York business acquired by tech entrepreneur Phil Doye

MBO completes at Sheffield computing business
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Tech entrepreneur Phil Doye is acquiring SBL, a York-based provider of technology solutions and services to the public sector.

Mr Doye is acquiring the company via acquisition vehicle Glebe Holdings and will provide additional follow-up funding.

“SBL has built an impressive set of customers on the foundations of long-term relationships, strong technical skills and a reputation for integrity,” said Mr Doye, who previously founded IT solutions and services Kelway.

“It is well-placed to exploit the increasing demand for expertise from providers that can manage the complexity of today’s IT environments with a focus around cloud and security services.

“With strong consultancy skills and a comprehensive suite of technical services, SBL is ideally positioned for growth.”

Dennis Hoban, SBL’s CEO and majority shareholder approached Mr Doye as someone who would provide the ambition and expertise needed to lead the company through the next stage of its growth.

As part of the deal Dennis Hoban and Bryn Roberts, FD, will leave the company and the senior management team of Paul Jenkins, Scott Cattaneo and Tracie Barrow have been appointed as directors of SBL.

Mr Doye, who will become CEO, added: “After I spent time with the management team and learned about the business, it was clear that SBL have a great set of solutions and services to assist customers in their next phase of IT transformation.

“I am delighted to have completed the deal and look forward to working with the team as we begin an exciting new chapter in SBL’s journey”