5 July 2022Press Releases
James Cowper Kreston Corporate Finance have acted as corporate finance adviser to the shareholders of Blue Rock Systems (“Blue Rock” or “the company”) on the company’s sale to APTECH Business Systems Ltd, trading as Intact Software in the UK. This transaction takes place 17 years after the Southampton-based company started reselling, implementing and supporting Intact’s enterprise resource planning (ERP) systems.
Announcing the acquisition, Intact CEO Justin Lawless said the acquisition would strengthen Intact’s market share across its target verticals and bolster its workforce to support ambitious growth plans in Ireland, the UK and globally. The acquisition is part of Intact’s strategy to become the leading provider of ERP and business software solutions in the merchant and distribution sector. The full Blue Rock team will be retained as part of the deal, which will see Intact's workforce grow from 200 to 246 staff across Ireland and the UK.
Stewart Lambert, partner at James Cowper Kreston Corporate Finance, commented. “We are delighted to have advised Blue Rock on its sale to Intact. George and his team have built a fantastic business and I look forward to following their continued growth and success as a key part of the Intact Group.”
George Troullis, Managing Director of Blue Rock Systems commented, "Blue Rock are thrilled to be part of the Intact Group and look forward to seeing existing and new customers benefit from an expansion of services and improved processes, with an integrated team sharing best practice. We would like to give our thanks to Jack Griggs and Stewart Lambert of James Cowper Kreston Corporate Finance for their assistance throughout the transaction. It is without doubt that their advice ensured a good outcome for all stakeholders. I have no hesitation in recommending their services to other owner managers considering exiting their business."
Blue Rock is Intact’s second UK acquisition following the acquisition of value-added reseller Ramtac in 2016.