Swindon-based Excalibur Communications, which provides IT and telecoms services to more than 4,000 SMEs in the South and South West, has undergone a management buy-out, with legal advice to the management team provided by Moore Blatch.
The management team, led by CEO, Peter Boucher, will take majority ownership of the firm, as part of Excalibur Communications’ five-year strategy for growth. Former owner and CEO, James Phipps, retains a minority shareholding. He remains involved with the company as Executive Chairman. The aim is for the management team to take full ownership of the business within five years and to increase investments and acquisitions in new technology.
Excalibur Communications is one of Vodafone’s top five distribution channel partners in the UK, and a Sunday Times 100 Best Small Companies to Work For in 2018.
Peter Boucher, CEO, Excalibur Communications, said: “We have just completed a record year and also acquired Ntegra IT Support Services. With the support of Jeremy Over and the rest of the team at Moore Blatch, we have completed a management buy-out that will allow us to focus on our ambitious growth strategy. We were delighted with the support and the level of commitment displayed by the Moore Blatch team, who showed tremendous flexibility in going the extra mile to get the deal over the line.”
Jeremy Over, partner, Moore Blatch, comments: “It was a real pleasure working with Peter and his team as they showed real passion for the business and the industry. It is an exciting time for the management team as they exercise their plans for growth, and I have no doubt that they will achieve their ambitions and become one of the largest managed IT and telecoms providers in the UK.”