HMT Corporate Finance were delighted to advise SpiriTel, a leading business communications service provider group, on the acquisition of Boucon Network Solutions Limited.
Based in Swansea, Boucon is a leading provider of Internet Protocol (IP) based telephony solutions, and like SpiriTel, has the highest level of accreditation with Mitel as a Premier Partner. Boucon has a high quality customer base including the DVLA and a number of NHS Trusts and county councils, with whom Boucon has contracted maintenance agreements.
The acquisition, SpiriTel’s ninth in three years and third in three months, is in line with its growth strategy, and provides solid expansion of its Business Division’s geographic footprint in South Wales and the additional opportunity to cross sell services into Boucon’s client base.
Commenting on the acquisition, Alastair Mills, Chief Executive of SpiriTel said:
“Boucon is a strong fit, both strategically and geographically, for our IP Communications line of business. This transaction represents another step forward in our acquisition-led growth strategy."
"Once again HMT provided commercial advice on what was a tricky acquisition completed to a very tight deadline and we look forward to working with them again soon.”