Charles Russell Speechlys advises IT Lab on the acquisition of Mirus IT
Charles Russell Speechlys has advised long standing client, IT Lab, one of the UK’s largest and fastest growing technology services and solutions provider, on the acquisition of Milton Keynes based managed services provider Mirus IT. This transaction follows IT Lab’s ECI-backed acquisitions of Perspective Risk in 2017 and Content and Code in September 2018 (on which we also advised, read more here), enabling it to provide a wider portfolio of services to an expanded client base and further solidifying IT Lab as one of the UK’s leading technology services and solutions providers and seeing the business’ combined turnover head towards £75m.
CEO of IT Lab Peter Sweetbaum said: “We are delighted to welcome Mirus as part of the IT Lab group. Mirus is a company which we have admired and grown alongside in the managed services space for many years now. Mirus has a 17-year history of excellence in client service as evidenced by its growth over this period and trust among not only its clients, but the marketplace generally. We share a common focus on ensuring clients not only have excellent service, but also access to the optimal technology solutions to enable their clients to succeed. In this we have a shared view of not only the power of the Microsoft portfolio, but also the incredible speed at which it is evolving. Many thanks to Mark and the Charles Russell Speechlys team, whose invaluable and commercially-focussed advice was mission critical to successfully completing the deal.”
Joint Head of TMT and Corporate Partner at Charles Russell Speechlys, Mark Howard commented: “We were delighted to work with Peter and the IT Lab team again on this transaction. This is the fourth acquisition on which we have advised them, and it is fantastic to see the company going from strength to strength.”
The Charles Russell Speechlys team, led by Corporate Partner Mark Howard, also comprised Corporate Senior Associate Tom Smitham, Corporate Associates Ashwin Pillay and Kunal Shah, as well as a number of specialists from across the firm’s Business Services division.
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