By Lee Perry
Shoosmiths has advised on the sale of specialist IT-provider Taylor Made Computer Solutions (TMCS) to Peach Technologies, creating one of the UK’s biggest IT managed providers as a result.
Hampshire based TMCS and Peach Technologies will combine their circa 200 employees, 1,000-strong customer base and £20m sales.
Together, they will provide an enhanced product portfolio while offering a single point of contact for IT, telephony and communication services.
TMCS co-founder Nigel Taylor will remain as a consultant to the new board. Peach founder Darren Scott-Healey will remain as CEO for the combined company.
Shoosmiths corporate partner Stephen Porter led on the deal, with support from Emma Livesey and Georgia Rowe.
Stephen said: “Shoosmiths have acted for TMCS for many years and we were delighted to help Nigel, Aly and their team realise something that they have been working towards for several years. This is a fantastic opportunity both for TMCS and Peach Technologies and I wish both organisations well for the future”
TMCS’s finance director Joe Jeffers, who has now taken on the role of Group CFO, said: “It was a pleasure working with Steve and his team on this transaction. They provided us with first class legal advice with the added benefit of being highly commercial and pro-active in all aspects of the process. This was true from the initial due diligence information gathering all the way to those last minute completion moments. The TMCS team are delighted with the result.”
