News

SysGroup announces second acquisition of the month

April 27th, 2022 In Press Release by Ellice Eadie

The deal sees SysGroup ramp up service offering in South West England and Wales

Liverpool-headquartered SysGroup has acquired Independent Network Solutions Limited – which trades as Orchard Computers (Orchard).

Based in Bristol, Orchard is a managed IT service provider. It has been in operation for over 30 years and has built a loyal customer base totalling over 120 active clients in 2021, largely covering the South West of England. The business, which generated revenues of £2.1m in 2021, represents customers across a range of sectors, covering both the public and private sectors.

Its managed IT services offering mirrors that of SysGroup, providing high quality consulting services and building tailor made, vendor agnostic solutions designed specifically to meet individual customer needs, followed by ongoing technical support.

The acquisition was funded from the Group’s existing cash resources and will further strengthen SysGroup’s presence in the South West of England, while complementing the operations in South Wales, with the addition of more than 20 team members joining the team.

The vendors of Orchard, Ian Terry and Chris Patten, will remain with SysGroup to assist with the handover of customer relationships and integration into the Group.

This news follows SysGroup’s appointment of Manchester-based independent financial services group, Zeus, as its new Nominated Advisor and Broker, supporting the business on its M&A strategy.

Orchard is the Group’s second acquisition this month, following the integration of Edinburgh-based Truststream Security Solutions in a deal worth up to £8m.

The company has a portfolio of significant acquisitions in recent years, including Certus IT for £9m in February 2019 and Hub Network Services for £1.45m in June 2019. SysGroup also acquired Telford-based Rockford IT in 2018, expanding its market reach in vertical sectors, such as hotels and leisure.

Adam Binks, CEO of SysGroup, commented: “I am thrilled to be announcing our second acquisition of the financial year. Orchard is a well-established, well-respected business with a loyal customer base in the South West of England and I am delighted that we have been able to bring this business into the Group.

“Our enhanced presence in the region will add even more value for the combined customer base and will create a raft of opportunity for all of our team members, including the addition of our 20 new colleagues from Orchard.”

About SysGroup

SysGroup is a leading provider of managed IT services, cloud hosting, cyber security and expert IT consultancy. The Group delivers solutions that enable clients to benefit from industry leading technologies and delivers managed solutions with security, compliance and governance from the core. SysGroup focuses on a customer's strategic and operational requirements - enabling clients to free up resources, grow their core business and avoid the distractions and complexity of managing IT services.

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester, Newport and Telford.

For more information, visit www.sysgroup.com

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