KBS Corporate Advise on Acquisition of CVSI Ltd
KBS Corporate has successfully completed a deal for West Yorkshire based CVSI Limited, who have been acquired by Computer Systems Integration (CSI) Ltd.
Established in 1989, CVSI has earned its reputation for delivering scalable, customised IT solutions based on market leading hardware and software products, specialising in the field of supplying, maintaining, supporting and integrating Microsoft networks, with particular focus on IBM Power and blade technologies, supported by relevant accreditations and Business Partner status.
CSI is an IBM Premier Business partner, an SAP Gold Partner, a member of the Infor Partner Network and a partner of VMware and HP. It is one of the UK’s leading business system integrators with a wide range of customers across a number of sectors and from its deep technical skill base, delivers services ranging from design consultancy through to Managed Services. CSI was acquired in 2012 by Blackhawk Capital LLP, whose mission was to evolve CSI into the UK’s largest IT Support Group.
The acquisition of CVSI, which completed on 23rd May 2012 for an undisclosed sum, is an important milestone in CSI’s growth strategy. All 4 of CVSI’s directors will remain in the business and are considered to be vital in order to maintain the company’s strong performance.
Guy Haynes, Senior Deal Executive at KBS Corporate who advised CVSI in this transaction, said “The overriding objective of the Directors at CVSI was to find a new owner that could build on the Company’s success and provide CVSI with a bright future. CSI and Blackhawk Capital were clearly able to deliver on these objectives, as well as being able to offer a clean deal that was not reliant on deferred consideration or earn out. The transaction was underpinned by a strong relationship between Kevin Lewis on the buyer’s side and our Clients, which means that this deal was completed with a great deal of optimism for the future on all sides. I feel sure that this is the right deal for Marie and the people at CVSI, and I wish all parties well for the future.”