Onecom, the UK’s leading business communications technology and cloud communications specialist, has acquired Portsmouth-based cloud technologies provider On-Site Connect Limited's UK customer base and operating assets. This is Onecom’s second acquisition of 2023, and its 10th since LDC invested in 2019. The transaction brings the On-Site team, business assets and customer contracts into the Onecom Group. Martin Flick, Onecom Group CEO, said: “We are delighted to continue our expansion with the addition of the On-Site Connect team and their customers to Onecom. The geographic proximity of the On-Site operation, and the complementary nature of the household name customer base with our existing customer family, make this transaction a perfect fit in our M&A strategy.
"Our acquisition growth plan is to continue to acquire strong businesses that share our culture, values, and ethos to enhance our presence and technical capabilities. On-site Connect provides excellent communication technology solutions to its loyal and well-established customers, making them a great fit for Onecom.”
"The acquisition of the long-established On-Site customer base and experienced team of people further enhances Onecom’s proposition for the benefit of our mutual customers and demonstrates our appetite to transact M&A deals of varying shapes and sizes."
“We are delighted to welcome the On-site Connect team who share our commitment to providing exceptional products, services and simply brilliant customer experiences to their customers, into the Onecom Group.”
Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom employs over 600 people in offices around the UK and counts Vodafone, Microsoft, Google, Mitel, Samsung, Apple, Gamma and Five9 among others as its strategic partners.
Onecom is backed by mid-market private equity firm LDC which is fuelling the Hampshire-based business’s ambitious growth strategy.
Darren Burnett founder of On-Site Connect said, “When I decided to divest my communications division to seek business opportunities outside of the sector, Onecom were an obvious choice to look after the customer relationships we had spent many years building. Finding the right home for those customers, and the long-serving team that support those customers, was really important to me. The Onecom team ticked all the boxes and made the transaction efficient, straightforward and practical. I know my valued customers and staff are in safe hands.”
Onecom was advised by Shoosmiths and HTM transaction support while Onsite Communications Ltd was advised by Thursfields Legal Limited.
- LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.
- LDC has committed to invest £1.2bn in UK mid-market businesses over the next three years.
- LDC has a portfolio of 90 businesses across the UK, across a broad range of sectors including Support Services, Financial Services, Healthcare, Industrials, TMT, Travel & Leisure, Construction & Property and Retail & Consumer.
- LDC has a nationwide network of regional offices to provide a local presence to the businesses and communities it supports.
- For further information, visit www.ldc.co.uk/pressrelease