Ecommerce firm snapped up by private equity-backed Space 48
Lucy Roberts-Mitchell A York-based provider of ecommerce development and consultancy services has been acquired by Space 48 Ltd, a private equity-backed digital ecommerce agency.
Brave the Skies is owned by Ryan Atkins, with day-to-day operations overseen by managing director, Lucy Roberts-Mitchell. She will continue to lead the 15-person Brave the Skies division within the combined group.
Roberts-Mitchell said: “Brave the Skies and I are excited to have the opportunity to join and work alongside the Space 48 team. We share a lot of core values with Space 48, including a strong focus on crew and client experience alongside striving for excellence in our fields of ecommerce.
“I feel very privileged to be surrounded and supported by such a talented crew of individuals at Brave the Skies and with the involvement of Jon, Hannah and the Space 48 team I look forward to seeing what the future holds.”
The acquisition has been made possible by the support of regional private equity investor Foresight Group, which invested in Space 48 in February 2021.
During the last 12 months, the business has grown revenues by more than 40 per cent. The growth has come from new customers, with an improved outbound sales process, more efficient working practices and closer working relationship with platforms such as BigCommerce.
Growth has also been achieved with staff numbers increasing from 50, at investment, to 105.
Jon Woodall said: “Since Foresight came on board, our business has taken significant steps forward. Our customer offering has improved as our team has expanded and, with Brave the Skies joining us, the future is very bright.”I’ve known the brilliant Brave the Skies team for many years and I’m confident the synergies between our respective businesses will result in an enhanced service that will propel forward what can be achieved in ecommerce.”Foresight’s investment – from the North West […]
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