Aliter completes investment in Jumar
Second investment by Aliter to create a leading UK tech talent and digital solutions business.
Aliter Capital LLP (“Aliter”), the private equity investment specialist focused on the small to medium-sized UK support services sector, has announced the completion of an investment in Jumar, the West Midlands headquartered tech talent, digital transformation and technology solutions business.
The investment, made from Aliter’s £134m second fund Aliter Capital II, sees Jumar become a key part of Aliter’s strategy to develop a leading specialist technology resourcing and solutions group in the UK, working alongside tech talent business Concept Resourcing, the Dudley based company, acquired by funds managed by Aliter in July 2022.
Founded in 2000, Solihull based Jumar has developed a reputation for delivering innovative technology solutions. Jumar’s team of technology experts work with customers across the public and private sectors, providing digital transformation, technology solutions, project outcomes, augmenting in-house resources and identifying skilled talent to support their customers’ technology and business needs.
Wendy Morgan, founder and CEO, Jumar, said, “Over the past 23 years, our talented team at Jumar has leveraged its collective strengths to help organisations navigate the evolving technology landscape and achieve their business goals. Now, it’s time for us to enter an exciting new phase of the company’s development and we are very much looking forward to working with our new colleagues at Aliter to create a significant, UK wide technology and talent capability for our clients and employees.”
Greig Brown, partner, Aliter Capital said: “There is clear logic in Jumar working alongside Concept Resourcing. The skills, resources and capabilities of both companies are entirely complementary and will form the strongest of foundations for the development of a leading tech talent and solutions business in the UK”.
Matt Gillen, CEO, Concept Resourcing said, “We have been tremendously impressed and encouraged by the input and support we have received from the team at Aliter over the past year. Now we look forward with great anticipation and enthusiasm to working alongside Jumar, to grow and develop a formidable force in the world of technology and tech talent.”
This latest deal is consistent with Aliter’s investment strategy of acquiring and integrating smaller businesses to create sophisticated, professional medium sized operators within fragmented markets. Aliter’s strategy focuses on using its deep industrial expertise and broad networks to drive both organic and acquisitive growth to gain scale and a national footprint.
Aliter is actively looking to acquire complementary businesses to join the tech talent platform, with a focus on adding AI and cyber security capabilities, as well as developing its physical presence in the UK’s main tech centres, including London, Bristol, Manchester and Scotland.
BACKGROUND INFORMATION
About Jumar (www.jumar.co.uk)
Jumar is a leading supplier of digital transformation and consultancy services, offering a range of services to ensure digital goals are achieved, from full project delivery, software development, legacy transformation, to provision of skilled professionals and teams. Jumar works successfully across the entire corporate spectrum, from retail and media to aerospace and utilities; also in financial services, from insurance and underwriting to banking and loans, delivering innovative, user centric technology solutions, driving business change, increasing user adoption and maintaining regulatory compliance. Jumar also operates across a range of government frameworks, tenders and purchasing systems, working within GDS guidelines, principles and standards to deliver reliable, cost efficient, user focused public services.
About Concept (www.conceptresourcing.com)
About Concept (www.conceptresourcing.com)
Concept Resourcing was founded in 2000 and has grown strongly over the last two decades. It is a leading independent resourcing consultancy and managed service provider supplying specialist skilled contract and permanent staff to technology, field engineering, sales and procurement sectors. The business now employs 80 people and has an established client base which includes blue-chip companies, high-growth technology firms and major public sector organisations.
About Aliter (www.alitercap.com)
Aliter was founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – and focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter has now closed more than 20 transactions since the beginning of 2017 across its two funds, Aliter Capital I and II.