Horizon-backed Agilico, a B2B print and document service provider, has acquired United Carlton, a customer-centric reseller of managed print services.
Agilico has long held a strong position in Southern England following the acquisition of Canotec, BCL and First Office. This latest acquisition provides the group with a much stronger presence in the North of the UK. United Carlton has spent 30 years developing strong relationships with clients from its three offices in Gateshead, York and Warrington. The combined business will employ 250 staff supporting 4,500 customers.
Agilico CEO Simon Davey said: “We agreed a clear acquisition strategy with our investors, Horizon Capital, and that was to buy first-class companies with long-standing reputations for quality service. The acquisition of United Carlton brings with it great staff, products, and customers and together we will develop a single platform that will enable all stakeholders to thrive.”
Luke Kingston Partner at Horizon Capital said: “We are delighted to support Agilico in integrating United Carlton in the group to form a rare asset of scale in the sector with Group revenues more than doubling from the time of our original investment. We will continue to support Simon and his team in supplementing the organic growth of the business with high-quality acquisitions in what is a highly fragmented market.”