KBS Corporate Advise on Sale of Smartstyle Technology Training Limited
ITS Group, a charitable group providing training and development solutions for individuals and industry, has completed the acquisition of Smartstyle Technology Training Limited for an undisclosed value.
Based in Bradford, Smartsyle is recognised as one of the UK’s leading providers of IT and professional development training, providing a one stop solution for organisations across all sectors.
The business was founded in 1997 by Mandy Jones and delivers Microsoft certified IT training and bespoke packages. It currently holds large contracts with recognised national organisations in both the public and private sectors, with a reputation for excellence and quality.
The deal, which was subject to a 33% increase on the original offer made, will see ITS Group increase its service offering and expand on the types of training they offer.
ITS Group CEO, Dr Chris Payne, said: “I am very excited about this new chapter in the history of ITS Group and SmartStyle Technology Training Ltd.
“This acquisition has not only extended the geographic reach of the group, but will also enable us to use the expertise of both SmartStyle and Independent Training Services to deliver an all-in-one solution for our clients.
“The SmartStyle team has been positive and welcoming, ensuring the transition has been seamless and client-focused.
“We have big plans for the group both locally and nationally and look forward to creating a bright future together with SmartStyle.”
Tom Eatough of KBS Corporate managed the deal through to completion a commented, “It was a pleasure to work with [our client] Mandy and I am delighted that we managed to find a buyer that shared so many synergies with Smartstyle, putting them in an excellent position to take the next step.”
Following the deal, which completed less than 10 months after the business came to the market, the outgoing owners of Smartsyle will provide a 6-12 month handover period in order to ensure a smooth transition. All existing staff at Smartsyle are to be retained following the takeover by ITS with the business to continue operating from its current locations.