Current
Commitment:
£30m
Date of investment:
2018
Sector:
Technology Services
Buy & Build:
11 Completed Acquisitions
“A proven track record in backing acquisitive companies in fragmented markets made Horizon Capital an ideal partner for our business. Their impressive sector knowledge has played a vital role in helping us satisfy our long term ambitions.”
Simon DaveyCEO, Agilico
Background
Agilico is a leading provider of workplace technology, with capabilities that span managed print services, information management solutions, agile working technology, telecommunications and managed IT services. Agilico supports businesses across the UK by helping them build more effective and agile working environments for their teams.
The business operates in a fragmented and growing sector sized at £1.7bn with over 600 independent operators in the UK alone. Horizon Capital worked closely with management to develop a strategy to consolidate the sector with origination capability, M&A support, and capital to become the leading independent operator focused on high-quality service levels.
The Journey so far
Horizon Capital has taken Agilico on a transformative buy and build journey since its original investment in platform company DMC Canotec in 2018.
Through both M&A and organic growth the customer base has expanded more than five-fold to 11,000 largely SME clients.
In addition to M&A support, we have invested in the team, adding a COO, CFO and CMO to support CEO, Simon Davey. The board has also invested in the Group’s infrastructure including its ERP, CRM, accounting and collaboration tools to build a robust platform for continued organic and M&A led growth.
Buy and Build
Since the investment from Horizon Capital, Agilico has completed 11 add on acquisitions and is now the fastest growing operator in its sector.
News & Insights
Related Infomation
Horizon Capital backed Agilico Closes Tenth acquisition
Leading workplace technology provider Agilico is pleased to announce the acquisition of Capital Document Solutions Limited, its biggest acquisition to-date by revenue, headcount, and machines in the field (MIF). This…
Read More
