Communicate Better Group Ltd makes fourth acquisition
The Communicate Better Group, the telecommunications solutions provider, has acquired Merseyside business MH Communications (UK) Ltd, for an undisclosed sum.
This is the fourth acquisition by Communicate Better and forms part of their growth strategy to invest in, and expand their product portfolio and services. The deal which was led by the Manchester Corporate Finance team at Cowgill Holloway LLP, and will see their fixed line services division double in size.
Rainhill-based MH Communications will remain open as part of Communicate Better’s plan to gain a nationwide presence.
Wayne Cartwright, Chief Executive at Communicate Better Group, said: “We are very excited about the opportunities that this deal will bring. Not only does it give us fantastic cross selling opportunities, it also allows Communicate Better to expand our portfolio with the addition of new product ranges and engineering skills that we will be taking on board.”
Ian Johnson, the Cowgill Holloway Corporate Finance Partner who negotiated and structured the deal, commented: “The operational synergies between the two companies will enable rapid and successful integration, and their combined expertise will ensure continued growth, maximising the combined group’s financial performance and significantly increasing shareholder value. We look forward to assisting the Group as it continues to develop.”
Mike Hayman, MH Communications owner, will be taking a role working as Managing Director of the voice and fixed line services division of Communicate Better, he said: “Communicate Better already offers cutting edge technologies that more and more customers are asking for. It naturally makes sense to want to be able to offer these facilities to both my old and new customers. All the staff are very excited about the new challenges ahead. I am so happy to be part of the Communicate Better Group success story!”
The acquisition forms part of the Communicate Better Group’s business plan to seek further acquisitions in the business communications and technology market throughout 2011.
Legal advice to Communicate Better Group was provided by Keith Kennedy at Manchester law firm Berg Legal.
The information was correct at time of publishing but may now be out of date.