Evolution Capital Advises ACR IT Solutions in the business sale to BDR Group
The shareholders of ACR IT Solutions, based in Bury, Greater Manchester concluded the successful sale of the business to the BDR group, a specialist IT supplier, located in Stratford on Avon. The sale of ACR, a supplier of IT infrastructure and support, was concluded in January 2021 for an undisclosed sum following a negotiation period of six months between buyer and seller.
ACR’s board of directors appointed Evolution Capital to provide expert advice and to identify an appropriate acquirer for the business in 2019. The eventual acquirer, the BDR Group have made a number of complementary acquisitions since its inception 1991 and were identified early in the engagement as a potential buyer for the business.
Founder and majority shareholder of ACR, Tony Burrison said, “Our engagement with Evolution Capital was the catalyst for success. Not only did they provide us with a safe pair of hands but their understanding of our requirements and their detailed approach was superb from start to finish.”
Nigel Cook, MD of Evolution Capital said,
“We are always pleased when the application of our expert advice and unique methodologies provide such a favourable outcome. We believe the goals of both parties have been exceeded with the speed and value of this transaction.”
Tony Burrisson concluded by saying, “My major takeaway from the transaction is that it is never too early to engage with the right advisors. No company should attempt a disposal process without getting an expert advisor. For our part getting the right one was the best money we have ever spent. Evolution Capital were good value and without them the venture would probably not have completed so favourably.”