Communicate Technology has received backing from Rockpool to pursue a buy-and-build strategy in the IT services sector, following three acquisitions to date.
The business operates its own fibre network infrastructure, together with a dedicated Network Operations Centre in Teesside and an in-house 24/7/365 Security Operations Centre in Leeds.
Founder Tony Snaith and the executive management team are re-investing alongside Rockpool and will be joined by Roger Flynn, who was appointed to the board as Non-Executive Chairman at the completion of Rockpool’s investment.
Snaith said: “This investment into Communicate is a clear next step for us to achieve our growth strategy. Working with Rockpool will open doors for us to expand our full-service offering to more businesses and multi-tenanted sites.”
Tom Coey, Investment Director at Rockpool, added: “This investment marks the first step on a buy-and-build journey. It is very rare that we back a business that has already sourced, completed and integrated three acquisitions to date.”