Innov8 Technology Limited, a leading provider of software and IT infrastructure based in Stockport, sought to expand its market presence across the UK and into Ireland. They identified Acorn IT Solutions Limited, one of the largest fully accredited Sage Business Partners in the UK and Ireland, as a strategic acquisition target to enhance their service offerings and strengthen their position within the competitive IT solutions market.
Our approach
Our partners at DTE Transaction Services provided comprehensive financial due diligence services to support Innov8 Technology in this significant acquisition. The DTE team, comprising Matt Beckley, Lewis Pearson, and Ben Fallows, leveraged their extensive experience in transactional services to deliver tailored project work for this strategic move.
The outcome
The acquisition of Acorn IT Solutions Limited by Innov8 Technology Limited was successfully completed, resulting in enhanced service offerings for Innov8 Technology. This strategic move has strengthened Innov8’s market position across the UK and Ireland, while significantly expanding their client base and expertise in the IT solutions sector.
What did the client have to say?
Carl Maher, Managing Director of Innov8, said: “The partnership of Innov8 Technology and Acorn IT Solutions is a significant milestone in Innov8’s growth strategy. Acorn’s expertise and market presence will complement our existing offerings, allowing us to deliver even greater value to our clients across the UK and Ireland. We are excited to welcome the Acorn team and look forward to the opportunities this acquisition brings.”
Our expertise
Lewis Pearson, Associate Director at our partners DTE, commented: “This acquisition exemplifies our commitment to supporting Innov8 Technology Limited in their strategic growth journey. Our longstanding partnership, now marked by three successful collaborations, underscores the trust and expertise DTE brings to facilitating significant acquisitions in the IT sector.”
Long-term partnership
This marks the third successful collaboration between Innov8 Technology Limited and our partners at DTE Corporate Finance, following advisory services on the acquisitions of Viking Management Systems Limited in 2017 and Wharncliffe Business Systems Limited in 2022. This continued partnership highlights the expertise our partners at DTE bring in facilitating strategic growth initiatives in the IT sector.
