Formed in 1994 out of a garage, EACS has grown to a customer base of over 2,500. The Cambridgeshire-based firm has landed a large cash investment to boost its continuing growth, thanks to the experienced support that Knight provided.
Knight proved instrumental in facilitating the deal, navigating through post-COVID economic challenges. “The ICT sector has been critical in keeping the UK open for business and deserves recognition for this,” said Adam Zoldan, Knight founder. “The buoyancy of the sector has been reflected in the strong deal flow and continued commitment from buyers, sellers, funders and investors.
“All credit to the EACS management team who were able to deliver at a challenging time for a fund-raise. I’m sure the Channel as a whole will take heart from this success story. Our view is that a combination of recurring revenue model and compelling growth opportunities will ensure the value creation prospects will remain strong for some time.”
Kevin Timms, CEO of EACS, said: “Having worked with Adam and the Knight team on our debt funding three years earlier, we knew Knight had the expert knowledge of the sector and strong funder relationships to deliver a deal that would meet the business’ growth ambitions.”
Founded in 2011, Shawbrook Bank has an excellent track record. “In Shawbrook Bank, we are confident we have the perfect partner to help us achieve our growth ambitions,” Timms added.
The deal provides more room for opportunity for EACS, and is testament to the continuing support and positive relationship it has built with Knight. Long may it continue!
What we've made possible
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