A Stafford-based provider of sustainable IT services has been acquired by a London investment firm specialising in corporate carve-outs.
Inspirit Capital has acquired Converge Technology Solutions UK, in a deal which will see Converge UK continue as an independent business supported by Inspirit’s strategic focus and capital.
Founded in 1991, Converge UK offers full lifecycle support from hardware procurement through to managed services and IT asset disposal. The company generates revenues in excess of £150 million.
Ed Beazley, Investment Manager at Inspirit Capital, said: “Converge UK is a high-quality business with a strong market position, differentiated through its sustainable, end-to-end lifecycle offering and deep customer relationships.
“We are delighted to be supporting the company as it embarks on its next phase of growth as an independent business.
“This transaction reflects Inspirit’s expertise in successfully delivering carveouts, and we look forward to working closely with the management team to build on Converge UK’s strong foundations and capitalise on the significant opportunities ahead.”
Tim Westbrook, MD at Converge UK, added: “With Inspirit Capital’s support, we have a strong platform to accelerate our strategic ambitions, invest in our capabilities, and expand our market presence.
“This partnership allows us to continue delivering the consistent, high-quality service that has underpinned our longstanding customer relationships and we’re excited for the future.”
