Go to deals
TMT

Comms Group (ASX:CCG) has acquired Switched On Australia

The acquisition of Switched On further strengthens the Comms Group’s position in the Melbourne market and adds over 900 SME customers and two additional sales staff to the team, which will drive organic growth and increase cross-selling opportunities. The acquisition is both EBITDA and EPS accretive and will add nearly US$3 million in annual revenue and approximately US$1 million in annual EBTIDA.

Comms Group is a leading business telecommunications provider with a broad product suite servicing SME and corporate mid-market firms, as well as wholesale and partner customers.

Founded by Leigh Schwarm, Switched On is a Melbourne-based, SME-focused telco company. It provides a range of services which include voice and data solutions, business phone systems, phone system maintenance and general managed IT and support.

Oaklins’ team in Australia acted as corporate and M&A advisor to the buyer in this transaction.

Parties
“We are excited to welcome Switched On to the Comms Group business. The acquisition brings a strong SME customer base along with additional sales capabilities in our Melbourne office. We also welcome the founder of Switched on, Leigh Schwarm to the Group.”

Peter McGrath

CEO and Managing Director, Comms Group

Talk to the deal team

 Scott  McInnes

Scott McInnes

Managing Director
Melbourne, Australia
Oaklins Henslow

Related deals

Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more
PCI Pal has completed an equity raise
Financial Services | TMT

PCI Pal has completed an equity raise

PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.

Learn more