TTG infrastructure management team acquires 100% of business
Team Telecom Group (TTG), an international communications organisation, has completed its management buy-out (MBO).
Prior to the MBO, TTG was already partially owned by the existing management team, who have now bought the remaining stake.
The buy-out team is comprised of chairman Peter Burridge, Group CEO Mike Norfield, chief commercial officer Phil Williams, executive director Ian Carr and executive director Andy Woodhall.
“We’re delighted to have completed the transaction and pay testament to the professionalism and tenacity conveyed by Darren and his team throughout, who ensured the smooth transition of ownership.”
“We are committed to growing the business further and cementing our position within the industries we serve," said Peter Burridge, chairman of TTG.
The deal team led by Darren Hodson partner at Smith Cooper Corporate Finance (SCCF), the UK-based independent accountancy and business advisory firm, was appointed by the management team to structure and manage the transaction. Legal advice was provided by Mills and Reeve.
“The business has been decisively managed by the existing management team, becoming one of the UK’s leading designer, supplier and operator of critical communication infrastructure. This was a fantastic opportunity for the management team to conduct a complete buy-out, and secure complete ownership,” said Hodson.
“The team’s extensive domain knowledge will no doubt ensure TTG continue to lead the way in the communications sector but will also provide them with the opportunity to tap in to new and emerging markets as the global communications market develops. I wish the team the very best.”
TTG is a global firm working for for national governments and major transportation organisations to deliver mission-critical communications products and services. The group operates across multiple sectors, including emergency services, utilities providers, public service operators and airports.