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Concorde Informatics Targets Growth after Management Buyout!
Brighouse-based Concorde Informatics Ltd, one of the North of England’s leading IT service and solutions providers, has been bought by a consortium of local businessmen for a seven figure consideration.
The consortium is led by Colin Meakin, Concorde’s business development Director who joined the business twelve months ago after agreeing a deal in principle with its shareholders to set up a buy in management buyout (BIMBO) that would enable the principal shareholder to retire.
Meakin had previously spent 21 years at West Yorkshire based ICM Computer Group plc, latterly as sales and marketing director. When the business was acquired by new owners in 2007 he left to look for his own investment opportunity.
One of the key members of Meakin’s consortium is his former mentor, founder and chief executive of ICM Computer Group plc, Barry Roberts. Meakin is taking on the role of managing director while Roberts will act as non-executive chairman.
Download the full press release here.
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The company is registered in England & Wales no. 1935856 dated 2nd August 1985
Registered address is Beacon Lodge, Texas St, Morley, Leeds, LS27 0HG