03 Nov 2025

"Trustmarque and Ultima Business Solutions Merge to Create UK IT Channel Powerhouse"

"Baker McKenzie advised One Equity Partners and Trustmarque Group on their merger with Ultima Business Solutions, creating a leading IT channel powerhouse in the UK. The combined business is expected to achieve GBP 1 billion in Gross Invoiced Income and employ over 1,000 staff, offering comprehensive IT solutions and managed services. This strategic alignment aims to drive innovation, growth, and deeper customer engagement in the technology services sector."

Baker McKenzie advised One Equity Partners and its portfolio company, Trustmarque Group, while Apse Capital was represented in the transaction involving its portfolio company, Ultima Business Solutions. The transaction involved the merger of Trustmarque Group, a leading technology services partner, and Ultima Business Solutions, a premier managed services provider. The combined business is expected to achieve a Gross Invoiced Income (GII) of GBP 1 billion and will have a unified workforce of over 1,000 employees. This strategic alignment aims to enhance innovation, agility, and market impact, creating a leading IT channel powerhouse in the UK with a comprehensive portfolio of end-to-end IT solutions and managed services. The Baker McKenzie team was led by Private Equity Partner Justin Hutchinson, with support from Private Equity Associates Angus Duncan, Emma Burton, and Francesca Cohen. The team also included Debt Finance Partner Nick O’Grady, Tax Partner Natalie Dunne, and Antitrust & Competition Partner Anthony Gamble.
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