GII: £741.7m (+16%)
Staff: 998
This York-based public sector-focused VAR is “on a trajectory towards” £1bn GII following its “yinyang” merger with private sector-leaning peer Ultima in October, CEO Simon Williams told us. The move creates a resale and services powerhouse with over 1,000 employees and 3,000 customers. Pro-forma gross invoiced income hit £741.7m in 2024, according to numbers it split out for us (with Trustmarque contributing £606.2m and Ultima £135.5m).
Williams said the pair’s contrasting strengths mean their union will “create a beautiful picture”, with Microsoft, HPE and Citrix partner Ultima’s managed services strength complementing Microsoft, Cisco, IBM and Hitachi Vantara ally Trustmarque’s professional services prowess (see p? for more).
Oxygen ice-breaker
With Trustmarque and Ultima’s respective private-equity backers, One Equity Partners and Apse Capital, both taking a “merger-like” stake in the enlarged company, the deal is being positioned as a merger rather than an acquisition.
