Cheltenham IT and telecoms business sold to London firm
By Matt Hall | 17th November 2020
BPE Solicitors has acted for the shareholders of Cheltenham-based PSU ICT Limited on its acquisition by London-based FluidOne Limited for an undisclosed amount.
Business technology specialists PSU provide IT managed services, Mitel UC, connectivity, mobile and telecoms services, and say that combining this with FluidOne's ambition to be the top Connected Cloud Solutions provider to UK businesses, makes for perfect alignment.
BPE's Corporate Team advised Nigel Davies and Troy Brooks at PSU on the sale.
Partner Adam Kean led the deal and was supported by associate Angharad Doyle and solicitor Rupert Parker (Corporate), partner Douglas Armstrong and solicitor Kate Gibbons (Property) and senior associate Chris Aldridge (Employment).
Mr Kean said: "PSU is a great example of a business founded in the South West that is rooted in strong customer engagements. We were delighted to be involved in the sale and wish them all the best on their new journey with FluidOne".
Nigel Davies, managing director at PSU said: "The acquisition of PSU is a great opportunity for growth and investment and I am excited to see the business thrive as FluidOne. I greatly appreciated the level of expertise Adam and the team at BPE were able to provide to ensure the sale and acquisition ran smoothly".
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