The management team of Metronet (UK) has led a £45 million secondary buyout of the business, backed by ISIS Equity Partners.
The company now has over 1,200 customers for its wireless, fibre and leased lines solutions, including around 30 housing associations such as Eastlands Homes, Trafford Housing Trust, Wythenshawe Housing, Irwell Valley Housing, City West, Touchstone and Calico Homes.
Over the past year, Metronet has seen its first million-pound month, were named as Supplier of the Year at the UKIT Industry Awards, has been the top supplier on the government’s Connection Voucher Scheme and only six weeks ago, announced that it was on track to connect 50 per cent of Manchester’s most important buildings.
