6. Viadex
Acquirer: Fulcrum IT Partners
When: April
Deal size: Undisclosed, but Viadex turned over £52.1m in its latest year.
How it started:
Viadex is the most recent – and largest – in a string of UK deals completed by US investor Fulcrum IT Partners since 2021.
Fulcrum’s swoop for Viadex – a Surbiton-based MSP focused on serving geo-dispersed midmarket businesses – followed on from its acquisitions of Pure Technology Group (£42m revenues) in 2021 and Prodec Networks (£21m revenues) in 2022.
At the close of the acquisition, Viadex maintained its brand, with Viadex CEO Dino Cooper joining the Fulcrum IT Partners exec leadership team.
What happened next:
Operating in the US, Canada and the UK, acquisitive Fulcrum IT Partners claims it is on track to hit $1bn revenue by the end of 2023.
It has remained firmly on the M&A trail since bagging Viadex, acquiring Microsoft and payment solutions provider Quisitive for up to $27m as recently as late November (following on from its acquisition of Canadian IT services outfit Stoneworks Technologies in July and US healthcare and financial services specialist, F3 Technology Partners, in September).
In an update for IT Channel Oxygen, Cooper said the deal has given Viadex access to global clients and technology stacks it didn’t have itself.
“The North American market is filled with US HQ businesses that operate globally. We now give Fulcrum Partner companies the ability to engage and win in that space,” he said.
“On the tech front, we have sibling organisations that are $200m security specialists. This makes us a collective of specialist organisations partnering to bring amazing solutions to our clients.”
There were 5 bigger trade acquisitions this year. See next page for more…
