Aliter Capital LLP, the specialist investor focused on small to mid-size UK support services businesses, completed an investment in ITM Communications Ltd. ITM is a network connectivity and IT Managed Services provider, based in Milton Keynes. ITM works throughout the UK, servicing a customer base including blue-chip private companies and major public sector bodies.
The current ITM management team, led an MBO of the business in 2010, and they are remaining with the business, following the acquisition. ITM employs 85 employees with robust levels of growth during the last few years.
This latest deal is consistent with Aliter’s strategic focus on using its deep industrial expertise and broad networks to help drive both organic and acquisitive growth, to gain scale and a national footprint.
BDO provided financial and tax due diligence in support of the process.