Telecoms firms join forces as B4B snaps up Quadrant
Two firms in Northern Ireland's independent telecommunications sector have joined forces.
B4B Telecoms in Belfast paid an undisclosed sum for Quadrant Power Comm in Lisburn.
Quadrant, which has been in business for nine years, is a specialist firm offering system sales and maintenance to the small to medium-sized enterprise (SME) and public sector markets.
B4B managing director Dominic Kearns said: "In line with our growth aspirations, the acquisition of Quadrant allows us to add an experienced company and team with a proven track record of operational excellence and skill."
He added: "Growth by acquisition is very much part of our overall growth strategy, as we see the added value other companies and clients can receive by accessing our in-house product range, support and expertise."
A spokeswoman said B4B, which was founded in 2010 and is based in north Belfast, was growing in stature in telecoms. It operates in the UK and Ireland with services including voice communications, cloud applications, multi-site management and broadband and data connections.
It's the third major corporate transaction in Northern Ireland during January, and follows a six-figure shareholder buy-out at Keys Commercial Finance last week. The funder has now been rebranded as Upstream Working Capital under the leadership of majority shareholder Judith Totten.
And financial software plc First Derivatives in Newry announced it had acquired consultancy firm QuantumKDB (UK) Limited for £2.2m and Chicago insurance giant Ryan Direct Group (RDG) paid an undisclosed sum for Midas Underwriting in Newtownards, which employs 51 people. The deals mark a busy start for 2016. Information firm Experian said the number of big business deals grew more than 50% last year to 165.