IT and telecoms firm’s acquisitive streak continues as it eyes further targets

Flotek Group, a fast-growing managed IT and telecom service provider, is ready for the next phase of the buy and build strategy having completed eight acquisitions in 12 months.

The company now has five offices across the UK with a key focus on the South West.

Jay Ball, CEO of Flotek Group, attributes the company’s rapid growth to the integration of acquired businesses across multiple sectors, including IT, telecom communications, and data infrastructure throughout the UK.

Ball said: “Our focus when approaching potential targets has always been to create win-win deal structures. By establishing trust with sellers from day one, we facilitate smoother and more successful integration processes.”

Mark Wyatt, former director and owner of Gower Business System said: “Having developed the business’ success during the past three decades, it’s extremely important to me that we continue to build on Gower Business System’s legacy, and serve our loyal and fantastic customers.

“Flotek’s employee-led and customer-centric business model perfectly aligns with Gower Business System’s ethos. I am pleased to see after one year since joining Flotek Group, our customers now benefit from extended services such as cloud telephony, Microsoft Cloud and an enhanced cyber security service. I am delighted to see everything agreed during the negotiation with the deal have been successfully fulfilled and exceeded my expectations.”

Flotek Group has recently secured NHS contracts as a data infrastructure installer, covering areas in Swansea, Hywel Dda, Powys, and Cwm Taf.

Flotek Groupsaid it is now looking to engage with communications or IT companies with a turnover ranging from £350,000 to £2m for potential discussions.

Ball added: “We frequently receive enquiries regarding the acquisition of our competitors, as we have been transparent about our previous acquisitions. However, these enquiries often come when the competitors are looking to sell, which may not allow them to receive the true value they deserve.

“Our approach is to establish a longer-term relationship with potential sellers, align our goals, and assist them in achieving the necessary value for a successful exit in the future.”