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The Business Magazine May 2024
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Onecom acquires Daly Systems

Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom is the UK’s leading business communications technology and cloud communications specialist.

The company currently manages almost 80,000 business customers, delivering communication services and unified solutions across fixed line voice, connectivity, and managed cloud.

Daly Systems is a communications and connectivity provider with capability in unified communications (UC) and IT managed services.

It maintains long-standing partnerships with Gamma, Microsoft, Openreach and Jola.

The acquisition enhances Onecom’s capabilities and capacity through Daly Systems’ expert team, geographic reach via its Leicester operations centre, and an established customer base.

HMT undertook financial due diligence on the deal.

Christian Craggs, director of M&A and strategy at Onecom, said: “Having worked with Onecom on several acquisitions before, HMT provided us with invaluable insights on this transaction, enabling us to make informed decisions and worked closely with all parties to ensure a successful completion.”

Paul Read of HMT added: “We’re delighted to have advised Onecom on their 12th acquisition since 2020.

“This acquisition is another perfect fit for Onecom as the businesses share the same culture and the acquisition will broaden Onecom’s capabilities and geographic reach.

“We look forward to working with them again in the future.”

Buyside Advisors Include

Sellside Advisors Include

    Share
    IT provider Daly Systems (Leicestershire)
    has been acquired by
    Telecoms provider Onecom (Hampshire)
    June 2024
    UNDISCLOSED
    Water consultancy Waterscan (West Sussex)
    has received investment from
    Private equity firm LDC (London)
    June 2024
    £12m
    who's behind the deal?
    Bluewater Shopping Centre (Kent)
    has sold an additional stake to
    Property investor Landsec (London)
    June 2024
    £120m
    who's behind the deal?
    Insurer Atec Group (Oxfordshire)
    has been acquired by
    Private equity firm Perwyn (London)
    June 2024
    UNDISCLOSED
    who's behind the deal?

    Group Titles

    Dorset BIZ NewsHampshire BIZ News
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