Cooper Parry IT arm sold in MBO

The IT arm of accountancy firm Cooper Parry has been bought out by its management.

CPIT has been acquired by Brett and Vicky Critchley, who first acquired half of the business in 2019. It will change its name to Bamboo Cloud.

Vicky Critchley will be CEO and Brett Critchley will become executive chairman.

The seven-member ownership team of CPIT will remain in place along with almost 90 employees.

Vicky Critchley said: “We’re looking forward to creating our own identity and accelerate our growth as one of the finest Microsoft Dynamics partners in the world. Our unique passion for empowering SMBs will continue and we look forward to expanding our offerings and services to a larger global audience in the months to come.”

Cooper Parry CEO, Ade Cheatham added: “Following the part MBO back in 2019, this is the natural next step. With exciting global opportunities across the UK and US, CPIT will fully leverage their strong Microsoft relationship to the benefit of our many mutual clients. We’ll continue to collaborate on many projects, transforming clients’ IT and finance systems. I’m super excited to see the next chapter of this story unfold.”

Executive chairman, Brett Critchley, added: “Our global accomplishments are rooted in the unwavering commitment we received from Cooper Parry. Together we built a solid foundation for global success, and we can’t wait to embark on this latest part of the journey.”