ITC Service secures £7 million BGF investment to drive growth
👋 Chris here from ITC Service:
We’re thrilled to share that ITC Service, your trusted service-first IT-managed service provider, has secured a £7 million investment from BGF, one of the largest and most experienced growth capital investors in the UK and Ireland.
History of ITC Service
Since Peter Anderson and I founded ITC Service in 2006, our mission has been to deliver business-critical outsourced IT services that empower more than 400 SMEs across the North East. From managed IT support and cyber security to Microsoft 365, communication solutions, and digital transformation, we’ve built a suite of services designed to support businesses in achieving their goals
Over the last 18 years, we have built a highly successful, respected business that has developed a strong and valued client base. I am excited to lead ITC forward, to continue to grow and support our region, to help more local businesses achieve their goals and to complete a carefully executed M&A strategy.
Why ITC Service chose BGF
In order to fulfil this potential, we need an investment partner that is willing to take a long-term approach to support our growth ambitions. With an excellent track record of backing exciting and dynamic businesses in the North-East, we are confident BGF is the right investment partner and we’re delighted to have the team onboard.
This investment marks the beginning of an exciting new chapter for ITC Service. With the backing of BGF, we’re positioned to scale even further—both by continuing to grow organically and by acquiring complementary providers in neighbouring regions.
What’s Next?
The investment also brings new expertise to our team, with Lee Shorten joining our board as Non-Executive Chair (NXC). Alongside BGF Investors John Healey and Christian Pollard, we’ll be leveraging this partnership to expand our regional footprint and deliver even more value to our clients.
BGF Investor John Healey shared: “ITC is a real success story in the North-East where it has a long-established track record of delivering exceptional client outcomes. With an appetite to accelerate growth, leading service offering combined with a client-focused approach, ITC is well positioned to expand its footprint in the regional market – both in the North East and possibly beyond.”
We want to thank our advisors—Mincoffs and RSM—for their guidance throughout this journey, as well as BGF’s advisory team at Womble Bond Dickinson and Tax Advisory Partnership.
Here’s to the exciting road ahead, as we continue to deliver industry-leading IT solutions and support businesses across the North East to achieve their full potential.
Christopher Potts
Founder & Director
ITC Service
