MSP Acquisition: BCN Group Buys Blue Logic
Blue Logic provides IT services for the Leeds and West Yorkshire regions of England. The acquisition will allow BCN to provide technology solutions and support to business across Northern England, the company said. The deal also adds Sage Accounting and CRM into BCN’s portfolio.
Founded in 2007, Blue Logic supports more than 500 business clients in the region. The company provides cloud solutions and IT security, and has a yearly revenue greater than US$9 million, the company said. Blue Logic’s over-60 employees will join BCN, but the teams will continue operating out of Leeds and Yorkshire, according to a statement released by BCN’s financial backer Beech Tree Private Equity.
BCN Acquires Blue Logic: Executive Perspectives
The deal is a critical step in the company’s expansion plans.
Simon Kelf, CEO of BCN Group, said:
“I have been very impressed by the skills and expertise of the Leeds team, and I am incredibly excited about the potential we have created to accelerate the growth of our business. This is a pivotal strategic step for our Group. BCN combined with Blue Logic can become the Northern IT Powerhouse for managed services. Joining forces will strengthen our reach and help to expand our capabilities whilst continuing excellent levels of service.”
Dave Helm, co-founder of Blue Logic also commented on the deal:
“I am deeply proud of the business and everyone in it. We have achieved great things over the last 12 years which is testament to our commitment to our customers and the service we deliver. I am genuinely excited about the future. I believe this collaboration will deliver huge opportunities to our customers and team. BCN demonstrated a strong culture and approach to their customers and team, one that we could identify with at Blue Logic. This, combined with their commitment to innovation, made the decision to join forces an easy one.”
BCN Group was co-founded in 2009 by Simon Kelf and Matt Smith. The company is now backed by the firm Beech Tree Private Equity, which invested in BCN in 2018. BCN is actively looking for more acquisitions, the company said.