Entrepreneur acquires Yorkshire technology firm

Stephen Chapman's picture

SBL has been acquired by Glebe Holdings Ltd, the investment company owned by entrepreneur, Phil Doye.

It will take 100% ownership of the firm and provide additional funding to “enable growth, both organically and through acquisition.”

Doye founded Kelway, one of the country’s largest IT solutions and services and was CEO for 25 years, before it was acquired by tech giant, CDWD in 2015.

“SBL has built an impressive set of customers on the foundations of long-term relationships, strong technical skills and a reputation for integrity,” he said.

"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.”

SBL’s CEO, Dennis Hoban approached Doye directly to provide the “ambition and expertise” to take the company into its next stage of growth. Hoban and Financial Director, Bryn Roberts will leave the company, however, the senior management team of Paul Jenkins, Scott Cattaneo and Tracie Barrow have been appointed as directors.

“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,” continued Doye, who becomes CEO of SBL.

SBL was founded in York in 1987.