Panoramic Growth Equity (“Panoramic”), the leading equity investor in fast-growing, entrepreneurial companies, today announced that it has supported its portfolio company, CMI, in its acquisition of Brookland Computer Services.
The acquisition of Brookland takes CMI to a turnover in excess of £13m with staff of 100, in four sites across the UK – Belfast, London, Cheam and Reading.
This latest acquisition provides CMI with complimentary skills to further develop its digital transformation capabilities and further cements its commitment to the IT sector and clients it serves.
Brookland has operated for 25 years in the UK and offers a range of hosting services, utilising its own Data Centre capability combined with extensive use of the Microsoft Azure platform. In addition, it provides the full range of IT connectivity and support services. The company has 20 employees and a customer base of 150, including clients from financial, manufacturing, and professional services sectors amongst others.
David Atkinson, Senior Investment Manager at Panoramic: “We are delighted to continue to support CMI with its latest acquisition as part of managements buy-and-build strategy”.
Ken Roulston, Managing Director of CMI, spoke about the significance of the move: “The acquisition of Brookland will create an even stronger IT service provider to meet the needs of business in the post pandemic world. We take great pride in providing our clients with the best advice, so that they get the most from their IT investment”.
The acquisition of Brookland comes on the back of CMI being recognised as one of the “most elite, innovative and strategic IT service providers globally” by the Channel Futures MSP 501 programme.