O’Donnell Solicitors have advised Holker IT on their acquisition of Bury based IT Solutions and Support company PC EduTech.
The deal has brought the two companies together under the Holker Group. PC EduTech’s strong reputation in consultancy, support, training and administration for educational establishments and will further enhance Holker’s established team and industry experience.
James O’Donnell, Director, assisted by Callum Dalloway (commercial/corporate) and Suzzanne Gardener (Employment) worked closely with Burnley based Holker IT to achieve a deal completion date of the 3rd August. Corporate Finance professional Robert Williams of Williams & Co Chartered Accountants based in Prestwich advised on the pre deal structure and financial due diligence.
PC EduTech and Holker IT not only share a small corner of the North West, but they share a common company culture and business ethos that combines bespoke solutions for specialist clients with honesty, transparent advice and best value practices, regardless of the supplier used.
Matthew Metcalfe, Managing Director of Holker IT stated: ‘This marks the start of an expansion plan for Holker that will not be ignored in the industry. PC EduTech are a people-centric business, which perfectly aligns with us, and opens up an exciting opportunity to build on what we already have’. Matthew has invested considerably in staff, branding and training recently, and added that acquiring PC EduTech, ‘Will take us seamlessly into the next chapter of growth.’
James O’Donnell, Director and Head of Corporate Law at O’Donnell Solicitors commented:
“This is an exciting deal for Holker IT and we are delighted to have been involved. The past few months have clearly been difficult for many businesses, but this deal goes to show that there are fantastic opportunities out there. Importantly we can still achieve these deals in a time where remote working is prevalent. We managed a turnaround of 5 weeks from Heads of Terms which required the focus of all parties to the deal. We would like to thank the corporate team at Bermans for their collaborative effort which was key to achieving the target completion date. We look forward to working with Holker IT moving forward and assisting them with their future growth strategy.”
The two companies intend to grow together in the North West and beyond, creating the platform for strong growth and a fantastic opportunity that will be felt on both sides, going way beyond physical expansion and head count to laying the foundations for a long, profitable relationship that will make the Holker Group a force to be reckoned with.
In the North of England, the Holker Group aspire to become the leader in transformational IT Solutions and Support, giving a no nonsense, refreshing approach for any business in need of a responsive ICT Team that doesn’t compromise price for quality.
For more information on their services, visit http://www.holkerit.co.uk/