Hampshire-based business communications technology and cloud communications specialist Onecom has acquired On-Site Connect Limited's UK customer base and operating assets.
This is Onecom’s second acquisition of 2023, and its 10th since private equity firm LDC invested in 2019.
The transaction brings the Portsmouth-based On-Site team, business assets and customer contracts into the Onecom Group.
Martin Flick, CEO of Onecom Group whose headquarters is in Whiteley, said: “We are delighted to continue our expansion with the addition of the On-Site Connect team and its customers to Onecom.
"The geographic proximity of the On-Site operation and the complementary nature of the household name customer base with our existing customer family make this transaction a perfect fit in our M&A strategy.
"Our acquisition growth plan is to continue to acquire strong businesses that share our culture, values, and ethos to enhance our presence and technical capabilities.
Founded in 2002, Onecom employs more than 600 people in offices around the UK and counts Vodafone, Microsoft, Google, Mitel, Samsung, Apple, Gamma and Five9 among others as its strategic partners.
Onecom is backed by LDC, which is fuelling the Hampshire-based business’s ambitious growth strategy.
Darren Burnett, founder of On-Site Connect, said: “When I decided to divest my communications division to seek business opportunities outside of the sector, Onecom were an obvious choice to look after the customer relationships we had spent many years building.
"Finding the right home for those customers and the long-serving team that support those customers, was really important to me. The Onecom team ticked all the boxes and made the transaction efficient, straightforward and practical.
"I know my valued customers and staff are in safe hands.”
Onecom was advised by Shoosmiths and HTM transaction support, while Onsite Communications Ltd was advised by Thursfields Legal Limited.
READ MORE: Hampshire’s Onecom completes second acquisition of 2022
Property law firms play a pivotal role in facilitating smooth real estate transactions and resolving…
Henley Festival and Henley Royal Regatta are set to continue their partnership after signing a…
Everrati, a Bicester manufacturer of electric vehicle powertrains, has entered into a strategic partnership with…
Merlin Entertainments, which oversees 140 global attractions across 23 countries from its base in Poole,…
A Bracknell business looking to make freshly roasted coffee accessible to a wider market has…
Wealth management and professional services group Evelyn Partners has appointed Danielle Pearce as a financial…