Managed services provider BDR Group has received an eight-figure funding package from Santander UK to support its M&A push.
Founded in 1991 by Bahman Rahimi, Chief Executive Officer, the company is headquartered in Stratford-upon-Avon and counts Avaya, Mitel, and BT Wholesale among its vendor partners. It offers public and private sector customers infrastructure, connectivity, unified comms, managed services, broadband and business mobiles, and the deployment and maintenance of security systems and networking kit.
It has quadrupled its revenue in the past four years to £28m and expects turnover to top £40m in 2022.
Rahimi said of the new investment:
“The team at Santander UK, including its Relationship Director, Craig Kelly, and Growth Capital Director, Simon Clewlow, has always proactively backed our business and growth ambitions with complete confidence, investing time to understand our strategy and vision for the future. The bank has become a valued long-term partner that we look forward to continuing to grow with.”
Simon Clewlow, Growth Capital Director, Santander UK, added:
“The IT services and telecoms sectors are rapidly changing, and over the past decade BDR Group has been at the forefront of industry consolidation, creating an outstanding group of companies that offer holistic and wide-ranging services”
“We are delighted to support BDR Group through the next phase of its buy-and-build strategy, providing facilities that will assist its entrepreneurial ambitions in coming years.”
