Following on from several acquisitions, the £27m turnover firm Excell Group has been monitoring the market proactively for further “right fit” companies to acquire. Finance Director, Edward Pettit, heads the acquisition growth strategy for the provider of Cloud based managed services to business clients.
Pettit commented: “The Group’s strong cash reserves leave us well placed to capitalise on such opportunities. Acquisitions are targeted to complement the existing products, expanding our base, providing cross selling opportunities with a focus on hosted and managed services.”
Pettit played a pivotal role in the recent acquisition of Resource Utilities Ltd and Green Mobile customer bases and is now actively searching for more targets to acquire.
Darren Strowger, Excell Group Chairman commented, “The acquisitions, which utilise charity affinity schemes further support Excell’s commitment to social value and adds to charitable commitments already made to Teenage Cancer Trust and local charitable projects and initiatives.”
Pettit added: “The telecommunications industry in the UK is in a state of rapid change. With changing demands of technology becoming increasingly prevalent and complex, and with new regulatory changes on the horizon the acquired customer bases will benefit greatly from Excell Group’s expert support and comprehensive range of cloud products and services. We will remain focused on our customers and strengthen and build on our offerings to deliver even greater value. The Group looks forward to delivering and supporting services to this diverse and socially responsible base of customers.”