MSP Air IT is doubling in size with the acquisitions of Netstar UK Limited and Microtrading Limited, both in the UK.
London based IT managed service provider Netstar UK , and Birmingham based MSP Microtrading are being bought for undisclosed considerations. Recently backed by August Equity Partners LLP, these transactions have enabled the Air IT group to double its size in just nine months; making significant strides towards its goal of becoming the UK’s largest SME focused cloud managed services provider.
Air IT is a managed service provider delivering converged IT solutions, managed support, comms, cyber-security, digital transformation, cloud, and business intelligence solutions. All three firms have maintained organic growth over the last three years consistently greater than 20%.
John Whitty, CEO of Air IT said: “Since the investment and commitment made by August Equity Partners to back our growth strategy, the team have been hunting for solid businesses who share our dedication and ability to serve the SME market. We are delighted to have found these, despite the recent pandemic, with Netstar and Microtrading who are both extremely capable, successful, and exciting businesses with very talented teams, which will result in the doubling of staff to 140 people. The inclusion of their teams will provide additional depth and expertise to support the innovative and business enhancing services provided to our customers. These acquisitions represent the first step towards achieving both our organic and acquisitive goals which is supported by a strong and mature pipeline of similar deals.”
Mit Patel, Managing Director and Founder of Netstar commented: “We are delighted to join the Air IT group. Netstar has consistently invested in our people, systems, processes and product portfolio and we will continue to provide excellent service and strategic technology advice to our customers. Our clients will now further benefit from a broader service portfolio, including Cyber and Business Intelligence (BI) Solutions.”
Andy Penlington and Neil Marlowe, the joint Managing Directors of Microtrading said: “We have spent almost 40 years developing and growing our business into a successful and agile organisation, and the time is right to take the next step and allow our customers to benefit from our significant joint capability and technical investment. We are all very pleased that the Air IT values and culture are extremely close to those already present within Microtrading, which will make the integration of the businesses so much easier”
