High-speed broadband and data services provider ASK4 has successfully completed a buy-out deal, backed by private equity firm Bowmark Capital.
ASK4, founded in Sheffield in 2000 by CEO Jonathan Burrows, currently serves over 160,000 customers across more than 400 sites in the UK and Europe. Specialising in high-speed internet solutions and managed data services for multi-tenant accommodation, ASK4 partners with universities, private sector student accommodation providers, residential apartment developers, and businesses.
Bowmark Capital acquired its interest from ASK4’s previous investor, Darwin Private Equity, and has committed to investing alongside the current management team. This support is poised to not only sustain ASK4’s expansion but also accelerate the roll-out of new products and services as well as recruit and train additional staff.
Jonathan Burrows, reflecting on the company’s growth, remarked, “Our growth has been built on delivering exceptional customer service and investing in strong long-term partnerships. With Bowmark’s support, we are well-positioned to continue to grow significantly in the UK and expand further into Europe, through both organic growth and targeted M&A.”
Meanwhile, Bowmark partner Stephen Delaney expressed enthusiasm about the partnership, saying, “We have been tracking the company for a number of years and are delighted to have the opportunity to support Jonathan Burrows and his team as they build on the impressive growth they have achieved to date.”
ASK4 aspires to double its turnover to £30m over the next five years. This ambitious target reinforces the company’s commitment to growth and innovation in the high-speed internet solutions sector.
With the backing of Bowmark Capital, ASK4 is strategically positioned for significant growth and expansion, aiming to strengthen its market presence both in the UK and across Europe.