Livingbridge is pleased to announce that investee company FluidOne has acquired Highlander Computing Solutions Ltd (“Highlander”).
The transaction marks FluidOne’s fifth bolt-on during Livingbridge’s tenure. Highlander is a leading supplier of enterprise IT infrastructure and SME IT managed services. The acquisition expands FluidOne’s reach into the North of England creating a centre of excellence for SME IT managed services and augments its existing services to mid-market and enterprise customers.
This acquisition will see revenue grow by 35% with a combination of enterprise IT infrastructure, SME IT managed services, enterprise IT cloud services and cyber security services representing nearly 50% of the FluidOne portfolio. It follows the investment in Microsoft Gold Partner Marathon Information Technology Services in May 2022. Highlander’s portfolio complements Marathon’s focus on cloud transformation, modern workplace, security and contact centre services for the mid-market and enterprise marketplaces.
Tom Reece, Investment Director comments:
“The acquisition of Highlander represents a strategic opportunity for FluidOne to augment the IT element of its Connected Cloud Solutions offering by enabling the provision of IT services to SME customers. Highlander builds on previous acquisitions made by the business and allows FluidOne to offer a first-class IT service across its entire customer base.”
Commenting on the acquisition, FluidOne CEO, Russell Horton said: “Bringing Highlander into the group is an exciting move for us as their services really complement those in our existing portfolio, further strengthening our Connected Cloud solutions, as well as enabling us to bring a strong IT service offering to small and medium enterprises.
As I got to know Steve and his senior team I realised what a strong fit they are to our strategy, with loyal and skilled staff, excellent customer service, and a portfolio that fills gaps in our IT offering. We have worked together on a joint strategy with ambitious plans to scale out Highlander as a centre of excellence within the FluidOne group leading a branch network of SME IT services in addition to their strength in enterprise IT infrastructure.”