KBS Corporate Completes the Sale of SARN Technologies
SARN Technologies is a managed service provider that offers a wide range of IT support and development services. The company has a diverse client base, many of whom have been with the business since its inception.
Having built up SARN Technologies over the course of 13 years, the shareholders instructed KBS Corporate with the sale of their business to enable their retirement plans.
SARN Technologies attracted a wide range of interest from 95 interested parties which resulted in 9 offers predominately from trade with some interest from investment. The ultimate offer came from Razorblue as part of their plans to grow their geographic footprint.
Dan Kitchen, Chief Executive of Razorblue, commented: “We’re excited to have expanded our business further into Scotland. While our roots are in the North of England, our client base is located throughout the UK. It makes sense to acquire a business that is already doing what we do, but in a different location. Our shared experience of 30 years and alignment of values will ensure this is a seamless transition with minimal disruption to ongoing commitments and service levels.”
Graeme Scott, SARN Managing Director, said: “This acquisition is set to be a perfect blend of technical synergies, fitting with our aspirations for the future. I can say with confidence that Razorblue aligns with our values, and they too lead with a customer-centric approach to business. There will now be a more extensive range of services available to our valued customers, as well as career progression opportunities for the technical team.”
SARN was advised by KBS Corporate Associate Director, Nathan Leah.