Status:

Current

Commitment:

£30m

Date of investment:

2018

Sector:

Business Services

Buy & Build:

7 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 seven add on acquisitions and is now the fastest growing operator in its sector.

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