Acquisition for IT & Managed Service Provider Flotek

Acquisition for IT & Managed Service Provider Flotek

Ambitious IT & Managed Service Provider Flotek has acquired Gower Business Systems, a Swansea-based IT Provider specialising in the legal and professional services sector, in a deal advised on by the GS Verde Group.

The acquisition comes as part of Flotek's plan for growth through acquisition, along with a vision of supporting SMEs in South Wales and beyond to be prepared for digital transformation. The acquisition adds £1.2m in revenue to Flotek's turnover, as the business accelerates toward its ambitious growth target.

Jay Ball, CEO of Flotek, said: "We are delighted that Gower Business Systems is joining Flotek. The team there has developed an incredible reputation over the last 30 years, being a certified Microsoft partner and working proactively to provide tailored IT and tech solutions to clients.

"By integrating with Flotek, this enhances our delivery of dedicated care and support to SMEs, helping them adopt next generation technologies and delivering cost savings, scalability and growth."

One of Wales' most established MSPs, Gower Business Systems was founded by Mark Wyatt, former Wales Rugby Union player, and Mark Bowling and specialises in trusted service for the legal and professional services sector.

With a base at The Maltings, in Cardiff and now a second in Swansea to extend coverage further with engineers closer to customers, Flotek is helping clients across South Wales to embrace cloud technology, with a well-structured management team and robust strategy for organic and acquisition growth.

The deal was advised on by GS Verde, who are actively working on acquisition opportunities for Flotek to support the ambitious growth plans set out by the founders.

The GS Verde Group are business focused experts in getting deals done. The group combines multiple disciplines including law, tax, finance and communications, to provide end-to-end support as a complete advisory team.

Testimonials

"GS Verde Tax & Accountants have been invaluable during an important and rapid growth phase of our business."

Nick & Jon Bird, Partners, SquareBird

"There are lots of accountancy firms that we could have chosen from to work with however there was a distinct difference in the approach and service level that was offered by GS Verde Tax & Accountants."

Kevin Dunn, Director, UKMD Ltd

"They are our finance team; and they are on top of our accounts and our financial strategy. We rely on their expertise to help us drive our business forward and they meet every aspect of our needs"

Mike Stephens, Director, English County Contracts Ltd

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Jonathan Gould, Managing Director, GWorks Ltd

"Worth absolutely every single penny – this is the single best decision we have made in the last year. For every single person we have spoken to at GS Verde Tax & Accountants – nothing is too much."

Hannah Kennard, Director, AK Plant Services Limited

"I feel valued as a client. I get rapid responses to any emails or calls; and I must say the GS Verde Tax & Accountants team are brilliant. I already feel freer to concentrate on setting the strategic direction for the business"

Mark Burland, Director, First Class Comms Ltd t/a FCC