LDC has further solidified its reputation as the channel’s most prolific investor by flinging some cash at Creative ITC.
Creative ITC is renowned for its mission-critical cloud infrastructure solutions tailored to the architecture, engineering, and construction sectors.
This is LDC’s second UK channel investment this year, following its support for Scottish MSP Kick ICT in January. The midmarket private equity firm’s portfolio already includes notable IT solutions providers such as OneCom, Acora, Red Helix, and DSP.
Creative ITC, whose clientele includes industry giants like WSP, AtkinsRéalis, and Foster + Partners, experienced a 12 per cent revenue dip in 2022. This decline is attributed to a strategic pivot towards recurring, multi-year contracted revenue. The company plans to use LDC’s investment to fuel ongoing growth, penetrate new markets, and enhance product capabilities, while also exploring complementary acquisitions.
LDC’s investment supports the leadership team at Creative ITC, headed by co-owners CEO Keith Ali and President Eamon Murchan.
Ali said: “This is an exciting time for our business. Having grown rapidly in recent years, we’re now perfectly placed to explore new markets and continue to enhance the service we offer to our customers.”
He further praised LDC’s understanding of Creative ITC’s operations and its impressive track record in supporting similar businesses, highlighting its flexible funding approach to acquisitions.
“We’re looking forward to partnering with them throughout this next phase of growth,” Ali said.
