Air IT continues growth spurt with fourth pair of acquisitions
Air IT has today announced its seventh and eighth acquisitions in a series of M&A deals led by CEO John Whitty. It has acquired Reading-based MFG UK Ltd and Uttoxeter-based INFINITY IT Solutions Limited, effective 2nd September 2021, for undisclosed considerations.
Backed by August Equity since January 2020, this marks the fourth time the IT Managed Service Provider has acquired two businesses simultaneously – the first pair last October, the second in December and the third in March.
Air IT has added MFG and INFINITY to its portfolio as part of ambitious plans to further expand across the UK and become the MSP of choice for SMEs nationally. As a result of these acquisitions, Air IT has increased its headcount to 270 staff – over 200 of whom perform direct service-related roles – and boosted its existing presence both in the South East and the Midlands.
The new additions are both highly regarded MSPs in their own right, having seen impressive organic year-on-year growth and earning an excellent reputation with their clients, demonstrated by their customer loyalty.
John Whitty, CEO of Air IT, says: “We are thrilled to have found two more outstanding teams to join the Air IT Group, which has allowed us to further expand our footprint and introduce skilful, likeminded colleagues to the team. Both MFG and INFINITY are very similar to us in terms of their service maturity, product set, client type and, most importantly, culture – we are confident that they will be a great fit for Air IT and look forward to the contribution we know they will add. Our aim is to be the go-to MSP and MSSP for SMEs across the UK, delivering a local service on a national scale, and welcoming exceptional talent to the Group will help us achieve this.”