Sheffield’s Ask4 bought out by private equity firm

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Sheffield’s Ask4 bought out by private equity firm

Ask4, the Sheffield-based internet solutions provider, has been bought out by private equity firm Bowmark Capital.

Founded in Sheffield in 2000 by CEO Jonathan Burrows, ASK4 partners with universities, private sector student accommodation providers, residential apartment developers, and businesses, to provide high speed internet solutions and managed data services for multi-tenant accommodation.

Bowmark is acquiring its interest from ASK4’s previous institutional investor, Darwin Private Equity, and is investing alongside the current management team in support of the company’s continued expansion in the UK and overseas.

It will also help to accelerate the roll-out of new products and services, as well as the recruitment and training of additional staff, which will underpin the continued delivery of ASK4’s first class customer service – both for accommodation operators and service end users.

Mr Burrows said: “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.”