Takeover bolsters Lancashire business with plans to generate 40 jobs
Wigan managed network solutions firm, EvolveODM, has acquired Preston’s GB3 from EG Group to create an IT services specialist, with aims to create 40 jobs in the next three years.
The deal, for an undisclosed sum, was backed by Barclays Corporate Bank, and will help EvolveODM’s bid to grow its business among networks of restaurants, convenience stores and fuel forecourts.
EvolveODM has grown from nine staff to 45 since 2018. Its customers include retail, hospitality, leisure, fuel and food-to-go firms such as Robinsons Brewery and Hydes Brewery, and Blackburn-based EG Group-supported brands and franchises like KFC, Starbucks, ESSO, BP and Leon.
During the next three years EvolveODM aims to grow its network management footprint from 7,500 locations to 15,000. And the group estimates that its new combined offering could result in up to 40 new jobs being created within the Lancashire area by 2025.
Alan Stephenson-Brown, director at Evolve Business Group, said: “We’ve been working closely with GB3 recently to fulfil mutual customer contracts, so we knew that acquiring GB3 would help us create a broader IT services business with a more expansive offering for our customers.
“This acquisition helps us on our mission to become an indispensable technology partner to retail, hospitality, and petroleum franchises. The two companies provide truly complementary services and together create a centre of excellence for IT in Lancashire’s growing digital sector.”
GB3 has 45 staff and a 10-year track record in IT support. It will become a sister brand to EvolveODM.
Shamir Patel, relationship director at Barclays Corporate Bank, said: “Evolve is a thriving business looking to expand and grow. The new funding we’ve provided will enable it to broaden its offer to its client base and grow its market share.
“We’re also excited by the positive impact this will have on the Lancashire community. This deal can enhance the prospects of quality job creation in the innovative and thriving digital sector in the Lancashire region.”
