Leeds-based data recovery specialist completes MBO
Founding director hopes for further international expansion after leading buyout
Leeds-based data recovery firm Backup Technology has changed ownership following a management buyout (MBO), led by one of its founding directors.
Simon Chappell, who helped to start the business back in 2005, headed up the deal with financial backing provided by Yorkshire Bank. PFK and CiL handled the financial and commercial due diligence processes.
In addition to its three UK offices – situated in Leeds, Manchester and London – Backup Technology boasts a US base in Houston, Texas. Chappell hopes the MBO will catalyse further international growth.
He said: “Backup Technology operates on a simple operating model – to deliver robust technological solutions and to provide comfort and peace of mind for our outstanding clients.
“We were instantly impressed by Yorkshire Bank’s approach to understanding our business and working with us to put in place the funding package we need to realise our growth ambitions.”