DMC Canotec, a B2B print and document service provider backed by Horizon Capital, has acquired United Carlton, a customer-centric reseller of managed print services.
This acquisition provides the group with a much stronger presence in the North of the UK, building on its established 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.
DMC Canotec CEO, Simon Davey, said “We agreed 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, said “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.
Warren Colby said “from the moment we met with both Simon Davey of DMC Canotec and Luke Kingston from Horizon, we were excited about what the group could collectively achieve. The combination of these two successful businesses will form the basis of a strong group, whichwill through acquisition provide a national reach to clients”.
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.
About DMC Canotec:
Established in 1991, DMC Canotec provides smart and secure print and document management solutions, helping businesses control costs, improve efficiency, go paper-lite and secure their workplaces. Its core values of simplicity, innovation and excellence have helped it grow into one of the largest, most advanced suppliers of print and document management solutions in Europe. Combining customer-centric insights with expertise in change management and process automation, DMC Canotec helps businesses on the journey towards digital transformation. To find out more, visit www.dmcplc.co.uk
About Horizon Capital:
Horizon Capital is a buyout and growth capital investor providing equity capital to fast growing businesses in the technology and business service sectors. It focusses on partnering with talented management teams and supporting them to accelerate growth organically and through acquisition. Horizon is an investor in Sabio a leading provider of digital customer engagement technology, Bellrock, a specialist in facilities management and property services, Churches Fire, a fire safety service provider, and Wireless Innovation, a Machine-to-Machine and Internet of Things connectivity and communications specialist. To read more about Horizon and see its full portfolio of investments, visit: www.horizonpe.co.uk