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Announced

Completed

FluidOne completed the acquisition of Project Five.

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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United States

United Kingdom

computer support and services

IT Services: Other

Acquisition

Domestic

Private

Majority

Completed

Single Bidder

Friendly

Private Equity

Synopsis

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FluidOne, a provider of secure data, voice and cloud solutions, completed the acquisition of Project Five, an IT managed service provider. Financial terms were not disclosed. “I am pleased to announce the acquisition of project five, that builds on our strategy to create a branch network for expertly delivered IT managed services to business customers. When reviewing the business, I was impressed with the excellent service they deliver and the strength of relationships that the team build with their clients. This was reinforced by great customer feedback in our survey and a world class NPS of 80. They are a great fit to our strategy, and I look forward to working with Steve Coburn and the team to grow the Camberley business,” Russell Horton, FluidOne CEO.

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