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Announced

Completed

August Equity-backed Air IT completed the acquisition of Vital Technology Group.

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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Private Equity

Friendly

United Kingdom

Domestic

Private

IT Services: Other

technology services

Acquisition

Majority

Completed

Single Bidder

Synopsis

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August Equity-backed Air IT, a technology supplier for SMEs and internal IT teams, completed the acquisition of Vital Technology Group, a business to business provider of technology services encompassing IT managed and cloud services. Financial terms were not disclosed. “We’ve spent the last 15 years developing and growing Vital into a successful regional business with an enviable local reputation. By joining Air IT, we’ll not only be able to offer additional technical expertise, skillsets and capabilities, whilst continuing to deliver the highest levels of service to our clients, but will continue our journey of growth, establishing Air IT as the IT partner of choice for SMEs in Yorkshire and the North East region,” Lee Evans and Alex Dawson, Vital Joint Managing Directors.

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