4Com, the Bournemouth-based provider of business phone systems to UK SMEs, has announced their latest acquisition; the purchase of 128 customers from Meraki Communications Limited. The deal is 4Com’s twelfth in the past eighteen months, with the acquisition drive now adding nearly 6,000 customers in total. Meraki Communications are a Hampshire-based telecoms company, formed in 2020 and they will be continuing to trade after the deal with 4Com.
Gary Scutt, 4Com’s Chief Executive Officer, commented, “We’re pleased to be completing our twelfth acquisition, and I’d like to thank Lloyd and his team at Meraki for helping to complete this deal so quickly and smoothly. We’re also pleased to see our approach paying dividends; this deal was made easier by a recommendation from the owners of our previous acquisition who spoke highly of our process. We continue to strive to be as open and upfront as possible about what we’re looking for and what we’re able to offer, and I’m pleased that we’ve once again had a positive outcome thanks to this approach.”
Lloyd Haimes, Meraki’s Managing Director, added, “We’re pleased to be bringing this deal to a conclusion, and are excited for our future as a company, thanks to the funds it will generate. We’ve appreciated the straightforward approach that 4Com have taken to this deal; everyone has been clear on what was happening throughout, and that’s helped to bring it to a swift conclusion. Being able to talk to contacts in the industry who spoke positively about 4Com’s acquisition process also gave me confidence that the deal would be completed successfully. I’d like to thank the customers we have sold for their custom and wish them the best for the future in the safe hands of 4Com.”
Dean Cartledge, 4Com’s Chief Operating Officer, commented, “Completing 12 acquisitions is an incredible achievement, and one that surpasses what we thought might be achievable 18 months ago. I’d like to thank the teams both here and at Meraki for their hard work and diligence in seeing this deal to completion. We’re looking forward to speaking to the customers we’ve acquired from Meraki shortly, to welcome them to 4Com.”
Haydn Neville, 4Com’s Acquisitions Manager, added, “It has been great to get to know Lloyd and his team at Meraki, and we wish them the best for the future. I’m looking forward to speaking to further telecoms companies about how selling a customer base, or part of it can be a quick, cost-effective way of generating funds for your business, and is an increasingly preferable alternative to finance for many companies. We are more than happy to have informal discussions with any telecoms company looking for more information on their options.”
For more information on 4Com’s acquisitions process, and to request an informal, private conversation, please visit: https://www.4com.co.uk/acquisitions/