A provider of networking consultancy and managed services has completed a £10 million management buyout, thanks to investment from NVM Private Equity.

Trust Systems, which operates from its HQ at Cirencester Office Park, has built a loyal customer following in both the retail and transport sectors securing major contracts with many blue chip brands including Aldi, Holland & Barrett, Waterstones and National Express.

Launched in 2007, the company is led by Tom Stone and Mike Dowson who will remain significant shareholders in the business.

Under Tom and Mike's leadership the company has developed partnership accreditations with best in class OEMs such as Cisco, Samsung, IBM, Dell and BT, enabling them to bring innovative and transformational changes to their clients.

Revenues in the business have grown strongly over the last few years with the company demonstrating more than 100 per cent growth to the end of December 2020.

Mike Dowson, director of Trust Systems said: "The board of Trust Systems are delighted to see the completion of the agreement with NVM. Having significantly grown teams and business in the past few years and navigated the incredible challenges brought upon by the pandemic, Trust Systems is now in a fantastic partnership to further increase its market share.

"Trust Systems is fortunate to have a portfolio of loyal clients, many of whom will benefit from this investment as we continue to increase the teams of talented professionals who support them on a daily basis."

David Rolfe led the £10m investment for NVM, with support from James Arrowsmith. Both David and James will join the board.

Mr Rolfe said: "NVM backs great regional businesses led by ambitious management teams and the team at Trust Systems exemplifies the type of people we look to invest in. Mike and Tom have built a strong and rapidly growing business with great potential - we look forward to supporting them as they build even greater market share."

NVM has also appointed Ben Marnham as chair. He brings a wealth of experience in the sector having previously led and co-invested in the £50 million MBO of managed service provider Timico in 2017, where he also served as CEO for two years.

He said: "I am delighted to be joining Tom, Mike and NVM at this exciting moment for the Trust Systems team. A strong growth profile and impressive technical expertise has created a solid foundation, and I am looking forward to working together to deliver accelerated growth."

The investment is the eighth from NVM's Private Equity Vintage III LP Fund and follows the announcement earlier this week of an £18 million MBO of Pareto Facilities Management.