We are delighted to announce the acquisitions of Condor Office Solutions, Systems Technology and CSL Business Machines.
Each of the acquisitions are long established and highly regarded operators – both Condor and Systems Technology are southern based Canon Platinum partners, and CSL is a Konica Minolta Elite partner serving customers across the midlands.
The Agilico group has a clear strategy to consolidate the fragmented MPS sector with high quality acquisitions and create a market-leading managed services provider. Horizon Capital first invested in July 2018 and since then the Group has made 5 acquisitions, diversified its offering and expanded its geographic reach across England. The Group now supports more than 10,000 customers across the UK and generates revenues of £65m.
”I am delighted to have joined forces with Agilico who are a natural fit for our business with a focus on excellent customer service which we can now truly offer on a nationwide basis. As part of this great group this business will continue to thrive“.Zana GradusManaging Director of Systems Technology
”Agilico has established a fantastic reputation for providing exceptional service alongside transparent and ethical work practices. I am delighted to be working with them“.Andy PerkinsManaging Director of CSL Business Machines
In addition to these acquisitions, 2019 saw the Group supplement its Board with the recruitment of Paul Mitchell as Chief Operating Officer having joined from Experian, and Phil Jan as Group CFO having held multiple roles across acquisitive private equity backed businesses.
Luke Kingston, Partner at Horizon Capital, said “DMC was the first investment made by Horizon and we are delighted with the tremendous progress to date which is a testament to Simon and the team he has built. We will continue to support Agilico in supplementing the organic growth of the business with high-quality acquisitions in what is a highly fragmented market.“