YFM Equity Partners (YFM) has helped back the £24m buy-out of Warrington-based Resulting IT, via a £9.3m investment.
Stuart Browne, Resulting IT managing director, said: “Securing a partner like YFM validates the strong positioning we’ve established as the UK’s leading independent ERP consultancy.
“YFM’s investment will enable us to accelerate our growth and extend our services to help even more companies, across a wider range of sectors, without sacrificing quality of delivery.
“Focusing on customer success has been a big part of our own success and, in a market where customer centricity is often an afterthought, we want to maintain our high standards.
“We’ve had plenty of interest in the business due to our unique positioning in a crowded market, but we felt that private equity offered us the flexibility to continue to build out a real challenger consulting offering.”
In the past two decades, Resulting IT has carved out a strong position in the market as the UK’s leading independent provider of Enterprise Resource Planning (ERP) expertise.
Resulting IT has a strong heritage in leading ERP platform SAP but are technology agnostic and work with other packages such as Oracle, Workday, IFS and MS Dynamics.
As a business-side ERP consultancy, Resulting IT provides clients with advisory services – helping them to define their ERP strategies, produce technology roadmaps and select delivery partners.
It also provides project management support through its team of experienced programme managers.
The consultancy has differentiated itself in the marketplace by being independent, and not being aligned to any one ERP.
It has a roster of high-profile clients including Transport for London, Asda, Leeds University and NHS 24, and has developed a range of proprietary software tools and products to enhance service delivery.
Mike Clarke, partner at YFM who led the funding, said: “Resulting IT is a fiercely independent and high growth technology consultancy built by expert founders, with customer service at its heart.
“From our first meeting with the team, the chemistry and the importance of a people-centric culture, shared between our two organisations was clear.
“Resulting IT has repeatedly shown an ability to listen and really understand their clients’ needs, which drives the efficiency and effectiveness of any ERP system.
“The addition of its own tools and products shows the company’s potential to develop cutting-edge solutions to speed up digital transformation.”
The YFM team was led by Mike Clarke and included, Laura Sisson, Ian Waterfield and Gavin Chadwick.
Chadwick will also be joining the Resulting IT board. Iain McKenzie has also joined the board as non-executive chair (NXC).