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The merger of both firms creates a £55m company
G3 Comm and Connect Managed Services have agreed a merger forming a £55 million company.
The merger was backed by recently formed private equity fund, Apiary Capital, which acquired a majority stake in G3 Comms in March.
Connect Managed Services has global enterprise partners such as Johnson & Johnson, BP and beverage company Diageo. The firm saw a management buyout in 2014 and has since grown to a £30 million business.
Vodafone connectivity partner of the year G3 Comms is a £20 million business counting Volkswagen and Morningstar as clients.
Connect Managed Services Alex Tupman and Martin Cross, will lead the group as CEO and CTO respectively, together with G3’s James Arnold-Roberts and Adam Young, who will become group managing director and COO respectively.
Appointed to the board is Mark Thompson as chairman and G3 co-founder Tony Parish as a non-executive director.
Group CEO Alex Tupman said: “Our objective is to create a highly scalable and focused business that can support the needs of a far greater and more diverse customer base, located within both the UK and abroad.”
G3 CEO James Arnold-Roberts added: “When we looked at Connect’s capabilities alongside our own – including our dedicated global network infrastructure – it was clear that this was the perfect fit.”