[Nottingham/Manchester, Derby, Crowthorne] Nexstor Ltd, a specialist provider of Data Storage and Hybrid-Cloud ‘as a Service’ Solutions, has been acquired by the Everything Tech Group of companies.

Established in 2004, Nexstor Ltd is a ‘full stack’ solutions provider with over two decades of experience in the design, installation, and management of on-premise server, storage, and backup solutions. In recent years their proposition has evolved into both managed services and bespoke hybrid-cloud IT solutions to protect critical applications and data.

The Company has established partnerships with global technology leaders such as HPE, Veeam, Dell EMC, VMWare, Spectralogic and Seagate. In 2021, the Company attained HPE Hybrid Gold Partner status and is the only UK reseller to sit on four different HPE Worldwide Advisory Boards. Nexstor Ltd operates from Nottingham headquarters, along with its main technical facility in Gloucestershire.

The Everything Tech Group of companies is an award-winning UK managed services provider (MSP), specialising in four business IT areas: Cloud and Remote Desktop, Networks and Security, Voice and Contact Centre, and IT Support. The Group serves clients in the Accountancy, Legal, and Financial Services sectors, and provides tailored solutions in Technology and Cyber Security for regulated environments.

The deal has been supported by Independence Capital.

Mike Whittle, Managing Director of EvolutionCBS comments:

“Our clients, Rob and Troy, had built an impressive business in Nexstor Ltd and were seeking the right strategic partner to help take their proposition forward to the next level. Mark and his team at Everything Tech Group really understood the opportunity that Nexstor represents and were the ideal partner.

“I’d like to thank Mark Allen and his team, Max Ward and the team at Independence Capital, Hammad Naveed and Charlotte Harsent from Carter Bond (acting sell side) and Graeme Anderson and his team at Hill Dickinson (acting buy side) and finally Leanne Fairburn who acted as fractional FD for Nexstor during the transaction – it was a pleasure to work with you all to finalise this deal. I look forward to watching the companies continue to grow together – I know they will be highly successful.

“My final word goes to our clients Rob Townsend and Troy Platts – it’s been an honour to go on the journey with you both, we wish you all the best for the future.”

Troy Platts Owner, Directors of Nexstor, comments:

After over twenty years of building Nexstor and establishing such a trusted brand within the Enterprise IT sector, priority number one for us was finding an investor who was the right cultural fit. Many of the Nexstor team have been part of this journey for many years, and it was of paramount importance to us to find the right organisation to help us move forward and scale faster.

Evolution CBS came recommended to us via an industry contact with whom they had worked on a previous transaction. They took the time to understand our business and culture and brought numerous suitors to the table over quite a protracted period. When we sat down with Mark and his team at Everything Tech Group, it quickly became apparent that we had found a team with synergistic values and a shared culture.

We would like to thank Mark, Phill, and Danny at Everything Tech Group for their vision.  Hammad Naveed and Charlotte Harsent from Carter Bond for their tireless efforts on the legal side of the transaction and last but not least, Mike Whittle from EvolutionCBS for his constant help and advice throughout this process.

Rob Owner, Directors of Nexstor, comment:

Following a successful 20 years building Nexstor, Troy and I really needed to find a good home for the company, one that would enable Nexstor to flourish. Thanks to Mike and his team at EvolutionCBS, we found the perfect home at EverythingTech.

Mark, Phil, and Danny from EverythingTech bring extensive experience to the table and have taken the time to understand Nexstor, our skills, culture, and personalities. We’re excited to help steer Nexstor into the next chapter with EverythingTech.

The support from our legal team, Hammad and Charlotte at Carter Bond, has been nothing short of amazing. Their experience with projects like ours gave us confidence that every detail would be covered, meaning the deal was right for both parties.

Mark Allen, CEO of Everything Tech Group comments:

My experience in M&A has taught me many lessons, but one stands out above all: culture fit matters. The Nexstor team are a natural fit for the business, bringing a loyal client base, deep technical expertise and a strong drive to keep evolving. I’m confident they’ll be a valuable addition to the Group as we continue to grow.

About EvolutionCBS

As a long-established premium provider of business sale advisory services to UK businesses, EvolutionCBS offers business owners a complimentary and confidential discussion on how their specific objectives could be met and provides them with pragmatic, practical advice on how to begin preparing both themselves and their businesses for future sale or investment.

EvolutionCBS works with owners of UK businesses in any sector, finding buyers from around the world through highly targeted research and supporting clients with dedicated Director-led teams, at every stage of their journey to a successful sale or investment.

If you are an owner or shareholder of a business and would like a no-obligation consultation on the sale of all or part of your business, please email: info@evolutioncbs.co.uk  or contact us on Tel: 0118 959 8224.