Micromart Europe Limited, a provider of innovative IT solutions for SMEs in London and the South East, has been acquired by trade buyer, Sprint Integration Limited.
Established in 1990, Micromart is a Berkshire-based firm that specialises in the provision of reactive and proactive support and maintenance contracts, a service which has helped to increase turnover at a consistent rate over the years. Other consultancy services offered include IT support, Office 365 support, system development, disaster recovery, and online back-up.
With an excellent reputation in the local area and IT sector, Micromart serves SME clients from a range of industries, including advertising, PR, media, manufacturing, training, medical and food and beverage. Many of these clients have spanned over two decades, testament to the excellent quality of service that Micromart provides.
The shareholders of Micromart instructed the services of KBS Corporate in order to help fulfil their plans for retirement, with hopes of passing the business into the hands of a new owner that could perhaps expand the company geographically.
High levels of interest were witnessed, with over 30 NDAs signed and returned to KBS Corporate. The shareholders found the offer presented by Essex-based IT firm, Sprint Integration, to be the most appealing, and moved to progress with the deal.
Having previously purchased another IT company, Computer Strategies Limited, through KBS Corporate, Sprint Integration was keen to continue its acquisition strategy and expand its geographical presence by acquiring Micromart. With Micromart being located only 13 miles away from Computer Strategies, Sprint identified strong synergistic opportunities.
Oliver Thompson, of KBS Corporate, advised on the deal and commented “I am really pleased with the outcome of this deal. Our clients at Micromart are able to swiftly exit the company as they hoped to do, and Sprint Integration will synergistically benefit from the acquisition in a number of ways, with the possibility of combining the client bases, service offering and staff members of Micromart and Computer Strategies. I wish all parties the very best going forward.”