Inflexion Private Equity is pleased to announce that it has supported Radius Payment Solutions’ acquisition of Adam Phones, a leading independent service provider in mobile and fixed line communications.
The acquisition is the first since the minority investment by Inflexion Partnership Capital in January 2018 and is in line with the strategy to grow the business through expanding into new sectors and geographies both organically and through M&A.
Radius Payment Solutions is a leading fleet payments and telematics provider to small and medium sized fleets across Europe, North America and Asia. This transaction expands the business into the telecommunications sector.
Adam Phones has supported the critical connectivity of small, medium and large enterprises for 30 years. As one of the only service providers in the UK with licences to sell and support all three major mobile networks, Adam Phones integrates and unites a diverse range of products and services to deliver carefully crafted mobile and fixed line connectivity solutions.
Radius has acquired a highly reputable business in a sector where we see huge potential for an offering to our core customers alongside their fuel cards and telematics products. We look forward to working with existing team at Adam Phones led by Adam Toop to build a successful telecoms division within the Radius Group.
Radius has an ambitious growth strategy and this strategic acquisition is a significant milestone for the company in building their new telecommunications division. We look forward to supporting future acquisitions to assist Radius’s expansion.