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New Deal


Announced

August Equity-backed Air IT to acquire InfoTech Solutions and Concise Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Single Bidder

Friendly

Domestic

Majority

Private Equity

it services

IT Services: Other

Pending

United Kingdom

Synopsis

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August Equity-backed Air IT, a provider of managed information technology support, digital transformation services and cybersecurity, agreed to acquire InfoTech Solutions, a provider of IT support and security services, and Concise Technologies, a provider of managed IT services. Financial terms were not disclosed. "We are delighted to be joining up with Air IT. Like InfoTech, Air IT are committed to helping businesses use technology to their advantage. Being part of this select group will allow us to expand our service offering whilst we bring to the table our expertise in the financial, construction and manufacturing sectors. After a period of steady growth, we are excited to take this next step in our journey whilst retaining the same culture and top-quality standard of service our clients are used to," Jason Foord, InfoTech CEO.

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