FluidOne has acquired Camberley-based project five which provides outsourced IT services to SMEs across Surrey, Berkshire and Hampshire.
This deal follows the acquisition of Highlander Computing Solutions in January 2023 and builds on FluidOne’s strategy to invest in regional IT MSPs to create a branch network.
The latest investment creates a £30m revenue Business IT Centre of Excellence for FluidOne, with 930 customers, 134 employees and four branch offices led from Highlander’s Sheffield headquarters.
Project five Founder Steve Coburn stays with the Group as he becomes consultant to the board. Rob Reed-Roberts, Commercial Director and Brad Cordell, Technical Director, will continue leading the project five teams, reporting to Steve Brown as MD of the FluidOne Business IT Centre of Excellence.
Russell Horton, FluidOne CEO, said: “This deal builds on our strategy to create a branch network for expertly delivered IT managed services to Business customers.”
Steve Coburn, project five Founder and MD: “The FluidOne portfolio will broaden the service offering to our existing customers and the acquisition offers fantastic career opportunities to the project five team.”
Post-acquisition, FluidOne’s CEO, Russell Horton, is to become Chairman of project five, with FluidOne Directors Brendan Lynch, Chris Rogers and Roy Hastings also becoming board directors.