EACS acquired by managed print firm Mode Solutions

Deal will more than double Mode Solutions’ existing revenues as it continues to expand into managed services

EACS has been acquired by managed print provider Mode Solutions as it continues to expand into the managed services space.

The deal was reached through a debt refinancing by BlackRock with additional acquisition funds from both BlackRock and its backer Connection Capital.

Founded in 1994, Cambridgeshire-based EACS is a managed services provider which turned over £23.1m in its latest financial accounts for the year ending 31 March 2021, down three per cent on the previous year.

The Microsoft Gold partner is an approved supplier on the G-Cloud Digital Marketplace and NHS Shared Business Services and counts The University of Cambridge, Development Bank of Wales and Kwik-Fit among its customers.

Mode Solutions meanwhile has its roots as a print provider, but diversified its business in 2019 through its acquisition of Nix Communications, adding unified comms and networking services to its business.

The acquisition of EACS "strategically expands" its capability into managed services while also expanding its geographic reach and more than doubling its existing revenues.

Following the deal, the East Hertfordshire-based firm now claims to have three sites in the UK, a combined headcount of 200 and a core customer base of nearly 3,000.

Mode Solutions is led by industry veteran Alex Tupman, who became CEO in March 2021.

"An acquisition of this size and quality further demonstrates our growth ambitions and evolution from our heritage, as well as delivering on our strategic objectives to offer a full trifecta of digital services to UK businesses from a single source with a reputation for providing an outstanding customer experience," Tupman said.

Kevin Timms, chairman and CEO of eacs added: "With companies choosing to accelerate IT outsourcing and digital transformation programmes in the wake of COVID-19, a true single-source supplier with exceptional service delivery will enhance customer experience. We believe Mode will provide the right environment for our customers and staff, particularly given the shared ethos of excellence in customer service."