01 February 2023

Aliter Capital LLP, a specialist investor focused on small to mid-size UK support services businesses, has announced the completion of its investment in ITM Communications Ltd., a network connectivity and IT managed services provider. ITM works throughout the UK, servicing a customer base including blue-chip private companies and major public sector bodies.

This investment establishes a third platform business in Aliter’s recently raised £134 million second fund, Aliter Capital II, completed in December 2022.

“We have been aware of Aliter for some time and having seen what they achieved historically with North, a business operating in sectors similar to ITM, we believe strongly the added support of the right investment partner with significant experience and resources will help us accelerate the next stage of ITM’s development. It’s an exciting prospect and we are enthused by the opportunities this will bring to our customers, suppliers, and staff,” said ITM director Mark Barber.

This latest deal is consistent with Aliter’s strategic focus on using its deep industrial expertise and broad networks to help drive both organic and acquisitive growth, to gain scale and a national footprint. Aliter will be actively looking to acquire complementary businesses as bolt-ons for this ITM led platform.