Horizon's DMC Canotec acquires United Carlton

According to publicly available documents, United Carlton's parent company, UCOS Holdings, generated an operating profit of £3m from a turnover of £16.5m in the year ending in June 2018.

The transaction comes four years after DMC acquired BCL, three years after it acquired First Office, and 11 months after Horizon (then known as Lyceum Capital) acquired a majority stake in the consolidated group. According to a statement, DMC's revenues have doubled since the time of Horizon's initial investment.

The acquisition of United Carlton is intended to increase the company's presence in the north of the UK. It will increase DMC's headcount to 250 and its client roster to around 4,500.

Company
Founded in 1987 and headquartered in Gateshead, Tyne and Wear, United Carlton is a provider of printing services, audio-visual equipment and digital signage. It has additional offices in York and Warrington.

People
Horizon Capital – Luke Kingston (partner).
DMC Canotec – Simon Davey (CEO).
United Carlton – John Watson (managing director).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• Horizon Capital (formerly Lyceum Capital)
• Build-up