In a recent development, IT solutions consultancy InTec has acquired Titan Network Services for an undisclosed amount. DTE Corporate Finance acted as a sell-side consultant and advised Titan’s shareholders throughout the deal-making process.
The deal is in line with the British government’s policies that pushed for bigger investments in the economically depressed North Western region of England.
Speaking about its role in the deal on behalf of Titan, a partner at DTE named Matt Beckley said,
“We are delighted to have sourced and advised the shareholders on this successful transaction. Titan will make an excellent strategic and cultural fit. I can only see the combined businesses flourishing.”
The team from DTE helped Titan shareholders throughout the process, comprised of Lewis Pearson, Matt Beckley, and Luke Seymour.
Titan is a Manchester-based IT firm provided its services to businesses in the area for more than two decades. The business has grown rapidly, and due to its presence in the growing tech sector in Manchester, Titan proved to be an attractive proposition for InTec. Mick Satiar, Titan’s founder, said,
“I’m confident that InTec is the perfect business to take Titan forward. It is an exciting time for Titan and our customers and employees.”
Additionally, Irwin Mitchell Solicitors team made up of Victoria Zivkovic, and Gregory Mazgajczyk advised Titan in the process as well. Squire Patton Boggs advised InTec. DTE has been quite active in deal-making in 2019. Earlier in the year, it had been roped in to conduct due diligence on behalf of Maven Capital Partners after the latter invested in Relative Insight.