Private equity firm Beech Tree has invested in BCN Group, which provides IT managed solutions to UK businesses.
BCN Group is headquartered near Manchester Airport and provides a full range of IT managed services. These include on-premise, hybrid and cloud hosting solutions, cloud migration services, application support, voice solutions, data management, hardware sales and maintenance services.
The company has built a management platform and ERP (Enterprise Resource Planning) system which automates tasks and manages customer interactions, ticketing and engineering workflows efficiency.
As part of the deal, BCN Group has appointed a new CFO, Julian Llewellyn, to join the existing management team, which will grow the business through a buy and build strategy. Matt Lovell, the former CTO of Pulsant, has also joined the board of BCN as a Non-Executive Director.
Adam Rudd, Director at Beech Tree Private Equity, said: “There are several growth drivers impacting this sector and it is clear to us that BCN is well set to benefit from these over the next five years. After meeting many businesses in the space, we were really impressed with BCN. We believe the ambition held by the management team, the sales and customer centric culture and most importantly, the technical knowledge held within the business sets BCN apart from its competition.”
Simon Kelf, CEO of BCN, added: “I am thrilled that Beech Tree Private Equity have invested in our business. Matt and I believe that we have built a market leading business focusing on what’s important: technical knowhow and our customers’ needs. With Beech Tree’s assistance we will now accelerate our organic growth through further expansion of both our sales team and our cloud services proposition. With Beech Tree supporting us, we are now looking forward to embarking on our buy and build strategy in order to accelerate our growth even further.”