Leeds-based Bailie Group has acquired a 25% stake in S2S Group.
The minority stake in the secure IT asset disposal and data destruction firm includes a £500k investment.
This is to “propel” the company’s ambitions to become the UK’s leading ITAD (IT Asset Disposal) supplier.
Based in Rotherham, with additional offices in London and Glasgow, S2S works across the defence, finance and education sectors.
“Partnering with Bailie Group is a major milestone for us. Their experience, network, and values align perfectly with our ambitions. With their support, we’re confident we can grow faster, innovate further, and deliver even greater value to our customers,” said S2S Group’s CEO, Grant Barton.
“After a strong 2024 and a sharpened focus on electronic and remote data‑wiping, particularly in the defence sector, this investment gives us the resources and know‑how to boost our positive impact on data security and create more value for both companies.”
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S2S said the backing would accelerate its aims of achieving 21% growth this year, taking annual revenue to £5.8m.
“Bailie Group’s mission is to improve lives by sharing knowledge, and this investment marks our first foray into safeguarding information through secure data disposal. S2S are operating in a critical area where security, sustainability and innovation come together, and we’re excited to support their vision for the future,” added Fergus Bailie, CEO of Bailie Group.
“Our commitment goes beyond financing; we’re bringing the expertise, energy and strategic guidance the team needs to scale and thrive. We believe S2S has tremendous growth potential, and by combining our strengths I’m confident we can expand their market share and drive their initiatives forward.”
