialist education capability that has become an increasingly significant part of the Group’s growth strategy.

Ark ICT customers will continue to be supported by their existing local team, while gaining access to the wider capabilities and resources of the Redsquid Group.

Sam Godfrey, Transaction Services Director at Evolution Capital, commented:

“Our role was to give the Redsquid team a clear, evidence based view of the business behind the headline numbers.

Through detailed Financial Due Diligence and the EC Analytics toolset, we were able to provide greater visibility over underlying performance, earnings quality and the commercial characteristics driving value. That gave the team a stronger basis from which to test assumptions, understand risk and assess the opportunity in the context of their wider acquisition strategy.

We were proud to support Sohin and the team again and to bring continuity, sector knowledge and financial insight to another important transaction.”

The transaction follows Redsquid’s acquisitions of Security Software Solutions, Partnership Education and WTL during 2026, reflecting the pace and breadth of a strategy that is building greater scale while developing deeper expertise across education, cybersecurity and enterprise technology.

For Evolution Capital, it was a pleasure to once again support the Redsquid team on its continued growth journey and to play a role in another transaction within one of the UK technology sector’s most active buy and build strategies.

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