Air IT has snapped up two MSPs in a merger and acquisition spree.
New CEO James Steventon has written a check for Silverbug and Scoria which are Air IT’s ninth and tenth acquisitions since August Equity invested in the Nottingham-based firm in 2020.
The company now has 400 staff and client base to 2,200 and turns in £8.2 million in its most recently filed annual accounts, Silverbug is based in Milton Keynes. Scoria, meanwhile, has its HQ in London.
Air IT virtually trebled revenues to £29.7 million in calendar 2021, accounts for its holding company show. It is forecasting a 2022 haul of £39 million.
