All systems operational · Ormskirk, North West England

Acquisition Strategy

Acquisition strategy

Thinking of selling your IT business?

Blowfish Technology is acquiring IT and communications businesses across the North West, Yorkshire, the Midlands and North Wales. If you own one and you’re planning your next step, we’d like to talk.

100%We buy the whole business, not a stake
2012Managed IT provider since
20+Staff to look after your clients
Why we’re acquiring

A safe home for your clients.

We’ve spent years building the systems, processes and certifications that a growing managed service provider needs. Acquisition lets us bring more North West businesses onto that platform, and gives owners a clear exit that looks after the clients they’ve built relationships with.

Your clients move onto an established service with a full team behind it. You get a defined handover and a buyer who understands the industry.

01 / Platform

Systems already in place

Service desk, remote monitoring, documentation and password management are already running. Your clients move onto them rather than a new operation being built.

02 / Assurance

Certified standards

ISO 9001, ISO 27001, ISO 14001, ISO 42001, Cyber Essentials Plus and Microsoft Solutions Partner for Modern Work.

03 / Onboarding

A proven way across

A documented onboarding process and a dedicated IT Onboarding Engineer bring each client across properly.

04 / Local

Local, owner-managed

We’re based in Ormskirk and Liverpool, and we want to grow a local presence in each area we buy into.

Stay on board

Sell the business. Stay part of the team.

We’d love owners to stay with us. As Blowfish expands into new areas, the people who built the client relationships there are the best people to help us grow them.

Selling doesn’t have to mean walking away from work you enjoy. Many owners want to keep doing the job without carrying the business on their own, and we want that too.

01

Help lead your area

Use your clients and local knowledge to help build Blowfish’s presence in your region as we expand there.

02

Keep doing what you’re good at

Stay close to your clients and the technical work, without the finance, HR and admin of running a company.

03

A bigger team behind you

Our service desk, engineers, certifications and systems support you and your clients from day one.

04

Or step back on your terms

If you’d rather retire, we’ll agree a handover period that introduces your clients to us properly.

What we look for

Businesses with recurring clients.

We’re looking for businesses selling recurring IT or communications services to SMEs, with clients similar to our own. Recurring client contracts matter more to us than premises or current profit.

01

Managed service providers and IT support

MSPs and IT support companies with clients on monthly or annual contracts.

Fits Managed IT Services

02

Telecoms, VoIP and connectivity

Resellers with a recurring base of lines, calls and licences.

Fits Communications

03

Microsoft 365 and cloud consultancies

Consultancies with ongoing licence and support contracts.

Fits Cloud Services

Owner-managedRun by the people who built it
1 to 15 staffIncluding the director
A wide range of clientsRevenue spread across many clients on written contracts, not reliant on one big account
5 to 100 staffThe typical size of your clients

No particular technology stack is needed. Every business we acquire moves onto our platform, so it doesn’t matter which PSA, RMM or security tools you use today.

Where

Our acquisition area.

We’re looking at UK businesses inside a boundary running from Lancaster across to Leeds, down through Sheffield, Derby and Stafford, and back to Wrexham.

Businesses closest to Ormskirk and Liverpool come first, then Greater Manchester and Cheshire, then Yorkshire and the Midlands. A business further out is still worth a conversation if its client base is strong.

Blowfish officesBoundary townsAcquisition area

Choose an area to zoom in

A good fit

What makes a strong match.

The best fit is an owner-managed business with clean contracts, well-looked-after clients and an owner who’s ready for what comes next.

What we look for

✓An owner planning their next step, whether that’s staying on with us or retiring
✓Client relationships held by the business and its team, not only the owner
✓Written client contracts that can transfer to a new owner
✓Client environments documented, or able to be documented during due diligence
✓Engineers who are happy to join Blowfish and work to our processes
✓Monthly contracts paid by direct debit or standing order

What you don’t need

–A management team below the owner. Welcome, but not required
–Your own finance, HR or admin function. We take care of these
–Your own premises
–A particular PSA, RMM or security stack
–A record-breaking last year. Read on
Had a tough few years?

Good clients, fixable problems.

We’re also interested in businesses that are finding things hard. If your clients are good and the problems are operational, our systems, team and certifications can usually fix them.

The problem

Contracts priced too low

Our service and support structure lets clients see the value of a fairer price at renewal.

The problem

Tool and licence costs

Clients move onto our platform, so duplicate tools and licences can be cancelled.

The problem

Everything rests on you

Our team and onboarding process take over the day-to-day client relationships.

The problem

Documentation and security

We bring client environments up to our ISO 27001 and Cyber Essentials Plus standards.

Where a business has debts or disputes, buying the trade and assets rather than the company can still make a deal possible.

How a deal works

From first call to handover.

Every deal is different, but most follow the same path.

01

An initial conversation

A confidential chat about your business, your clients and what you want from a sale.

02

A first look

We review your client contracts, recurring revenue and how your clients are supported today.

03

An offer

Based on your recurring revenue and the business once it’s part of Blowfish.

04

Due diligence

We work through contracts, client environments and documentation together.

05

Completion and handover

You introduce us to your clients over an agreed handover period, then stay on with the team or step back.

100% ownership

We acquire the whole business, usually through a share purchase. We don’t take minority or majority stakes.

Shares or trade and assets

For some businesses, buying the trade and assets (client contracts, goodwill and staff) is the better route. Transferring staff are protected under TUPE.

Upfront and deferred

An upfront payment, plus deferred payments linked to client retention over the first 12 to 24 months.

Be the next company added to the Blowfish shoal.

If you’re thinking about selling, or just want to understand your options, let’s have a confidential conversation. No pressure, no obligation.