Hampshire-based business broadband and cloud provider Onecom, which is backed by LDC and Ares Management Corporation (here), has today announced yet another acquisition after they scooped Leicester-based telecoms and IT provider Daly Systems for an undisclosed sum.
Martin Flick, CEO of the Onecom Group, said: “The acquisition of Daly Systems is yet another transaction that fits perfectly into our expansion and diversification strategy. In addition to broadening our geographic reach across the UK, we foresee exciting cross-sell opportunities with our combined customer groups.”
The move broadly continues Onecom’s current buy-and-build strategy, where a big chunk of their growth is being developed through acquisitions. Onecom was advised by Shoosmiths and HMT LLP for transaction support. Daly Systems was advised by Knight Corporate Finance, Torr Waterfield Accountants and Nelsons Solicitors.
