Air IT makes another double swoop

Air IT has announced its second double acquisition in the matter of weeks after securing deals for firms in Oxford and Coventry.

The managed IT service provider, which has offices at Connect Derby’s Friar Gate Studios, in Ford Street, has bought Oxford-based IT managed service provider Riverbank IT Management and Coventry-based Nexus GS for undisclosed sums.

View fullsize

Just over a month ago, Air IT announced it was doubling the size of the business after securing deals for London-based IT managed service provider Netstar UK and Birmingham-based MSP Microtrading.

Recently backed by August Equity Partners LLP, Air IT is now making significant strides towards its goal of becoming the UK’s largest SME-focused cloud-managed services provider.

The addition of Riverbank and Nexus increases its overall headcount to 175 and adds further geographical locations from which to serve Air IT’s growing base of more than 1,000 clients.

Chief executive John Whitty said: “Following the recent acquisitions of Netstar and Microtrading, we are very excited to be able to welcome the Riverbank and Nexus GS teams to the Air IT family.

“Both businesses bring significant value to the table and will be integral in helping us realise our plans to grow and cement our position as the outsourced IT services partner of choice to the SME community in the UK.

“Both are highly accredited and mature MSPs and will be a great fit for the Air IT group with very similar values, culture and passion for helping clients become more successful, efficient and secure through the adoption of performance enhancing technology.”