Basingstoke-based Southern Communications is to target more acquisitions following an increase in existing debt facilities from a syndicate led by Santander Corporate & Commercial, alongside HSBC and Aviva Investors.
The company has completed 13 acquisitions since 2013 after it first secured a Santander Growth Capital loan.
Southern Communications CEO Paul Bradford said: "This latest funding gives us the means to continue to realise our ambitions. The process bringing Aviva on board, overseen by Santander, was well-run and delivered on time in a relatively tight timetable."
Saul Proctor, Director, Financial Sponsors, Structured Finance Group, Santander Corporate & Commercial, said: "Southern Communications has a proven, highly successful acquisition track record, which has added significant scale and capability. Additional acquisitions will only increase Southern Communications' competitive advantage."
Funding boost puts Southern Communications on road to more acquisitions
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