SDM Corporate Finance Group accompanies IT Provider in the search for a partner.
In July 2020, owner Bart Verhelst strengthened his company IT Provider with a Smart Deal, where in addition to Bart, his right-hand man Matthias Van Snick and a group of investor-entrepreneurs came on board as shareholders. Since then, the company, supported by SDM Corporate Finance Group, went through an intense buy & build process, acquiring Lovatech in 2021 and DVIT in 2023. This resulted in the doubling of operating profit over a 3-year period.
IT Provider is now ready for the next step in its development in the highly consolidating managed IT services market. Through its integration into AXI Digital, the group intends to accelerate its further buy & build ambitions. On November 30, the transaction was finalized, in which, in addition to Bart Verhelst and Matthias Van Snick, Arnaud Goubau and David Van Impe will also become shareholders of the new group.
This transaction is a textbook example of a successful Smart Deal, in which the entrepreneur was able to balance his assets in an initial transaction and then, supported by the entry of key employees and investors and the expertise of SDM Corporate Finance Group, continue to build his company. Finally, tailored to the ambitions of the company and the entrepreneur, a partner was sought and found for the next step in the proposed growth trajectory.
SDM Corporate Finance Group supervised the transaction from A to Z, whereby the shareholders of IT Provider were completely relieved.
