Anglotech Group acquires document provider Four Digital Solutions
Anglotech Group has completed the acquisition of Four Digital Solutions, a print and document solutions provider based in Harpenden. The deal was supported by professionals from Symmetry Corporate Finance, Herrington Carmichael, Grovelands Advisory, Lawson & Turnham, and Crowe.
Based in Hertfordshire, Four Digital Solutions is a wholesaler of printers, photocopiers and other supporting office equipment. With customers across London, Four Digital Solutions’ point of difference is providing office solutions which are carefully thought out to meet the needs of a particular business, as opposed to a one-size-fits-all approach. The firm has also expanded their offering to incorporate other support functions such as rapid-response maintenance for machines, installation of smart software tools, and wider IT training and support.
As it looks to further build that base, it has joined Anglotech Group – committed to growth by its buy-and-build strategy. Anglotech is a UK office equipment and solutions provider, focused on delivering tailored office technology solutions across the UK.
Speaking on the deal, Brad Piercewright, CEO of Anglotech said, “I am excited to see the Four Digital Solutions team join us at a time of significant growth for our organisation. The future for Anglotech is very bright indeed and this acquisition will accelerate our shared success.”
Dealmakers
Symmetry Corporate Finance advised the shareholders of Four Digital Solutions on their sale to Anglotech. Commenting on the work, Four Digital Solutions CEO Vince Tickel said he was “delighted to have found the right home for the business”.
On Symmetry’s role in that, he added, “There were a number of interested acquirers for 4DS but it quickly became clear that Anglotech were the best cultural and commercial fit… Symmetry drove the process on our behalf, from pre-market production & preparation, through to bringing interested parties to the table, leading negotiations and managing the transaction through to a successful completion and we are grateful for their advice and support.”
On the buy side, the financing of the acquisition which was provided by Thincats. Meanwhile, Anglotech received advice on its solutions from several professional services firms. The acquisition was assisted by Matt Holloway of Grovelands Advisory, Mansel Turnham of Lawson & Turnham, and the UK wing of Crowe, who assisted with the financial due diligence.
Herrington Carmichael offered legal advice to Anglotech on the deal, with its team led by Managing Partner Yavan Brar, and with support from Stephen Taylor, Michelle Lambeth, Zen Marais, and Lydia Everett, Tom Hyatt and Harris Qureshi, Rachel Duncan and Charlotte Keeper.
Remarking on the firm’s support, Ross Oakley, managing director of Anglotech, added, “It is a pleasure working with the Herrington Carmichael team as they fully understand our business model and objective to expand our reach and services across the UK. Many thanks to Yavan and Stephen for their support & expertise on this key acquisition, which is our 9th to date. Their high-level legal diligence allows us to focus on securing the right partners.”
