Palatine-backed FourNet makes 3rd add-on deal with 01T

01T is a Brighton-based managed service provider.

  • Palatine acquired FourNet in 2021
  • 01T is FourNet’s second acquisition in 2023
  • Palatine is a UK mid-market private equity investor

FourNet, backed by Palatine, has made its third strategic acquisition with 01T, a managed service provider.

01T is headquartered in Brighton, UK.

Palatine acquired FourNet in 2021.

FourNet acquired Nowcomm earlier this year and C>Way in 2022. In 2021, before Palatine’s investment, it acquired ComputerTel.

“Enhancing capability through strategic M&A is a key part of FourNet’s continuing growth strategy,” said James Painter, senior investment director at Palatine. “The acquisition of 01T adds a crucial network element to FourNet’s offering to customers and we are keen to support the group in making additional acquisitions in the future.”

01T is FourNet’s second acquisition in 2023.

Palatine is a UK mid-market private equity investor headquartered in Manchester.

FourNet is an IT services company. It has more than 200 employees, with offices in Manchester, London and Derby.

No financial details of the transaction were disclosed.