Flotek extends geographic scope of M&A drive with latest deal
Wed, 08 Mar 2023 | BUSINESS SALE
Managed service provider (MSP) Flotek has continued its acquisitive activity with a deal that extends the geographic reach of its M&A growth strategy. The company has acquired Chester-based telecoms firm ECS Solutions, expanding its UK presence beyond South Wales and England and into the North of England.
ECS Solutions was founded in 1985 and has built a solid reputation as a provider of telecoms systems to enterprises. The company, which is a certified Alcatel Lucent supplier, increases Flotek’s turnover to £4.5 million and its client base to 850 across the UK.
The acquisition is Flotek’s sixth since it was established in April 2022, with its acquisitions having previously focused on businesses in Wales and the South of England. The company’s M&A strategy targets SMEs with the aim of driving digital transformation, helping the companies it acquires adopt new technologies to enhance their operations and service offerings to customers.
Jay Ball, CEO of Flotek, commented: "To date, our business growth has focused on South Wales and England, so this latest acquisition is an exciting step forward that significantly expands our reach across the UK.”
"ECS is renowned within the industry and is an incredible addition to our group. The deal enables us to achieve a key target of providing a set-time response to clients through dedicated teams now with local engineers accessing North Wales and England, and forge relationships with key stakeholders in the region."
ECS founder and managing director Peter Hull added: "Having built ECS into an industry-leading provider to our nationwide customers, I look forward to seeing the business prosper as part of the Flotek Group. Our clients can expect the same, high quality telecoms service they have always received, and will now have the added benefits of integrated IT support from one, dedicated supplier."
Flotek’s M&A-driven expansion is being led by co-founder and Financial Director David Middleton, alongside the company’s newly-appointed Senior Account Manager Saleem Lone.
Read about what's driving M&A in the UK telecoms sector.
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