Double acquisition of regulated market specialists, reinforces expertise in solving complex needs

Manchester, UK,  27 February 2025 – Everything Tech Group, a leading UK provider of managed IT services, today announces the acquisition of SIRE Technology Ltd and Bastion Key Limited (trading as GiBVault). The double acquisition is the eighth in just four years and marks the next expansion of Everything Tech Group to become a £24m and 130-strong technology powerhouse. The move will see the entire senior leadership of both companies joining the management team of the enlarged group, set up to capture further market share in key segments.

Globally renowned GiBVault, is the largest provider of Cloud-based infrastructure services in the British Overseas territory of Gibraltar, with a global customer base spanning Europe, the Caribbean and Asia. The company provides fast, secure, always-on computing resources that host high-demand production workloads for some of the world’s most demanding financial services, gaming, blue-chips and public sector companies.

Berkshire-based SIRE Technology, has over 30 years of experience, specialising in IT managed services, cybersecurity, and cloud solutions for UK SME and Enterprise customers.

Everything Tech Group (“ETG”)  was founded in 2021 by Mark Allen and Phil Smith, having previously scaled and exited GCI Communications for near £200m. Mark Allen, CFO comments: “We see a huge opportunity to create clear expertise in helping customers with complex needs. To capitalise on this, we are combining expertise in technology and talent. This double acquisition cements this and gives us scale and access to a global customer base.”

The acquisition was supported by a fresh injection of capital from the group’s entrepreneurial shareholder base, alongside expanded acquisition facilities provided by the Structured Finance team at NatWest.

Independence Capital, the private equity alternative for exit-proven leaders and management teams also supported the group with buy-side, debt and capital advisory. Max Ward, Founder said: “It’s extremely rewarding to be able to support the ETG team to land this double acquisition. In a congested market, ETG is looking to differentiate itself with high-growth, and strategic acquisitions to become genuinely category leading. To be able to pair that now with cutting-edge expertise in regulated financial markets and next generation economies like gaming is really exciting.”

Tom Murray, Vice President of UK Financing Solutions at NatWest, commented: “We are delighted to continue supporting Everything Tech Group as it expands its portfolio and accelerates its growth trajectory. This acquisition underscores the Group’s commitment to providing cutting-edge solutions to businesses across the UK.”

Buy Side Advisors:

Legals – Hill Dickinson (Jonathan Gillow)

Financials – Cortus Advisory

Corporate Finance – Independence Capital (Max Ward)