{"id":1371,"date":"2017-06-02T00:00:00","date_gmt":"2017-06-02T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/leeds-telecommunications-firm-snapped-acquisitive-group-elitetele-com\/"},"modified":"2025-02-28T14:38:05","modified_gmt":"2025-02-28T14:38:05","slug":"leeds-telecommunications-firm-snapped-acquisitive-group-elitetele-com","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/leeds-telecommunications-firm-snapped-acquisitive-group-elitetele-com\/","title":{"rendered":"Leeds telecoms firm snapped up by acquisitive group"},"content":{"rendered":"<p>A \u00a316m-turnover telecommunication business headquartered in Leeds has been bought by an acquisitive group headed up by a <em>North West Business Insider<\/em> 42 under 42 alumnus, creating a group with sales of \u00a350m.<\/p>\n<p>Elitetele.com, a unified communications provider, has taken over Nexus Telecommunications in its largest deal to date. The acquisition is Elite&#8217;s 15th since 2008.<\/p>\n<p>Nexus will be rebranded under the Elitetele.com name and its 35 staff will remain at the business&#8217; Leeds office.<\/p>\n<p>Matt Newing, Elite&#8217;s founder said: &#8220;Nexus has a great reputation in the industry and is a perfect complement for Elite.<\/p>\n<p>&#8220;We share a similar high-service culture, and we believe the combination of our two companies&#8217; unified comms and IT products and services will deliver the strongest client offering in the industry.&#8221;<\/p>\n<p>Elite will now have revenue in excess of \u00a350m with underlying EBITDA in excess of \u00a38m, representing growth of 37 per cent and 43 per cent over Elite&#8217;s FY7\/16 results.<\/p>\n<p>The group will also have 165 staff across seven locations, with Nexus contributing \u00a316m of revenue.<\/p>\n<p>Rob Sims, chief executive of Nexus Telecommunications, will stay on with the business following the acquisition and joining the group leadership team.<\/p>\n<p>He said: &#8220;Nexus&#8217; culture of service excellence, flexibility and customer choice make us a great fit with Elitetele.com.<\/p>\n<p>&#8220;Our customers will benefit from Elite&#8217;s wide range of services, including hosted IT services, PCI Compliance, SIP services, phone systems and numbering services, which will complement the Nexus offering, giving our customers even better service.&#8221;<\/p>\n<p>Elite&#8217;s internal M&amp;A team and internal legal counsel completed the acquisition. Leveraged finance was provided by the company&#8217;s existing lender, Lloyds Banking Group. Financial due diligence was undertaken by the Manchester office of Mazars, led by Neil Robinson, Jeremy Booth and Hayley Brightmore.<\/p>\n<p>Nexus was represented by Hull law firm Gosschalks led by corporate partner Paul Plaxton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A \u00a316m-turnover telecommunication business headquartered in Leeds has been bought by an acquisitive group headed up by a North West Business Insider 42 under 42 alumnus, creating a group with sales of \u00a350m. Elitetele.com, a unified communications provider, has taken over Nexus Telecommunications in its largest deal to date. The acquisition is Elite&#8217;s 15th since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,32],"tags":[113],"class_list":["post-1371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-sparx","category-telecom","tag-leeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leeds telecoms firm snapped up by acquisitive group - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/leeds-telecommunications-firm-snapped-acquisitive-group-elitetele-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leeds telecoms firm snapped up by acquisitive group - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"A \u00a316m-turnover telecommunication business headquartered in Leeds has been bought by an acquisitive group headed up by a North West Business Insider 42 under 42 alumnus, creating a group with sales of \u00a350m. Elitetele.com, a unified communications provider, has taken over Nexus Telecommunications in its largest deal to date. 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