TIVA IT Solutions Limited has been acquired by entrust IT Limited, as advised by KBS Corporate.
Formed in 2007, TIVA IT was started by the three exiting shareholders, a group of IT industry professionals, intent on offering a consistent IT support organisation that understands its customers’ needs.
Situated on the Surrey/Hampshire border, the company is well-respected within the sector, and provides services and products including network/office support, installation, maintenance, hardware supply, software solutions and cloud management. TIVA IT serves a diverse client base, with customers spanning legal services, leisure, hair and beauty and cleaning.
The shareholders of TIVA IT approached KBS Corporate with intentions of offering the company for sale in order to facilitate the retirement of one of the Directors/shareholders. The other two shareholders also wished to sell their shares, but remain within the company in a permanent position or during a temporary handover period.
KBS Corporate’s research strategy entailed contacting trade buyers within the IT, tech and software space. As a result of this research strategy, a large amount of interest was generated, and 34 trade buyers signed NDAs to learn more about the opportunity to acquire TIVA. Five buyer meetings were arranged, leading to three offers to acquire the business.
The eventual acquirer was entrustIT Limited, an international IT service provider, with offices in Hampshire, UK, and Boston, US. The firm offers on-premise IT services alongside public and private cloud solutions.
Fabio Rambelli, Deal Executive at KBS Corporate, advised on the deal and commented “I’m very happy with the outcome of this transaction, and feel that the staff and future of Tiva IT is in great hands with entrustIT. I wish both companies the best of luck in their future endeavours.”