PCC Limited Sold in Deal Advised by KBS Corporate
Dundee-based IT solutions provider, PCC Limited, has been acquired by Cloudstream Technology Ltd after less than 9 months of coming to market.
Established in 1992 by Husband and Wife team, John and Christina Phillips, the company works with clients throughout Scotland across a wide array of sectors including retail, local authorities, legal and construction.
The acquirer, Cloudstream Technology Ltd, is a familiar name with KBS Corporate having completed the takeover of another of our clients, West Lothian-based VirtuousIT Ltd, less than 3 months earlier. Cloudstream is a Fife-based IT consultant offering a range of technology and connectivity solutions throughout the UK.
KBS Corporate targeted over 90 companies within the trade sector, highlighting the significant scope for growth that PCC presented through the introduction of new products and services such as multi-function devices, telephony and disaster recovery warehousing.
KBS Corporate Deal Executive, Sonia Cottrell, managed the deal on behalf of our clients and commented, “Our involvement ensured all obstacles, including payment and arrangements in respect of property/lease, were overcome and the process ran smoothly, allowing for a conclusion less than 2 months after a deal was agreed. I had dealt with Ian [Maclellan of Cloudstream Technology] previously on his acquisition of VirtuousIT and felt that our business relationship assisted with this transaction.
“With Cloudstream Technology looking to acquire several IT companies, I believe that PCC Limited presents an excellent fit and complements those businesses already established within the group.”