Horizon supports three bolt-ons for DMC

Horizon first invested in DMC in July 2018; the company has since made five acquisitions, diversified its offering and expanded its geographic reach across England, according to a statement. Souter Investments also participated in the transaction.

Horizon is currently investing from its Horizon Capital I fund, which closed on £200m in October 2018.

DMC now generates revenues of £65m and EBITDA of £16m.

Company
Founded in 1987, Condor is based in Southampton and operates an office in Bournemouth. The company provides managed print services through the supply of office printers and photocopiers to businesses across the south of England.

Systems Technology is based in London and was founded in 1989. It provides devices, managed-print services and bespoke technology services.

Established in 1969 and based in Leicester, CSL offers photocopiers to customers in Leicestershire and throughout the Midlands. The company also operates digital print centres.

People
Horizon Capital – Luke Kingston (partner).
DMC – Simon Davey (CEO).

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