Trans-Atlantic deal to acquire tech company
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A Leeds-headquartered provider of data centre maintenance and managed services solutions has been acquired by an American-based business.
ICC Group, founded in 1998, has been sold to Service Express International.
ICC Group employs 54 staff and as well as its Leeds headquarters has two additional offices – in Castle Donington and Basingstoke.
Service Express is an international business specialising in data centre maintenance for server, storage and networking equipment with over 4,000 customers and 600 employees.
Birmingham-based Orbis Partners advised on the sale.
Ron Alvesteffer, president and CEO at Service Express, said: “ICC Group has an outstanding reputation in the UK and will help Service Express continue to establish our position as the global leader and trusted partner in data centres around the world.”
Leon Wheeler, CEO at ICC Group, added: “Having built the business over many years we thought long and hard about whom we trusted to sell ICC Group.
“We ultimately selected Orbis due to their sector expertise, access to overseas buyers and personable approach.
“We had engaged Orbis to prepare the business for an exit in a two-to-three-year period, however we chose to bring the process forward having achieved the target results within a much shorter timeframe. I couldn’t be happier with the outcome which will see our business offering taken to a global client base.”
Shah Zaki, partner at Orbis, said: “It was a pleasure working with the shareholders of ICC, who have developed a fantastic business with a reputation for quality.
“I am delighted to have advised on the sale of the business to a global player in the market, which provides a strong platform for the future development of ICC Group.”
Lead advisors to the shareholders of ICC were Shah Zaki and Nick Wall (manager) from Orbis Partners. Partner Mark Gibson and associate Siobhan Cameron from DWF provided legal advice.