Private equity firm Aliter Capital has announced the completion of an investment in Jumar, a West Midlands based tech talent, digital transformation and technology solutions business. The investment, made from Aliter’s £134m second fund Aliter Capital II, sees Jumar become a key part of Aliter’s strategy to develop a leading specialist technology resourcing and solutions group in the UK, working alongside tech talent business Concept Resourcing, the Dudley based company, acquired by funds managed by Aliter in July 2022.
Jumar was founded in 2000 and has developed a reputation for delivering innovative technology solutions. Jumar’s team of technology experts work with customers across the public and private sectors, providing digital transformation, technology solutions, project outcomes, augmenting in-house resources and identifying skilled talent to support their customers’ technology and business needs.
Wendy Merricks, founder and CEO of Jumar, said: “Over the past 23 years, our talented team at Jumar has leveraged its collective strengths to help organisations navigate the evolving technology landscape and achieve their business goals. Now, it’s time for us to enter an exciting new phase of the company’s development and we are very much looking forward to working with our new colleagues at Aliter to create a significant, UK wide technology and talent capability for our clients and employees.”
Aliter’s strategy focuses on scale and national footprint
This latest deal is consistent with Aliter’s investment strategy of acquiring and integrating smaller businesses to create sophisticated, professional medium sized operators within fragmented markets. Aliter’s strategy focuses on using its deep industrial expertise and broad networks to drive both organic and acquisitive growth to gain scale and a national footprint.
Aliter is actively looking to acquire complementary businesses to join the tech talent platform, with a focus on adding AI and cyber security capabilities, as well as developing its physical presence in the UK’s main tech centres, including London, Bristol, Manchester and Scotland.
Greig Brown, partner at Aliter Capital, said: “There is clear logic in Jumar working alongside Concept Resourcing. The skills, resources and capabilities of both companies are entirely complementary and will form the strongest of foundations for the development of a leading tech talent and solutions business in the UK.”
Aliter Capital is a specialist in the support services sector
Aliter Capital was founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – and focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support.
Aliter has now closed more than 20 transactions since the beginning of 2017 across its two funds, Aliter Capital I and II. Some of its portfolio companies include Edwin James Holdings, a Scottish engineering group; Halcyon Tankers, a bulk liquid logistics provider; Boston Networks, an integrated technologies specialist; North Group Consulting, an environmental consultancy; Orbis Protect, a vacant property management company; and Concept Resourcing.
