BCN Group Strengthen their Northern presence with Blue Logic Acquisition
2nd May 2019 – BCN Group, the Manchester based IT cloud and managed services specialist,is delighted to announce the strategic acquisition of Blue Logic which is the leading provider of IT services in Leeds and West Yorkshire. The acquisition provides the enlarged Group with an exceptional platform to provide technology solutions and support for businesses right across the North of England and also introduces Sage Accounting and CRM into BCN’s portfolio.
Blue Logic was established in 2007 and now supports over 500 business clients across Yorkshire and the North East. The company is renowned for exceptional quality in designing and providing leading edge technology, cloud solutions, and IT security. The company has been growing strongly and has sales revenue in excess of £7m per annum.
Blue Logic’s engineering and support centre of over 60 engineers will combine with the BCN team but will remain Leeds based offering local support, as will the Yorkshire salesforce. Moreover, the Group anticipates further expansion of sales and support in Leeds as the company continues to grow. It is expected that both BCN and Blue Logic customers will enjoy access to a wider set of products and services as the expertise of each business unit becomes available to the other.
Simon Kelf, CEO of BCN Group, commented:
“The essence of BCN Group’s success is to provide market leading IT and cloud support to local businesses from a local centre. The acquisition of Blue Logic is a critical step in our journey as it provides us with a second core site to expand our geographical footprint so we can service customers across Northern England. I have been very impressed by the skills and expertise of the Leeds team, and I am incredibly excited about the potential we have created to accelerate the growth of our business. This is a pivotal strategic step for our Group. BCN combined with Blue Logic can become the Northern IT Powerhouse for managed services. Joining forces will strengthen our reach and help to expand our capabilities whilst continuing excellent levels of service.”
Dave Helm, Co-Founder of Blue Logic added:
“I am deeply proud of the business and everyone in it. We have achieved great things over the last 12 years which is testament to our commitment to our customers and the service we deliver. I am genuinely excited about the future. I believe this collaboration will deliver huge opportunities to our customers and team. BCN demonstrated a strong culture and approach to their customers and team, one that we could identify with at Blue Logic. This, combined with their commitment to innovation, made the decision to join forces an easy one.”
BCN Group was advised by solicitors DLA Piper with due diligence support from Dow Schofield Watts. Blue Logic was advised by solicitors Walker Morris and corporate finance advisors KPMG.
BCN Group is an IT and Cloud Services business co-founded by Simon Kelf and Matt Smith in 2009. The company’s core philosophy is to provide leading technology from global providers with comprehensive local support.
BCN is based beside Manchester Airport and supports over 400 North West SME companies. Over ten years the company has developed extensive expertise across “on-premise” IT solutions, has built its own BCN cloud infrastructure, and offers Microsoft’s Office 365 and Azure platform solutions. The company has very strong engineering and design capability and an entirely client centric culture which in recent years has led to market leading organic annual sales growth rates in excess of 25%. Business intelligence firm Megabuyte gave BCN Group an “Emerging Star Award” in 2018.
To support BCN’s expansion strategy Beech Tree Private Equity invested in the company in
2018, and in April 2019 NatWest made significant acquisition banking facilities available.
BCN are actively looking for further acquisitions.
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