Private equity firm generates 5.3x return with sale of digital transformation provider

Mon 20 Jun 2022 | BUSINESS SALE

Beech Tree Private Equity has sold digital transformation and technology solutions company BCN to ECI Partners in a transaction that generates an initial 5.3x return on investment. Beech Tree acquired BCN four years ago and since then has contributed to the organic and acquisitive growth of the business.

BCN Group, which initially operated largely as a helpdesk company and hardware reseller, has now grown into one of the UK’s leading technology solutions companies and offers a comprehensive digital transformation offering.

Beech Tree’s investment helped accelerate the company’s growth rapidly. At the time of the Beech Tree acquisition, BCN generated revenues of approximately £10 million. The company’s annual turnover is now over £40 million.

Commenting on the deal, Adam Rudd, Partner at Beech Tree Private Equity, said, “When we backed them in 2018, we could see the potential to create a market-leading Microsoft partner that could support the entire digital transformation journey of a customer. Through alignment of our shared vision and focused execution of our organic and M&A strategy, we achieved what we set out to do. »

BCN co-founder Simon Kelf said, “We put together a market-leading management team and, importantly, we created what we wanted to achieve. Organic growth complemented by targeted acquisitions has enabled us to become a market leader in the space.

BCN Group CEO Rob Davies added: “In this age of digital transformation, there is a tremendous growth opportunity for BCN Group to help customers solve their IT challenges and get the best possible results from technology. for their business. When I joined BCN Group, management and Beech Tree agreed on a strategy to position us as a market-leading company for the future.

“Together we have created an incredible company. I look forward to the next step in our partnership with ECI Partners as we focus on our goal of becoming the Microsoft MSP market leader in the UK”.

Learn more about mergers and acquisitions in the professional services industry.

Find businesses for sale here.

If you are looking for an exit, we can help you!.

Share this article

Comments are closed.