IT outsourcing specialist eLINIA taken over in £13m deal

Cardiff-based eLINIA, one of the fastest growing IT infrastructure outsourcing specialists in the UK, has been acquired in a £13m deal by Adapt.


The business was founded in 2004 and delivers secure infrastructure services to clients across a range of industries.


Adapt’s acquisition is the first in a planned series of deals which will drive its medium-term growth strategy.


The combined annual turnover of the enlarged business will exceed £50m. The deal also provides Adapt with access to data centre facilities in Cardiff, Newport and Slough.


Chief executive of eLINIA John Jones said: “This is an exciting move for us, from both an employee and customer perspective. Adapt is a perfect fit for eLINIA and provides a fantastic platform for us to continue to do what we are best at – but on a far larger scale.


“Our customers trust us to deliver deep technical expertise, continuous innovation, outstanding customer service and security – we know that Adapt will only add value to these long-term relationships.”


Chief executive of Adapt Stewart Smythe said: “We are delighted to be joining forces with eLINIA.


“Our ongoing strategy is clearly focused on becoming the UK’s go-to provider of pure play managed IT services – this acquisition will give us the scale, strength and breadth of offering to accelerate this journey.”


Cardiff-based Gambit Corporate Finance acted for the shareholders of eLINIA on the deal. A number of potential bidders for the business were identified.


As well as Mr Jones, other shareholders in the business included Stephen Jones, Paul Guy and Paul Twamley.


Adapt received £30m in funding from independent private investment house Lyceum Capital Partners.

Share on:

Subscribe to receive our latest sector bulletins, thought leadership articles, deal completion reports and newsletters.

Read another insight

The award-winning advisory firm has expanded its leadership team with the appointment of Rob Wallace as Partner. Gambit Corporate Finance...
Gambit Corporate Finance has acted as lead financial advisor to The London Mint Office Limited, in securing a new customer...
Award-winning advisory firm, Gambit Corporate Finance is the UK’s longest established independent corporate finance advisory firm and the exclusive UK...

Search Gambit Corporate Finance