One Equity Partners (“OEP”), a middle market private equity firm, announced that it has signed a definitive agreement, subject to certain consents, to acquire Trustmarque (“the Company”), a leading provider of IT solutions and services including software and hardware re-sale, from corporate parent Capita plc .
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Headquartered in London, Trustmarque is a specialized hardware and software reseller and provider of managed services in the UK. The Company works with an extensive network of more than 900 partners to find the most relevant and cost-efficient solutions for UK public sector, healthcare and enterprise customers. Trustmarque is one of the most highly accredited partners in the UK to a wide range of leading vendors including Microsoft, Cisco, Dell, Forcepoint, McAfee, Proofpoint, and Sophos.
“Trustmarque is well-positioned to benefit from the growth in cloud-based software sales and the ongoing digitization of the public sector,” said Andrew Dunn, Managing Director at OEP. “We are proud to partner with Ben Richardson as CEO and the entire Trustmarque team, and we look forward to leveraging our experience from past investments in IT services businesses to strengthen the Company’s capabilities in order to offer customers a wider range of value-added services.”
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According to Gartner, the overall UK IT market is expected to grow by 7 percent annually from 2020 to 2025 with higher growth in the government, healthcare, and software sub-sectors due to broad market trends such as cloudification, digital workspace and a growing IoT device landscape.
“We are excited to be partnering with OEP to start the next step in Trustmarque’s journey,” said Ben Richardson, CEO of Trustmarque. “Tapping into OEP’s deep experience with IT service investments and other Microsoft and Cisco vendor-centric companies will position us to provide our vendor partners with access to a broader platform of customers and service capabilities than ever before.”
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