razorblue expands into the North West with Mincoffs Solicitors help
Today (February 13), IT managed services firm razorblue has announced its expansion into the North West following the acquisition of the J-Media IT managed services business from Manchester based CMAP Group for an undisclosed sum.
Founded in 2006 by CEO Dan Kitchen, razorblue has grown from two employees to over 80. The expansion into the North West comes as part of razorblue’s vision to be the most trusted Managed Service Provider in the SME marketplace.
CEO, Dan Kitchen, said: “We’re excited to have expanded our business into Manchester. Our roots are in the North of England, and with our client base located throughout the UK, it makes sense to acquire a business who are already doing what we do, but in a different geographic location.
“We’ve grown our team of trusted experts through this acquisition and we’re confident that this addition to the group will enable us to not only continue to serve the existing clients of both razorblue and J-Media IT Managed Services, but also new businesses across the country.”
The acquisition has followed a 38 per cent increase in turnover in 2018, and has resulted in no change to razorblue’s board, with all five directors heavily involved in welcoming the existing J-Media IT Managed Services team into razorblue’s own.
Newcastle-based Mincoffs Solicitors advised Razorblue on the acquisition.
Chris Hughes, associate solicitor in the corporate team led the transaction, adding: “We were delighted to advise on the acquisition of J-Media IT Managed Services and wish Dan and the team the best of luck with their future growth strategy.”
The firm intends to re-locate to larger Manchester offices in the near future to accommodate future growth.
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