Gambit advises on sale of Blue Sky Digital to Aurora Managed Services

Blue Sky Digital, a leading Managed Print Solutions provider has been sold to Aurora Managed Services.

Founded in 2011 by brothers Ian and Neil Brewer, Blue Sky Digital grown to become one of the leading Managed Print Solution providers in South Wales and beyond. Its remarkable organic growth has been driven by a passion for delivering high-quality services which has been repaid by the trust and loyalty of its customers. Blue Sky Digital’s focus on excellence has seen it become a trusted partner across many SME businesses and in the education and local government sectors.

Aurora Managed Services is one of the UK’s largest independent Managed Print Solutions providers with customer centric values and a commitment to excellence. Whilst providing scale at a national level, service is focused locally, close to customers. The combination of Aurora and Blue Sky Digital will enhance both businesses and, importantly, benefit new and existing customers.

Andy Moffitt, Aurora’s CEO, commented:

“We are delighted and extremely proud to add Blue Sky Digital to Aurora. The acquisition brings scale and further geographical presence in line with our M&A strategy and a marriage of very similar cultures. Ian and Neil have built a fantastic business with a great brand that we intend to maintain. We are also delighted that Ian and Neil will remain with the business to continue their excellent work as we jointly build on Blue Sky Digital’s impressive track record and bring more solutions and innovation to customers”

Ian Brewer, Managing Director of Blue Sky Digital, added:

“We are really excited to become part of the Aurora Managed Services Group and are looking forward to continuing to help grow our presence within Wales and the South West.  Having met with the Aurora board members and senior management I feel certain this is the right choice for us at Blue Sky as we benefit from the extra services we can pass on to our loyal customer base.  We feel energised and enthused for the future as we become part of the Aurora family. To our existing customers we look forward to continuing to provide the same levels of proactive service with the same team members at your disposal”

Gambit Corporate Finance acted as lead advisor to the shareholders of Blue Sky Digital on negotiating, structuring and project managing the transaction to completion. The Gambit team was led by its Software & IT Services (SITS) sector team comprising Geraint Rowe (Partner), Sam Forman (Director), Harrie Thorrington (Executive) and Sean David (Analyst).

Sam Forman, Director, commented:

“We are delighted to have acted for the shareholders of Blue Sky Digital on this transaction which further evidences Gambit’s strong credentials in the Software & IT Services sector and supports our position as one of the UK’s leading advisers in the space.”

“Ian, Neil and the Blue Sky team have built a market leading business, one of the key providers of Managed Print Solutions in South Wales and surrounding areas, that is focussed on delivering best-in-class solutions for its customers and partners. There are significant mutual synergies for both businesses to benefit from across the UK.”

“This transaction is a great example of the level of M&A activity and consolidation in the Managed Print Solutions sector and wider Software & IT Services market. Despite rises in the cost of capital, high-quality SITS assets, providing innovative solutions to enhance efficiency, competitiveness and market share across various verticals, remain appealing to both strategic and financial acquirors. We expect M&A activity to remain buoyant throughout 2024, with an improvement in valuations as inflation softens and interest rates plateau and start to retreat.”

“SITS business owners should leverage the current ‘window of opportunity’ whilst the tax environment remains favourable, as Capital Gains Tax rules are likely to be revised following the anticipated General Election in the second half of 2024.”

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