Geek-Guru Ltd sold to Corporate Buyer
Geek-Guru Ltd is a well-established IT support, service, repair, and upgrade company. The business is located in Walsall and caters to commercial clients. Geek-Guru predominantly servers the West Midlands area, with contracts in place supplying 24/7 customer care.
The business supports smaller and larger businesses alike, offering support, installation and advice covering many aspects of IT.
The buyer is an established IT business and managed service provider and offers a large support helpdesk as well as a large team of highly skilled and qualified technicians, field engineers, consultants and cyber security specialists.
The buyer confirmed: “The experience with Kings was excellent! Far better and far more knowledgeable than other brokers I tried going through. The level of service was fantastic. Kings were here to assist me and smooth over issues. Stephen, our business broker, kept in touch without being overly pushy. He showed knowledge of commercial deals and the sector unlike some of the ‘estate agent types’ I have dealt with in the past. Stephen clearly understood the difference between commercial deals and house sales. I am very relieved everything has concluded despite the government budget affecting the lending for the deal. I would definitely recommend Kings and will happily use them in the future for further transactions. They helped overcome obstacles in the deal and matched an almost mirror image business to merge with.”
Business Broker, Stephen Croft stated: “I was very pleased to have assisted the vendor in finding a good match to take his business forwards. All the parties had a good relationship from the start, and this helped overcome any obstacles. The government ‘mini-budget’ caused issues with the buyer’s lending, but we were able to restructure the deal to factor this change and still proceed.”
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