Horsforth-based Jungle IT has acquired the IT operations of the managed services business of accountancy firm Mazars in Leeds for an undisclosed sum. The deal, which was supported by a team of Yorkshire professional advisers, sees all three members of the Mazars IT team transfer to Jungle IT.
Founded in 2004 by Jonathan Asquith, £6m turnover Jungle IT has grown from a supplier of hardware and software to offer complete, managed computer services. The 22-strong team is supported by experienced entrepreneur and business development adviser, Jon Crabtree, in the role of chairman.
The acquisition of Mazars’ client-facing IT services business, led by David Blythe, will enable Jungle IT to strengthen its managed IT services offering whilst also seamlessly continuing to provide IT support to Mazars’ clients.
The acquisition, which completed on 1 July, was supported by a team of Yorkshire advisers which included Hitesh Tailor of Clarion in Leeds who provided legal advice to Jungle IT.
Commenting on the deal, Jonathan Asquith, managing director, said: “The former Mazars’ IT services operation is a great fit for us and it will very much be ‘business as usual’ for existing clients. The acquisition will also enable us to harness the skills of this experienced team to rapidly expand our managed services offering to SMEs throughout the region and support their digital transformation.
“It is the first of a number of acquisitions we plan to make as we build up our services to offer a complete portfolio of managed IT services to Jungle clients.”
Oliver Hoffman, managing partner at Mazars in Leeds, commented: “Having provided our computer hardware needs for over ten years, we have a strong relationship with Jungle IT and were confident that they would be able to offer the same high standards of service to our clients as well as enabling our established IT team to continue to work together.”
Hitesh Tailor of Clarion added: “As Jungle IT celebrates its fifteenth anniversary, the business is embarking on the next phase of its growth and this acquisition marks a further step in its ambitious expansion plans. With such an experienced team at the helm, the business has a bright future ahead.”
