Acuity advises Elevate Group on its sale of ClearFibre to Ask4

Elevate is a B2B focused UK-based digital infrastructure company and its ClearFibre business is a leading broadband provider serving the UK Build-to-Rent (BtR) market. ClearFibre is recognised for its agile service delivery, resident-first approach, and trusted relationships with leading property management firms.

ASK4 is a market-leading managed service provider of high-speed Internet, WiFi, and managed IT services for multi-tenant buildings. With 25 years of experience, ASK4 supports building owners, operators and residents in the UK and across 11 European countries, delivering high performing connectivity to over 350,000 end-user customers every day.

The deal allows Elevate to further focus on delivering reliable, high-performance connectivity and managed services to business customers throughout the UK.

The acquisition marks the first since GI Partners’ ownership and strengthens ASK4’s ability to support the Build-to-Rent sector with deeper expertise, enhanced networks for critical building systems and an unwavering focus on resident experience.

Chris Baldock, Chairman of Elevate Group said:

“The Acuity team did an exceptional job and worked tirelessly, handling any issues that came up and they were always on hand. Their sector expertise, deep market relationships, and strategic guidance were key to delivering a successful transaction. We are delighted to be working with the ASK4 team in the transition of our BtR network and its customers, providing a seamless migration over the coming months into the ASK4 family.”

Chris Coulton, Deputy Head of Portfolio, Sustainable Infrastructure, at Gresham House said:

“It’s been a pleasure working with the Acuity team who we appointed to support us in sourcing, evaluating and executing the best possible transaction and we are delighted with the outcome. The Acuity team showed great sector insight and commitment to the process, as well as providing valuable commercial advice. They were heavily involved throughout the process to make sure the deal was progressed to a successful outcome.”

Marcus Allchurch, Managing Partner at Acuity said:

“I am delighted that Acuity has successfully concluded the sale of ClearFibre to ASK4. This is a great transaction for both parties and enables the fantastic team at Elevate to focus on its core B2B operations. This transaction is further evidence of Acuity’s leading position as the go-to advisor for mid-market businesses across the Telecoms, Cloud and Managed Services sector.”