Inflexion invests in Ridgewall and backs simultaneous acquisition
Inflexion is pleased to announce that it has invested in managed IT and communication services business Ridgewall Group and backed the simultaneous acquisition of QDOS SBL, a specialist provider of managed IT and communications to the hospitality industry. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s dedicated lower mid‐market fund.
Ridgewall was created in 2011 and provides business critical services in IT, communication and cyber security to SMEs. QDOS SBL is Ridgewall’s fourth acquisition in the last twelve months and enhances the company’s technical capability and international footprint as well as diversifying the client base. The combined group now employs over 100 people, working together to provide excellent customer service to roughly 1,800 customers.
I’m proud of the business we have built up at Ridgewall. For some time now we have felt there is a real opportunity to take a leading role in consolidating what we see as a fragmented industry. QDOS SBL is our fourth acquisition of 2019, and we are confident that Inflexion’s impressive track record in helping businesses grow through M&A as well as their technology know-how and experience make them an ideal partner as we look to expand our company in this way.
Chief Executive, Ridgewall
Ridgewall’s success to-date in developing long-term relationships combined with its technical excellence make it well placed to drive its future growth both organically and acquisitively. Management’s ambition and proven tenacity mean the company has the potential to become a unique international asset in the sector and we look forward to supporting them on that journey.