Sector: IT / Telecoms

Deal Type: Acquisition

Deal Value: £undisclosed

Website: www.trams.co.uk

We are delighted to have completed this acquisition, which will allow us to focus on the business and drive it forward. An excellent job has been done in facilitating this change of ownership, and the future promises to be very exciting. Having ongoing financial advice from Kingswood will allow us to grow the business with a positive focus and direction over the years ahead.

Warren Peel, Managing Director
Trams Limited

Our Involvement

  • Advised the Directors on the acquisition of Rapid Group
  • Raised additional equity finance to facilitate business development
  • Provided on-going support and business advice

Overview

The Directors of Trams Limited are pleased to announce the acquisition of Rapid Group Ltd. The acquisition will expand Trams’ technical services division, making it one of the largest of its kind in the UK with an extremely diverse list of capabilities.

Background Information

The division provides everything from additional product specialisations, facilities management, contractual support, server install, infrastructure specifying, cross-platform Active Directory implementation, to very fast ad-hoc and break fix repairs.

Three of the current Rapid Directors will be joining the Trams senior management team. Chris McGregor, Mike Saunders and Paul Hopkins will bring their experience and skills to the newly-emlarged company. Patrick Gleeson will stay for a six month handover period before moving on to new horizons.