Wilsons advises on sale of M9 to the Acora Group
Wilsons' Corporate team has advised the shareholders of M9, a leading managed IT services provider, on its sale to managed solutions and services provider the Acora Group as part of its buy-and-build strategy.
Founded in 1990, M9 now looks after almost 100 customers. The strategic acquisition will allows M9's customers to access a broader range of solutions and services and the Acora Group, backed by private equity firm Palatine, to strengthen its IT services offering.
The cross firm Wilsons team was led by Corporate partner Mark Cook, with support from specialists from across the firm's Corporate, Employment and Corporate Tax teams.
Grant Ingram, CEO of M9, says: "We are very grateful to Mark and the Wilsons team for playing an integral role in helping us secure a new home for M9 with Acora and providing great support to the shareholders throughout the process. They were commercial and responsive, helping us to complete the deal in the planned timeframe."
Mark comments: "We are delighted to have advised the shareholders of M9 on the transaction and have no doubt that the Acora Group will provide the M9 business with the perfect platform to support further growth."