There was a huge appetite amongst acquirers for a London based IT Support company as ETSC found out when it attempted to flog NSIS systems.
Its Client Stephan Buys was the main shareholder in NSIS Systems. His wife was a non-executive minor shareholder, and the other partner was Sian Banks, who wanted to stay on after an acquisition. The company is a mid-sized IT support Company based in Central London. The business was started in 2006 by the original partners and specialises in outsourced ICT functions within the SME sector.
The services offered BY NSIS include disaster recovery, cloud solutions, as well as IT support, and hardware and software sales. The target SME size is between 10-50 personnel, and the company prides itself for being a “one-stop shop” for its clients.
After such a long time in the industry, Buys decided to sell as he realised he had lost interest and the business needed leadership to grow. Sian still had an appetite to continue in the success of the business, and it was, therefore, important to find a buyer that was prepared to invest and offer a larger infrastructure.
NSIS found more than 80 Interested Parties and five face to face meetings were finally arranged which ETSC attended with Buys and four offers were put forward. In the end, it went to Sprint Group Holdings Ltd, a larger Acquirer with a turnover of more than £2 million. The whole process less than four months from the time of instruction.
Matt Harper-Ward, Director at Sprint, said of ETSC “We have found Zach and his team at ETSC most helpful and professional in our dealings. From the onset, they were swift to respond to our inquiry and let us have all the information we required promptly. The transaction proceeded very smoothly, and we were able to complete within four months of our initial contact. I was impressed with the professional and fair way negotiations were conducted, and ETSC helped facilitate and create a win-win situation for all.”
Zach Dogar of ETSC said “There is a huge appetite amongst acquirers for IT Support Companies based in London. If you are looking to sell, or want to discuss an exit strategy, please contact me. We only get paid when we sell, so all preparatory work, consultations, and advice are free.”
