New chapter for Trustmarque following acquisition by One Equity Partners
New York and London, 01 April 2022: following a sale announcement in January 2022, Trustmarque has now been officially acquired by leading private equity firm, One Equity Partners (OEP).
This partnership will further strengthen Trustmarque’s capabilities as an award-winning value-added UK reseller while allowing the business to operate as an independent brand. The announcement comes after a period of clearance, and approval by the UK Government.
As a market-leading strategic IT partner, collaboration and partnership are critical to Trustmarque’s approach. These core values also underpin the OEP partner strategy. The firm builds market-leading companies prepped for long-term growth by building valuable relationships with management teams within its portfolio.
Commenting on the completion of the sale, Trustmarque’s Managing Director Ben Richardson said the partnership will help to bolster Trustmarque’s market proposition:
“After over 35 years in business, this is a momentous day in the rich heritage of Trustmarque. I know I speak for our 400 plus colleagues when I say that we are exhilarated at the prospect of beginning a new chapter with One Equity Partners. We will be an independent business with the support of a shareholder that is committed to investing in the business to build a broader platform of customers and capabilities. This presents us with a great opportunity to invest in our brand and to affirm our position as one of the UK’s most prestigious value-added resellers.”
OEP has a strong focus on the industrial, healthcare, and technology sectors in North America and Europe and has a background in supporting its portfolio companies to enhance service-led go-to-market strategy, particularly in cloud/software asset management capabilities.
Andrew Dunn, Managing Director at OEP commented:
“We believe there are significant opportunities for us to drive Trustmarque to further capture market share by innovating through cloud and digital capabilities for its public sector and healthcare clients. Based upon our knowledge and past investment experience, we see an opportunity to accelerate this growth by driving the consolidation of the highly fragmented market of UK mid-market IT system houses, and we look forward to partnering with Ben Richardson as Managing Director and Vishu Passi as Strategy Execution Director, on delivering these plans.”
Trustmarque delivers integrated services that support UK organisations through every step of the IT investment process, from solution development through technology provision to deployment and on-going support. The business operates across a number of core sectors – healthcare, central and local government, and corporates – and has been helping our customers’ transform, integrate and simplify their technology and IT services in a compliant way for more than 35 years. The Trustmarque senior management team and colleagues will remain with the business.
More about One Equity Partners
OEP is a private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record of generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com
For further information for Trustmarque customers and partners
All key contacts will remain the same. For further details please talk to your Account Manager or Vendor Manager. You can also find out more about Trustmarque’s heritage on the About Us page.
Written by Julia Bluckert.