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MBO for Excalibur Communications

Excalibur Communications, a provider of managed IT and telecoms services to more than 4,000 SMEs in the South and South West, has undergone a Management Buy-Out (MBO) supported by significant funding from Santander Corporate & Commercial.

Excalibur Communications offices
Excalibur Communications offices

The management team led by CEO Peter Boucher will take majority ownership of the firm, with former owner and CEO James Phipps retaining a minority shareholding and continuing his involvement with the company as Executive Chairman.

The new management team aims to take full ownership of the business within five years and to increase acquisitions and investment in new technology.

Excalibur Communications is one of Vodafone’s top five distribution channel partners in the UK.

www.santandercb.co.uk

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2020