BCN Group acquires Runcorn’s Polymorph
BCN Group has acquired Runcorn-based digital company Polymorph, for an undisclosed sum. The merger is expected to bring BCN revenues of more than £30m per year, with Polymorph’s latest accounts showing a turnover in excess of £4m. Ed Brentnall of Dow Schofield Watts Transaction Services provided financial due diligence for BCN on the deal.
Simon Kelf, the CEO of BCN Group explained that the move would strengthen its cloud services offering:
“The essence of BCN Group’s success is to provide market-leading IT and cloud support to local businesses from a local centre.
“The acquisition of Polymorph is a critical step in our journey as it provides us with a technical development hub to add further complementary services and value to our clients’ infrastructure.
“I have been very impressed by the skills and expertise of the team, and I am incredibly excited about the growth potential we have created to accelerate our business.
“This is a real strategic step for our Group. BCN will now have a wider skill set especially around application development within the Microsoft stack.”
BCN, which has offices in Manchester, Lancashire and Leeds, is backed by private equity firm, Beech Tree.
Following the merger, Polymorph’s team will continue to work from its Runcorn base.
“We are a leader in digital transformation utilising award-winning Microsoft Cloud Solutions. The cultural fit with BCN Group and complimentary service portfolio creates one of the leading providers of IT services in the region,” said Steve Harris, Founder of Polymorph.
“The BCN acquisition provides a huge opportunity for our customers and employees to benefit from such an innovative, agile and customer-centric organisation.”