APSU formed from IT merger

Apex Computers International has merged with West-Midlands-based AssurIT to form new business APSU.

The merger, through the acquisition of Apex Computers International by private equity firm APSU Capital, is said to create ‘extensive synergies’, with the newly formed APSU able to provide on-site infrastructure, managed IT services and cloud computing services, according to a statement.

As part of the deal Nick King, chief executive officer of Gloucestershire-headquartered Apex, will remain as a shareholder in the business but will hand over operational responsibility to the new board of directors to pursue his role as a fund-raiser for charities.

Klaus Lovgreen, founder of AME Info, is to join the board and will take a role in directing the promotion and strategy of APSU. Steve Ellis, APSU investor and managing director of AssurIT, is to head up the enlarged group as managing director alongside Steve Morris.

Morris adds: ‘The merger of AssurIT and Apex creates a company that will provide a breadth of services and support unique in the industry.

‘The customer bases that both businesses have, together with the Apex name and reputation in the mid-range marketplace, will enable us to continue to provide a high level of exceptional support and service to our customers, both current and future.’

APSU was advised by The Wilkes Partnership, RSM Tenon and Murphy Salisbury.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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