Onecom expands with IP Office acquisition
Fareham-based business communications specialist Onecom has made its third acquisition of 2021 in a deal backed by private equity provider LDC to buy Exeter-based IP Office. The transaction brings IP Office’s team and over 700 customers into the Onecom Group.
The new partnership follows Onecom’s acquisition of Olive Communications earlier this year, which created the UK’s largest business-to-business mobile, connectivity and cloud specialist in the UK. That deal was closely followed by the addition of thousands of customers and hundreds of channel partners with the acquisition of 9 Group. Onecom is ranked 47 in The Business Magazine's Solent 250 list this year.
Martin Flick (pictured), Onecom Group CEO, said: “As we continue to grow, supported by LDC, we are delighted to welcome the IP Office team and customers to Onecom in a move that further supports our mission to build on and extend our geographic presence by acquiring strong businesses that share our culture, values and ethos. IP Office has demonstrable strength in the health sector which is an excellent complement to our already existing specialisms that bring proximity to specific customer need in distinct markets.”
He added: “We are delighted to welcome IP Office’s long-established SME and enterprise customer base and its fantastic team who share our commitment to providing exceptional products, services and simply brilliant customer experiences to UK businesses of all sizes.”
Yann Souillard, Head of LDC, said:
“Strategic acquisitions have been a core component of Onecom’s growth strategy since we backed the business in 2019. The acquisition of IP Office supports this strategy by further increasing Onecom’s geographical reach and its capabilities to meet the rising demand for its services.”
Onecom was advised by Shoosmiths and RSM while IP Office was advised by Ashfords Solicitors and Simpkins Edwards.
