Post completion, the newly enlarged Elite will have revenue in excess of £50m with underlying EBITDA of over £8m, representing growth of 37% and 43% over Elite’s FY7/16 results.
Elite’s Founder and CEO, Matt Newing, says, “We’re delighted with the acquisition of Nexus Telecommunications. Nexus has a great reputation in the industry and is a perfect complement for Elite. We share a similar high-service culture, and we believe the combination of our two companies’ unified comms and IT products and services will deliver the strongest client offering in the industry.”
“Nexus has some bespoke service wrap solutions to meet individual customer requirements that Elitetele.com will offer to our wider customer base, that focus on corporate and enterprise clients. Its great customer base is backed by a strong team of people who we’re really happy to welcome to the Elite Group. We look forward to working with them to deliver the best customer experience in the industry,” says Newing.
Rob Sims, CEO, Nexus Telecommunications, who is staying on with the business following the acquisition and joining the group leadership team, says, “Nexus’ culture of service excellence, flexibility and customer choice make us a great fit with Elitetele.com. Our customers will benefit from Elite’s wide range of services, including hosted IT services, PCI Compliance, SIP services, phone systems and numbering services, which will complement the Nexus offering, giving our customers even better service.”