Moore Kingston Smith advises Prime Networks on Quintech acquisition

Prime Networks, a leading provider of IT services and communications, has partnered with Moore Kingston Smith Corporate Finance to acquire Quintech Computer Systems.

Founded in London in 2013, Prime Networks is a managed IT and communications provider, serving over 500 SMEs across England with comprehensive end-to-end technology services, including security, IT helpdesk, managed cloud services and technology strategy.

Moore Kingston Smith Corporate Finance has been integral in Prime Network’s buy-and-build journey, advising on five acquisitions to date.

Previous acquisitions include:

• Control Esc, an IT services and hosted telephony specialist (2020).
• G3 Solutions, a Dorset-based IT solutions provider (2021).
• TNSC, a Surrey-based IT network support provider with a strong presence in the education sector (2022).
• Solution Support, an IT support, services and security provider for businesses with offices in Tamworth, West Midlands (2024).

Quintech was established in 1991 in Tewkesbury and provides essential IT services and solutions to SMEs in a range of sectors.

Virgin Money continues to support Prime Networks’ growth plans by providing a new funding package. This acquisition will enable Prime Networks to extend its geographical presence while maintaining its commitment to delivering integrated and tailored services to SMEs, which has been the cornerstone of its growth.

In this project, Moore Kingston Smith Corporate Finance provided buy-side advisory and due diligence services to Prime Networks as they continue their growth journey. This showcases Moore Kingston Smith’s expertise in providing tailored and commercial buy-side advice to companies in the IT services and technology sectors, and its capability to support acquirers seeking funding.

The team was led by Nick Thompson, Partner, with Adele Hebditch, Director, specialising in transaction services, and Ellis Henderson, Assistant Manager.

Mark Simons, Managing Director and co-founder of Prime Networks, said: “This has been a smooth transaction, as we have been fully supported and advised by Moore Kingston Smith. The team always delivers exceptional financial advice and analysis. We have found in them the perfect adviser to realise our strategic growth plan. They are highly recommendable.”

Nick Thompson, Corporate Finance Partner at Moore Kingston Smith, concluded: “It’s always rewarding to work with Mark and his team. They have a clear strategic plan and it’s a pleasure to help them achieve it.”