Elite Group snaps up Wrexham VAR MWL Systems

Serial acquirer Elite's 17th deal since 2008 sees Wrexham-based IT support business MWL Systems join the Group.

The acquisition adds 40 technicians to Elite’s IT Services division which has experienced strong growth in the services sector during the past two years. 

“As we look to expand our IT Services offering and more of our customers are using us for both their communications and IT requirements, strengthening our knowledge base, skills and expertise is essential," stated CEO Rob Sims. 
Elite Group founder Matt Newing (pictured) added: “Elite will continue to grow through both organic means and acquisition. We have a further £20m in our acquisition war chest and are looking for opportunities.”

Elite's Commercial Director Alex Cliffe and Group CFO Rob Burbidge led the acquisition. Leveraged finance was provided by the company’s existing lender Lloyds Banking Group.

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