Sector: IT Services
Investment date: May 2015
Exit date: June 2016
Transaction type: Acquisition Financing
Ownership: Founder Owned
IT Lab is a leading provider of managed IT and cloud services to small and mid-sized UK businesses.
Owned by its founding entrepreneur, IT Lab has grown rapidly through a combination of strong organic growth as well as the successful integration of several bolt-on acquisitions. FACS invested to support the acquisition of JMC, a similar Manchester-based business focused on professional and cloud services.