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Charterhouse acquires network MSP

Charterhouse Voice and Data has acquired NETconnection Systems, an MSP focused on delivering LAN and SD-LAN managed services for the public sector.

Established in 1998 and based in Croydon, London, NETconnection has over 30 staff and over 100 customers. The combined company provides managed IT, security services and business communications.

Charterhouse said it started its search to accelerate its LAN expertise during 2019 and identified NETconnection as a prime UK acquisition target.

CEO Mark Brooks-Wadham said: “NETconnection will allow us to complement and develop our existing product and services offering to our diversified customer base.”

NETconnection CEO Tony Brar said: “Our customers were increasingly looking for a consolidated approach to solutions through a single partner. We wanted to find an organisation that we could be part of who would allow us to offer more of what our customers required, providing greater scale as well as a strong presence in the private sector.

“We’ve found the ideal organisation in Charterhouse and believe this will strengthen the service and support we currently provide to our existing customers.”

Charterhouse received the financial backing of August Equity in November 2018, and reported sales of almost £24m for the year ending 30 November 2018.