£50m-turnover office supplies firm snaps up IT company
AFTER having completed 10 acquisitions in 2015, Complete Office Solutions is showing no signs of slowing down its aggressive acquisition strategy.
The business has snapped up Birmingham-based Taalus Technical Solutions, which provides IT as well as print and photocopier services.
The company has a turnover of £8.5m. The acquisition boosts COS’s copier engineer numbers to 70.
The business has 11 sites across the UK.
Last year, 10 acquisitions were completed, and now COS chief executive Richard Coulson has plans to turn the business into a £100m-turnover company by the end of the year with six more acquisitions planned.
Related: Tenth acquisition sees office supplies firm hit £50m…
Mr Coulson said: ” I must thank Richard Makowski and RCapital for their assistance during the transaction. Richard has built a great team and the infrastructure and vision there is really impressive”
“This is another huge step forward for us and takes our IT/ Technical capabilities on to another level. We are sincerely looking forward to working with the team and offering their services to our growing customer base”.
Mr Coulson commented: “The plan for the rest of 2016 is to add 6 more strategically placed regional sites to give us total coverage of the UK.
“We have agreed further acquisitions that will see us break the £100m barrier this year and we will have over 140 sales people on the road by midyear who will drive impressive levels of organic growth. Further acquisitions will continue to follow so we have great confidence in what we are building”.
“Our Integrated Procurement Solutions are effective and relevant in today’s competitive business climate. Our portfolio of products and services now covers everything needed to run a company. We therefore reduce suppliers and streamline systems which results in significant savings of both money and time.
“We are now offering a free audit service which is working well for us and our clients so we are all very confident in the future.”
