Private Equity | Corporate | Financial Services Sector
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Alongside August Equity and Grant Thornton, Foot Anstey supported on all legal aspects of the deals, assisting Air IT on the acquisitions of Reading-based MFG UK and Uttoxeter-based Infinity IT Solutions.
MFG UK is a managed IT, cyber security and communications specialist supporting team in the Thames Valley region, while managed IT specialist Infinity IT Solutions provides clients with IT support and maintenance.
Air IT's headcount now stands at 270 and the move will help expand the product range of both companies with Air IT's portfolio of IT support, communications, cyber security and business intelligence services. The deals for MFG and Infinity follow a number of previous acquisitions by Air IT in the last year, each supported by Foot Anstey, of Microtrading, Riverbank, Nexus GS, Concise Technologies and InfoTech.
Adam McKenna and Jack Harris at Foot Anstey led the legal advice to Air IT, helping bolster the company's offering through these acquisitions.
When asked about the acquisitions Adam McKenna at Foot Anstey said: "Air IT has a proven track record of successfully acquiring other managed service providers and IT companies and complementing their offerings with Air IT's own know-how. Our advisers worked hand-in-hand with Air IT and its partners to deliver the desired outcome. We're incredibly proud to have worked with Air IT on these acquisitions, and to have stepped into the strategic adviser role in assisting Air IT in implementing its growth strategy through successful bolt on acquisitions."