Leeds marketing business to surpass £10m following recent acquisition

Resource Print Solutions has acquired Guiseley-based Tebays with the assistance of a funding package from Barclays.

Resource was established in 1997 and is based at Armley Road, Leeds.

The business is a full marketing service provider encompassing creative, marketing and communication strategy, data management, digital, web development and print and mailing delivered from one single source.

Phil Thompson, managing director of Resource, said: “We’re delighted to welcome the team at Tebays into the Resource group and we’re looking forward to aligning our operations to deliver great value and enhanced services for our clients.

“Both businesses have complementing services incorporating specific areas of expertise. The combined synergies will benefit both our respective client bases and workforces, whilst creating a fantastic foundation to support the future growth of the group.”

Resource employs over 50 staff locally and turnover for the combined business is expected to exceed £10m following this acquisition.

Frazer Barrs, Barclays relationship director, alongside Stacey Lawrence, business development manager, put together the funding package for the deal.

Frazer added: “This is a significant and pivotal milestone for the future of Resource, as it paves the way for further expansion and growth. The acquisition of Tebays is a bold move and a key part of their ambitious plans for the coming years.

“Their ability to bring the two businesses together so seamlessly is testament to their professionalism and I’m delighted to have been able to support with funding for the acquisition.”

Resource were advised by James White and Geoff Thomas of Brown Butler with legal advice coming from Dave Paterson and Saby Sambhi at Blacks Solicitors.

Dave Paterson, partner in the corporate department of Blacks Solicitors, commented: “We are delighted to have supported Resource in connection with what is a significant step in the company’s long-term plan.

“This acquisition will further strengthen Resource’s offering to its existing clients. We look forward to observing the continued integration of Tebays into Resource’s business and the further growth which will inevitably occur as a result.”

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