Muckle supports LDC-backed Aspire with new acquisition
We are delighted to have supported LDC-backed Aspire Technology Solutions in its acquisition of managed service provider CloudCoCo Limited from CloudCoCo Group plc.
The deal, part of Aspire’s plans to expand its UK presence, builds on its successful acquisition of Cloud Cover IT in January and will enable it to provide more tailored, responsive services that address the evolving needs of businesses across sectors.
The acquisition will bring more than £10m in additional revenue and about 300 new customers for Gateshead-headquartered Aspire, setting the stage for growth.
Greater impact
Chris Fraser, Aspire's chief executive and founder, said: "While CloudCoCo has undergone a period of structural transition, what truly stood out to us was its strong relationships with its high-quality customer base and the expertise within its team. These strengths align perfectly with our commitment to delivering technology like no other.
"This acquisition not only broadens our reach but also enhances our ability to offer responsive, innovative solutions that meet the evolving needs of our clients. The CloudCoCo team will be an important part of Aspire's next chapter, and together, we're ready to make an even greater impact across key UK regions."
Darren Weston, group operations director at CloudCoCo Limited, added: "Joining Aspire represents an exciting new phase for CloudCoCo. We look forward to working closely with Chris and the team to expand our reach, deliver added value, and provide a wider range of innovative solutions. Aspire's commitment to excellence aligns well with our own, it’s a powerful collaboration with a trusted UK technology provider that shares our values and goals."
Innovative legal support
Corporate partner Philip Clare, corporate solicitor Ben Evans, and banking solicitor Georgia Sproat provided legal support to Aspire.
Ben said: “We’re excited to be working with Aspire on its growth strategy. Chris, Tom and the team have exciting plans and this acquisition forms a key part of that.”
For help and advice, please contact Ben Evans on 0191 211 7939 or email [email protected]