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British team buys TelecomFM 

Article Date:  Oct 24 2008 Mark Dunne

The managing director of a Slough-based telecom specialist has led his fellow directors in a buy-out of the business from its US parent. 

Colin Mulford has bought TelecomFM, which provides network access products and services, for some $3.6 million (£2.3 million) after Barclays agreed to provide the debt needed to complete the deal. 

TelecomFM was acquired from Florida-based Sunair Services, which decided to sell the business to concentrate on its pest and lawn control operations. Mulford said management had to complete the deal to a tight deadline given by Sunair. 

The acquired company has a network of offices in the UK, Spain and South Africa and its new owners intend to expand its reach into the US and the Pacific Rim countries. 

The buy-out team was assisted throughout the transaction by accountancy firm Hurst Morrison Thomson, with Pitmans leading them through the legal issues of the deal.  

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