DMC Canotec has announced the acquisition of United Carlton, a reseller of managed print services.
This acquisition provides the group with a stronger presence in the North of the UK, building on our strong and long-held position in Southern England following the acquisitions of Canotec, BCL, HP Technology and First Office.
United Carlton has spent 30 years developing strong relationships with clients from its three offices in Gateshead, York, and Warrington. The combined business will employ 250 staff, supporting 4,500 customers.
Simon Davey, DMC Canotec CEO said, “we agreed on a clear acquisition strategy with our investors, Horizon Capital, and that was to buy first-class companies with long-standing reputations for quality service. The acquisition of United Carlton brings with it great staff, products, and customers, and together we will develop a single platform that will enable all stakeholders to thrive.”
Luke Kingston, Partner at Horizon Capital added, “we are delighted to support DMC Canotec in integrating United Carlton in the group to form a rare asset of scale in the sector, with group revenues more than doubling from the time of our original investment. We will continue to support Simon and his team in supplementing the organic growth of the business with high-quality acquisitions in what is a highly fragmented market.”
Regional Directors Warren Colby and Mark Bryce will continue to be responsible for growing the Northern regions both organically and through further acquisitions.
The latest acquisition is DMC Canotec’s fifth in six years, further broadening its portfolio of managed services, including document management solutions, managed print services, IT managed services and telecoms.