A personal equity-backed telecoms enterprise in Warrington, which works with the likes of EE, 02 and BT, has acquired its third enterprise within the final month.
WHP Telecoms has snapped up Clever Communications Options for an undisclosed sum.
Based in 2004 by Alex Welch and Matthew Riches, with Kevin Doncaster becoming a member of as director in 2005, ICS Group has grown right into a telecom rigging installations and design firm with headquarters in Braintree, Essex and a regional workplace in Cambridgeshire.
The group gives full design and construct companies to multinational telecommunications agency Telefonica in London and South East, alongside delivering websites for a lot of different suppliers UK vast.
Headquartered in Warrington with seven workplaces and workforce of some 700 folks, WHP is a supplier of infrastructure assist and deployment companies to the UK telecommunications trade.
Equistone Companions Europe accomplished the administration buyout of WHP in 2018 and set out a technique to develop organically and thru strategic acquisitions.
This newest deal marks the third funding the corporate has made within the final month following its acquisition of Redhall Community Options in March and Blue Readability Design Companies in April.
WHP’s chief govt Rob Potter stated: “ICS is a singular firm famend for its design and construct functionality, one thing that WHP has been dedicated to investing in lately.
“They’ve a wonderful roster of high-profile purchasers which have clear synergies with our wider portfolio, so we’re delighted to be welcoming Alex, Kevin, Matt and the entire crew into the group.
“This transaction carefully follows our latest acquisition of Blue Readability and Redhall Networks and we imagine that this additional strengthens our consumer service providing, which can profit the UK’s communication networks as funding in 5G and fibre gathers tempo.”
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In a joint assertion, Alex Welch, Mathew Riches and Kevin Doncaster, the three administrators of Clever Communication Options, added: “We’re delighted to announce that ICS might be becoming a member of WHP. ICS have labored with WHP for over a decade on various their initiatives so have already shaped a powerful working relationship.
“The wealth of information and expertise inside WHP will allow progress and introduce new alternatives to ICS.
“With the assist of WHP, we’re assured that we will unlock the total potential of the enterprise and the loyal workers which have labored so arduous to get us to this place.
“We’re excited and are trying ahead to the challenges forward.”
Clearwater Worldwide supported WHP with company finance and debt advisory companies on the transaction, with Addleshaw Goddard offering authorized recommendation and PwC offering monetary due diligence.