Abbey Telecom completes MBO
The company provides business telephone systems and services including calls, broadband, wi-fi, hosted telephony, IT support and business mobiles to clients throughout the UK ranging from small businesses to multinationals.
The deal, backed by Mercia Fund Managers, secures the jobs of all 17 staff.Andy Wilson, who becomes managing director, joined the business four years ago to help to drive its growth. He has extensive experience within the telecoms and software sectors, having held senior roles at BT and at Ryder Systems in Blackburn, which he helped to grow from a small firm to an international business and which was sold to a US corporation.
Andrew Botham, who joins the board as a non-executive director, is a chartered certified accountant and entrepreneur who was previously the principal in Mayes Accountants in Accrington.Peter Rooney, investment manager at Mercia, said: “Abbey Telecom is an established Lancashire business which has been growing year on year.
"Andy and Andrew both have a strong track record in their fields and with their industry knowledge and business acumen, they are ideally placed to take it from strength to strength. “