September 4th, 2019
Leading IT managed services provider (MSP) and 2019 MSP 501 winner, CMI has completed the purchase of BTA
Sept. 04, 2019 – CMI, one of the UK’s leading IT MSPs has continued on the acquisition trail with the recent purchase of BTA, a similarly-sized MSP based in London. The acquisition of BTA takes CMI to a turnover in excess of £11m and a staff of 100, based at three sites across the UK – Belfast, London, and Maidenhead.
This increase allows CMI to gain wider access to the UK market and further cements its commitment to the IT sector and the businesses it serves. The acquisition was funded by leading growth equity provider Panoramic Growth Equity.
The marriage of CMI and BTA is the result of an introduction made during last year’s Kaseya annual European user conference – Connect IT Europe – at the show’s mergers and acquisition symposium.
BTA has operated for 25 years in the UK and offers a range of services, including IT support, security and compliance, disaster recovery, cloud technology, and network and internet services. The company has 50 employees and a customer base of 250, including clients from financial, manufacturing, and professional services sectors amongst others.
Ken Roulston, Managing Director of CMI, spoke about the significance of the move: “The acquisition of BTA will create an even stronger IT service provider. We take great pride in providing our customers with the best advice so that they get the most from their IT investment. Bob Brittaine, our Chairman, Graham Stead, Client Relationship Director, Michael O’Neill, Managed Services Director, and I have over 100 combined years in the IT services sector. Now we have been joined by Darron Millar as Technical Solutions Director and Victoria Millar as Client Services Director, we are very excited about what the future holds.”
Richard Taberner, Managing Director of BTA said: “This is great news for BTA clients and staff as it will allow for an even better IT support service, with more resources and a larger professional services team, with an even wider skillset.”
Fred Voccola, CEO of Kaseya, added: “The success of our customers drives every decision we make. The fact that a chance meeting between CMI and BTA happened at our Connect IT Europe conference last year during our M&A symposium, and ultimately led to this purchase, is the kind of customer news we love to hear about. It’s humbling to know that we played a small part in helping to make this deal happen.”
The acquisition of BTA comes on the back of CMI being recognised as one of the “most elite, innovative and strategic IT service providers globally” by the Channel Futures MSP 501 programme.