O'Connors advises Pescado on sale to Arrow Business Communications
Business lawyers and advisers O'Connors has advised the owners of Pescado Limited on the sale of the company to Arrow Business Communications Limited.
Pescado specialises in Collaboration solutions, including Cloud Telephony and Mobility and also provides a range of Cloud and Infrastruture solutions to its large customer base. Established in 2006, the company has grown into a sucessful and trusted technology partner with over 2,500 customers and offices in Ewloe and Belfast.
Pescado and Arrow have much in common as both deliver a similar range of solutions from the same suppliers to customers in all industry sectors. Pescado has demonstrated a considerable strength in sales and commercial operations over a number of years and will enhance Arrow’s cross and upsell ability into its customer base, which now has over 7,000 customers.
All of the Directors and employees of Pescado will be staying on and will work within the Arrow group, ensuring a smooth transition for all of its valued clients.
Fraser Watson, Group Managing Director at Pescado comments: From our initial meeting with the Arrow team I felt our views on the industry appeared perfectly aligned. I really believe, by working with Arrow, we can continue to take our customers on an exciting technology driven journey, whilst also offering our people even greater opportunities as part of a bigger group. I am very much looking forward to driving the business forward with Arrow’s support. Working together to complete the transaction was challenging thanks to the pandemic but I am delighted with the successful completion which ensures a bright future for all involved.
Richard Burke, CEO Arrow Business Communications comments: “I’m really looking forward to welcoming the vastly experienced Pescado team to Arrow and working alongside them to drive the organic growth of some key solution areas across the Group. Pescado's sales focused mentality combined with Arrow’s broad product offering and expertise will significantly enhance our ability to win in the marketplace.”
Arrow was assisted on the acquisition by Deloitte and RSM and Evolution Capital and O’Connors supported the Pescado team.