Martin Flick, Onecom Group CEO, said: “As we continue to grow, supported by LDC, we are delighted to welcome the Solution IP team and customers to Onecom in a move that further supports our mission to build on and extend our geographic presence and customer reach by acquiring strong businesses that share our culture, values and ethos. In addition, Solution IP has demonstrable strength in serving both Enterprise and SME customers with leading communication solutions and their established customer base is a perfect fit.”
“UK PLC is leaning into uncertain times with rising costs, political and economic uncertainty domestically and abroad and the post pandemic after-effects, with many organisations wrestling with technology decisions and productivity dilemma’s with different working patterns widespread across many sectors. Onecom’s proposition is designed to help our customers navigate the challenges these conditions create by delivering cost efficiency, geographic flexibility and high staff productivity, and the acquisition of the highly experienced Solution IP business further enhances that proposition and our reach.”
“We are delighted to welcome Solution IP’s fantastic team who share our commitment to providing exceptional products, services and simply brilliant customer experiences to UK businesses of all sizes, into the Onecom Group.”
Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom employs over 600 people in offices around the UK and counts Vodafone, Mitel, Samsung, Apple, Microsoft, Gamma and Five9 among others as its strategic partners.
Onecom is backed by mid-market private equity firm LDC which is fuelling the Hampshire-based business’s ambitious growth strategy.
Patrick Lincoln, Founder of Solution IP, said “We are really excited about becoming part of the Onecom Group and the benefits it will provide to our customers and people. Having a shared vision of using our vast experience and expertise to deliver exceptional outcomes for our clients was very important to us. The success of Solution IP is a credit to the whole team’s positive attitude and hard work. I very much look forward to seeing the team continuing to excel as part of the larger group .”
Onecom was advised by Shoosmiths and HTM transaction support while Solution IP Communications Ltd was advised by Steele Raymond LLP Solicitors.
Note to Editors:
About Onecom
Onecom is the UK’s leading business telecoms and cloud communications provider, operating from regional offices across the UK. The company currently manages nearly 100,000 business customers, delivering communication services and unified solutions across fixed line voice, connectivity and managed cloud to some of the UK’s most dynamic companies. Its customers include Farrow & Ball, Thwaites, Celtic Manor, Laithwaite’s Wine, Yorkshire Building Society and 118 UK Ltd.
In 2019, it secured a funding package from mid-market private equity firm LDC and funds managed by Ares Management Corporation to help support organic and acquisitive growth.
Recent awards include the ‘Best Customer Service Award’ at the Mobile News Awards; ‘Best Unified Comms Dealer’ at the Mobile Industry Awards, and it has been named Vodafone Total Communications Partner of the Year for the last five years.
Onecom has its headquarters in Whiteley, Hampshire, and offices in Brighton, Shoeburyness, Glasgow, Leeds, Telford, Gateshead and Cardiff.
www.onecom.co.uk
About LDC
1. LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.
2. LDC has committed to invest £1.2bn in UK mid-market businesses over the next three years.
3. LDC has a portfolio of 90 businesses across the UK, across a broad range of sectors including Support Services, Financial Services, Healthcare, Industrials, TMT, Travel & Leisure, Construction & Property and Retail & Consumer..
4. LDC has a nationwide network of regional offices to provide a local presence to the businesses and communities it supports.
5. For further information, visit www.ldc.co.uk/news