£6m-turnover business acquires accountancy firm’s IT division

A Horsforth firm has acquired the IT operations of the managed services business of accountancy firm Mazars, in Leeds.

The deal, completed on 1 July, sees all three members of the Mazars IT team transfer to Jungle IT.

Founded in 2004 by Managing Director Jonathan Asquith, £6m turnover Jungle IT has grown from a supplier of hardware and software to offer complete, managed computer services. Its 22-strong team is supported by experienced entrepreneur and business development advisor Jon Crabtree, in the role of Chairman.

The acquisition, led by David Blythe, will enable Jungle IT to strengthen its own managed services offering while also continuing to provide IT support to Mazars’ clients.

Asquith said: “The former Mazars’ IT services operation is a great fit for us and it will very much be ‘business as usual’ for existing clients. The acquisition will also enable us to harness the skills of this experienced team to rapidly expand our managed services offering to SMEs throughout the region and support their digital transformation.

“It is the first of a number of acquisitions we plan to make, as we build up our services to offer a complete portfolio of managed IT services to Jungle clients.”

Oliver Hoffman, Managing Partner at Mazars in Leeds, said: “Having provided our computer hardware needs for over ten years, we have a strong relationship with Jungle IT and were confident that they would be able to offer the same high standards of service to our clients as well as enabling our established IT team to continue to work together.”

The acquisition was supported by a team of Yorkshire advisors, which included Hitesh Tailor of Clarion, in Leeds, who provided legal advice to Jungle IT.

Tailor said: “As Jungle IT celebrates its fifteenth anniversary, the business is embarking on the next phase of its growth and this acquisition marks a further step in its ambitious expansion plans. With such an experienced team at the helm, the business has a bright future ahead.”

Click here for a comprehensive list of West Midlands deals >