MSP continues acquisition spree after securing PE investment

Ridgewall makes fourth acquisition of the year

MSP Ridgewall Group has completed its fourth acquisition in 12 months, after taking on private equity investment.

Ridgewall announced its takeover of hospitality-focused QDOS SBL at the same time as it revealed Inflexion as its new private equity investor.

Inflexion took a stake in hosting provider UKFast last year.

Ridgewall offers a host of managed services around IT, print, cybersecurity and unified comms.

Dominic McAnaspie, CEO at Ridgewall, said: "I'm proud of the business we have built up at Ridgewall.

"For some time now we have felt there is a real opportunity to take a leading role in consolidating what we see as a fragmented industry.

"QDOS SBL is our fourth acquisition of 2019, and we are confident that Inflexion's impressive track record in helping businesses grow through M&A as well as its technology knowhow and experience make it an ideal partner as we look to expand our company in this way."

The combined business now employs over 100 people and has around 1,800 customers.

Simon Turner, managing partner at Inflexion, said: "Ridgewall's success to date in developing long-term relationships, combined with its technical excellence, make it well placed to drive its future growth both organically and acquisitively.

"Management's ambition and proven tenacity mean the company has the potential to become a unique international asset in the sector and we look forward to supporting them on that journey."