DTE Corporate Finance facilitates sale of Titan Network Services to Intec Technology
26th November 2019, 10:52 am
DTE Corporate Finance acted as lead advisor to the shareholders of Titan Network Services Ltd, a central Manchester based managed IT services company, in its sale to inTec Business Solutions Limited, an IT business applications and IT support solutions expert based in Altrincham, Greater Manchester.
The transaction value is an undisclosed seven-figure sum.
Titan Network Services specialises in delivering complete IT Solutions to businesses in the city centre as well as the surrounding locations. The company has over 20 years of experience in Manchester’s IT industry and has supported businesses in a wide range of sectors from engineering to legal services. Founded in 2016, inTec is a provider of technology-related consultancy services and solutions to its B2B clients, which include start-ups, fast-growth businesses as well as established corporate organisations.
Following the sale, Titan Network Services founder Mick Satiar will remain with Titan as a director. Commenting on the deal, Mick said: “Titan has over the last 12 years built an impressive reputation and together with fellow director, Garry Grimshaw, we have built a client list that we’re very proud of. It is important that our new owner shares our ethos and commitment to excellent customer service and I’m confident that inTec is the perfect business to take Titan forward.
It is an exciting time for Titan and our customers and employees. InTec is an excellent company and we are very pleased to do the deal.”
Simon Howitt, Chairman of inTec said: “This is a great move for us. We have been impressed with how Titan have grown and developed their business since inception. They have some terrific clients and we are looking forward to working with Mick and his team.”
Matt Beckley, Partner at DTE Corporate Finance commented: “We are delighted to have sourced and advised the shareholders on this successful transaction. Titan will make an excellent strategic and cultural fit. I can only see the combined businesses flourishing.”
As well as the DTE Corporate Finance team comprising Matt Beckley, Lewis Pearson and Luke Seymour, the vendors were assisted by Victoria Zivkovic and Gregory Mazgajczyk of Irwin Mitchell Solicitors, while Squire Patton Boggs advised the buyers.