Private equity firm Strive Capital has acquired UK systems integrator Jigsaw24, bringing it together with IT solutions provider Academia Group to create what it describes as “one of the UK’s leading independent technology solutions groups with combined annual revenues of £350 million”.
According to the company, the acquisition builds on Academia Group’s previous investment in Smartdesc and its experience of integrating complementary technology businesses.
Academia and Jigsaw24 will initially continue operating as separate legal entities, maintaining their existing teams, customer relationships and strategic technology partnerships.
Speaking about the deal, Andrew Harman, owner of Strive Capital, said: “Bringing Jigsaw24 alongside Academia represents a major milestone in our growth strategy, creating a business with genuine scale, breadth and technical expertise.”
David Dudman, CEO of Jigsaw24, added: “This is an exciting new chapter for Jigsaw24 and a significant opportunity for our people, customers and partners.
“Joining a Group of this scale allows us to build on our specialist expertise and strong customer relationships while expanding the services and solutions we can offer. We look forward to playing an important role in the Group’s next phase of growth.”
