ITC Service secures a significant £7 million investment from BGF.
- The company, founded in 2016, serves over 400 SMEs across the North East.
- Investment aims to drive growth through strategic acquisitions and organic development.
- Co-founder expresses enthusiasm for regional support and expansion.
- BGF highlights ITC’s success and its potential for regional market growth.
ITC Service, a managed IT service provider located in North East England, has secured a substantial £7 million investment from BGF, a prominent growth capital investor in the UK and Ireland. This financial support is intended to stimulate the company’s growth through a strategic blend of organic development and the acquisition of similar service providers in neighbouring regions.
Established in 2016 by Christopher Potts and Peter Anderson, ITC Service has built a robust reputation by delivering essential and reliable outsourced IT services to over 400 small and medium-sized enterprises in the North East. These services include managed IT support, cyber security, Microsoft 365 cloud solutions, voice communications, consulting, and digital transformation.
Co-founder Christopher Potts highlighted the company’s developmental journey over 18 years, noting the importance of a solid investment partner. He stated, “With the ongoing support of my co-founder Peter, I am excited to lead ITC forward, to continue to grow and support our region, to help more local businesses achieve their goals and complete a carefully executed M&A strategy.”
The investment from BGF is seen as a long-term commitment, essential to fulfilling ITC Service’s growth aspirations. Potts emphasised the significance of having a partner like BGF, citing their exceptional track record in supporting thriving businesses in the North East.
BGF Investor John Healey remarked on ITC’s achievements, stating, “ITC is a real success story in the North East, where it has a long-established track record of delivering exceptional client outcomes.” He noted the company’s readiness to further expand its market presence through its comprehensive service offerings and client-centric approach.
BGF’s £7 million investment primes ITC Service for strategic expansion and enhanced regional service delivery.
