KBS Corporate Advises on Acquisition of Diacom Networks
Diacom Networks provides creative, professional, and reliable IT and telecommunications services to a multitude of clients internationally. The Company has experienced considerable growth since its foundation, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its sector and maintain a high-value, long-standing client base.
Diacom Networks shareholders, Steven Harrison and Mandy Harrison, approached KBS Corporate with the sale of their business in order to promote growth under the impetus of a new owner.
The opportunity attracted high levels of trade interest, with the majority of the 25 interested parties coming from trade.
The successful offer came from UK trade buyer, Croft Communications. The acquisition acts as Croft’s fifth acquisition since May this year, including Design Communications, Active Voice & Data, Cloud9 and Claro Communications.
Diacom Networks Managing Director Steven Harrison commented: “After looking for several months for a way of developing Diacom Networks Ltd, I was introduced to the Croft senior management team via a mutual contact. The following meetings were very positive and encouraging. It felt like a good fit for my personal goals my business and my customers moving forward. A direct hit on what I was looking for. The ability to have increased resources available, but also continue to work with my customers.
I am very pleased to say that, as of the end of September, I am now part of the Croft team. I am looking forward to working within the business to bring exciting opportunities to my customers.”
Croft CEO Mark Bramley commented: “We can’t wait to benefit from the technical knowledge, skills and experience that the team at Diacom will bring to Croft. We look forward to welcoming them on board.”
Charles Needham, Corporate Deal Executive at KBS Corporate, advised Diacom Networks.