Year of sale:
”When partnering with a private equity firm to help grow our business, Horizon was the ideal choice given their expertise and track record of backing acquisitive companies.Simon DaveyCEO
DMC Canotec is a provider of managed print, archive and document systems to more than 2,000 UK clients across the SME market.
In addition to supporting customers with the maintenance and uptime of their MFDs, DMC offers a unique solution in streamlining operations in order to drive efficiency and increase productivity. With the ever increasing importance of data security, DMC’s solutions ensure that printing infrastructure is secure and seamlessly links with the wider IT suite.
The UK managed print services sector is expected to grow by 3-4% annually over the coming years driven by increased penetration and the desire for further sophistication in how businesses manage their document management solutions. With more than 300 independent managed print services companies in the UK, DMC is looking to take advantage of a fragmented market and consolidate its position as a market leader.
Since investing in July 2018, Horizon have worked with DMC’s management team to deliver a highly effective organic and acquisitive growth strategy – Highlights include:
- Revenues grown to £70m since the original investment
- 6 successful acquisitions in the first two years
- Machines in Field now stands at 30,000
- Client base grown to over 11,000 clients