IT support specialist Sapphire Computer Systems has been found a “safe pair of hands” to continue its success, sold to Project X Holdings in a deal advised by KBS Corporate.
Founded in 1992 and based in Westcliff-on-Sea, Essex, Sapphire offers a range of IT system management, connectivity, support and consultation services.
The company operates across the South East of England and supplies organisations in a range of sectors, including manufacturing, financial and healthcare.
In a transaction advised by Dylan Bennett, KBS Corporate Deal Executive, Sapphire was acquired by Project X, which is based in London and Manchester.
Project X specialises in acquiring, investing in and scaling established IT managed service businesses, bringing together experience, resources and strategy to help them achieve sustainable success.
David Hickman, Sales Director of Sapphire Computer Systems, commented: “Project X not only has the right approach to its customers and staff, it demonstrated a safe pair of hands to take up the mantle.
“We were sure Project X would be able to not only continue to supply great levels of service to our customers but be able to offer a wider range of products, services and expertise.”
Sapphire’s owners were keen to improve the company’s scope by augmenting its range of products and quality of services.
Simon Newton, CEO of Project X, commented: “Sapphire represented a great opportunity to add a well-established business to the group and bring a wider and deeper range of skills and products to our customers.”
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