Wetherby-based SME accountancy and IT support specialist Deans Computer Services has completed a seven figure MBO.
The Microsoft Midmarket Solution provider supplies, installs and supports ICT solutions across the board, with an emphasis on accounting packages including Pegasus Opera and Sage 50, coupled with a development team that handles CRM, service management packages and bespoke apps.
The deal, advised by Grant Thornton, sees the firm’s founders step back from the company with a team led by MD Patrick Clayton, marketing director Suzanne Cowling and software director Sandra Marshall taking over the business.
Clayton said that the new management team aimed to build on DCS’ long-established reputation and consolidate its position as “one of the leading accounting software and IT support companies in the North.”
Company chairman and founder Peter Rogerson added: “The people who have been running the firm for some years now have a stake in its future success, and that is the way it should be. Although the founders have handed over our stakes in the business, we remain involved and we hope that we can support the new owners to continue the success story we started in the 1980s.”
Grant Thornton’s Fletcher Adamowicz, who advised on the deal, added: “The founders of DCS have grown a solid and highly reputable Yorkshire business over more than three decades, essentially since the very start of the IT industry in the UK.
“The management and founders have been able to structure a deal that rewards the exiting shareholders’ efforts over 30 years and provides continuity that will enable the business to evolve, continue to invest and grow in the future.”