Knight advise Matrix247 on its sale to Focus Group

This strategic acquisition further enhances Focus Group’s offering in IT and Telecoms in the North-West, expanding their managed IT, UC, and CCaaS offerings.

Matrix247, founded in 1991, has a proven track record of delivering high-quality IT and telecom solutions into the Legal and Insurance sector. Over the course of a competitive transaction process, Knight were able to highlight Matrix’s expertise in these verticals, underpinned by innovative UC and CCaaS propositions and long-standing customer relationships. This position was central to presenting the strategic value of the business to buyers, which ultimately was well aligned with Focus Group’s growth ambitions in these markets.

Investment Impact

Neil Hall, Focus Group CEO, said “We’re thrilled to welcome the Matrix team on board. The team’s technical and service capabilities have resulted in an excellent rate of growth for the business, and they have an enviable ability to attract and convert new customers, while confidently delivering and supporting new implementations.

We’re eager to continue building upon this success and the partnership will further enhance our CCaaS and Managed IT offering for the wider group.”

“Selling Matrix after 34 years of successful trading was the number one biggest decision I had to make, and without doubt the second most important decision was choosing the right corporate advisor to guide myself and board through the whole process. Our choice in using Knights Corporate Finance was cemented from the very start with their professionalism, clear and strong guidance through tough decisions at stressful moments. I know I speak for the entire board in extending our gratitude to Luke for his unwavering work ethic and availability around the clock, Adam and the whole team at Knight for their commitment which made all the difference in achieving a successful outcome on the targeted timescale.’’

Stephen Pritchard

CEO of Matrix247

The transaction was led by Adam Zoldan, Luke Ettenfield-Nann and Greg Rawsthorne.

Luke Ettenfield-Nann, Associate Director at Knight, said: “We are thrilled to have had the opportunity to work with the team at Matrix, a company we have known for many years at Knight. It has been a pleasure working with Stephen, Geoff, Simon, and Sarah to achieve this excellent result for all parties. We look forward to seeing the business continue to prosper within Focus Group.”