Onecom has acquired cloudy North East outfit Russell Telecom
Russell Telecom has been around for more than 35 years, offering on-site and cloud phone systems, business broadband, mobile phones and managed support. It has 1,500 customers, mainly across enterprise, hospitality, education, healthcare and not-for-profit organisations.
The buyout was supported by Onecom’s private equity backer LDC, which provided the comms provider with £100 million in investment in 2019 to fund future acquisitions.
Onecom acquired Olive Communications in February, which it claimed at the time created the UK’s largest comms provider. The Vodafone, Mitel and Apple partner then went on to acquire 9 Group and IP Office later in the year.
Onecom Group CEO Martin Flick said that it was delighted to welcome the Russell Telecom team and customers to Onecom.
“Our businesses are a perfect match and this transaction, our fourth in 2021, supports our strategy of acquiring strong businesses that share our culture, values and ethos and our commitment to providing exceptional products and solutions to UK businesses of all sizes.”
“Russell has demonstrable strength in the education sector which is an excellent complement to our already existing specialisms that bring proximity to specific customer need in distinct markets.”
