Cumbrian comms group changes hands in deal with Sussex suitor

Carlisle-based Gemini Communications has been sold to technology solutions specialist Global 4, for an undisclosed sum.

Established in 1999, Gemini, works with key industry suppliers to provide, install and maintain phone systems, broadband and wireless networks, and office equipment including photocopiers and CCTV security, for businesses and schools.

Bolton-based KBS Corporate oversaw the deal and was instructed to orchestrate a sale that would enable Suzanne and David Thompson and fellow director Tina Labram to retire from Gemini, while David Labram, the managing director, planned to remain in the business and grow the company under new ownership and investment.

Global 4, based in Horsham, Sussex, will expand Gemini’s portfolio of products, while geography was also a key factor with Gemini operating across Cumbria and Dumfries & Galloway, in Scotland.

Carl Barnett, CEO of Global 4, which was founded in 1998, said: “Gemini allows us to establish a northern presence, supporting our ongoing growth nationwide which is critical to maintain the exceptional service our customers have come to expect. This strategic expansion will enable us to enhance our reach and better serve clients across various regions.

“We are thrilled to welcome Gemini into the Global 4 family. This strategic move aligns seamlessly with our dedication to continuous improvement and innovation. We are confident the synergies between our organisations will result in even greater value for our clients.”

David Labram, Gemini managing director, said: “The natural alignment of company values and our shared vision to grow fast provides a great opportunity for both businesses.”

Oliver Rigby, KBS Corporate deal executive, who oversaw the transaction, said he was “extremely satisfied” with the completion of the sale.

“The level of interest was strong, with four good quality interested parties reviewing the company during the summer period,” added Oliver, who credited Peter Kelly, KBS Corporate operations director, for his considerable help during the process.

“The main appeal of Gemini was its location and service offering. The acquisition would help them enhance their presence in the market. This deal, for me, was complex at times and it was good to achieve a sale for Gemini.”