Livingbridge-backed aggregator FluidOne has snapped up Cheltenham-based ICT service provider PSU Business Technology.
The deal is FluidOne's first under the leadership of CEO Russell Horton (pictured) as the firm seeks to scale up over the next four years.
PSU was established 30 years ago, has 38 staff, over 450 customers and generates circa £6m revenue.
PSU owner and MD Nigel Davies will stay with the business as Technical Director for IT Services as FluidOne positions the company as its 'centre of expertise'.
“Our strategy is to acquire quality businesses with skills in IT services, UC and advanced security, and combine these with connectivity to help customers create multi-cloud and multi-connected environments," stated Horton.
"Having known Nigel for nine years, I approached him late last year to discuss the opportunity because, knowing PSU, I felt it would be a strong addition to our portfolio with complementary services.
"I will be working with Nigel and the PSU team to invest in and grow as our centre of expertise for IT services and UC, cross-selling into the FluidOne customer base.”
Davies added: “When Russell approached me about the potential of acquiring PSU, it was clear that this partnership would be a real boost for PSU, providing greater opportunity for growth, investment and career development than we would have had alone."