Trustack Ltd, the North East-based IT, cyber and incident response specialist, is embarking on the next stage of its scale up ambitions with a new acquisition strategy.
The business, which has its head office in Cramlington and satellite sites in Houghton-le-Spring, County Durham and Manchester, is targeting further growth in the North of England.
It has engaged with RG Corporate Finance to develop and implement the strategy to engage with potential partners along the M62 corridor from Manchester to West and South Yorkshire.
Trustack was formed following a merger of three well-established and well-respected companies in 2019 and provides end-to-end managed IT services. It specialises in various IT solutions and services, with a strong focus on cybersecurity and incident response. Their offerings include a range of managed services designed to enhance the security and efficiency of business IT infrastructure.
Trustack continues to develop market-leading solutions for its clients, which has resulted in strong growth since its inception. The business is continuing to invest in, and scale its operations, and now employs 55 people. It achieved turnover of £10m in its most recent financial year ending 2023.
Trustack has built a robust client portfolio of companies and organisations across the UK, including Beyond Housing, which provides affordable housing for more than 30,000 tenants, and the Collingwood Business Solutions as well as a collection of professional services firms.
As part of the acquisition strategy, RGCF is undertaking a market analysis programme and strategic review, which is led by Corporate Finance Partner Nick Johnson, supported by Corporate Finance Senior Manager Connor McBride and Corporate Finance Executive Ben Kain.
Paul Watson, Managing Director of Trustack Ltd, said: “We have delivered consistently strong organic growth since we formed the business as a result of the merger in 2019, and now we are targeting the next stage of our scale up programme through acquisition.
“Having established an office in Manchester we are keen to expand our presence in the North West region as well as looking along the M62 corridor into Yorkshire to work with complimentary businesses that can become part of our growth journey and support a comprehensive and growing premium client portfolio.”
Nick Johnson, Corporate Finance Partner at RGCF, said: “Trustack Limited is a very agile and dynamic business, with a great management team and ambitious growth plans. It has established a strong presence in Northern England and is now well positioned to look at strategic acquisitions with companies that have similar capabilities to support large organisations of up to 500 employees with IT and cybersecurity managed services.”