REMOVED – Seller believes it has a sufficient buyer pool MSP
Established Midwestern US MSP specializing in managed and professional network service capabilities (SD-WAN, SASE, NaaS and network automation, security and network design), 60% recurring and 40% from project work. ~$7M in revenue and adjusted EBTIDA of ~$1,000,000. 13 employees who would stay on. IOIs due Oct. 20th and LOIs 10/31.
Established Western Canadian MSP with 2023 revenues projected at ~CAD$6m and EBITDA of ~CAD$500k with recurring revenue from licensing, printing and services. Most of the revenue comes from hardware and licensing sales. 9 employees willing to stay on and owner is willing to stay depending on the offer.
Western Canadian MSP with trailing twelve month (TTM) revenue of CAD$2.7M as of June 2023 and EBTIDA of CAD$531K. Revenue breakdown: Managed IT Services (12%), consulting, cyber security and data protection (31%), VOIP, internet installation and hosting (14%), equipment and software sales (30%), and other (13%). ~50% of revenue is recurring. Customers are on annual contracts. Employees are expected to transition to buyer. Owners are looking to pursue other interests however they are willing to stay on for up a year to provide transition support.
Established, Southern US MSP with $470k in annual revenue and adjusted EBITDA of $146K in 2022. Industries served include medical, legal, non-profit, oilfield, and engineering. Using N-able for an RMM and ConnectWise for a PSA. One tier 1 tech is expected to stay on and the owner is willing to assist in the transition. Owner is motivated to sell.
Established Midwestern US MSP/MSSP with ~$9.4mm in annualized revenue (72% recurring.) Specializing in Managed IT, Cybersecurity, and Cloud Services. Datto Blue Diamond Partner, Dell Partner, Microsoft Partner. 46 employees working out of a single office. Largest customer is 4.2% of revenue. In-house help desk, high customer retention (~94%) and high employee retention. Numerous local awards.
REMOVED – Bid due date passed
Southwestern US MSP with annualized revenue of ~$2m and EBITDA of ~$440k from ~35 customers. ~50% recurring revenue. Provides a full suite of onsite and remote support, off-site backup, and cybersecurity services to SMBs. 6 FTEs. IOIs due on 9/29/2023.
REMOVED – Under agreement
US east coast MSP with 2023 revenues projected at ~$4.3m and EBITDA of ~$1.6m. Business focused on the IBM i platform and applications. Most services provided under three-year contracts. Experienced team of 20 IT professionals. Sellers may remain with buyer if desired.
Established South Central US MSP, consulting and computer repair company with annual revenue of ~$600K (56% recurring) and projected 2023 EBITDA of ~$124K. Large client base. Recurring customers are on contracts. All employees are expected to stay with the company. Owner is ready to retire.
UPDATED – Established, growing UK MSP, cybersecurity and software developer with annual revenues of ~$800k and cash flow of ~$250k. 50% recurring. Average customer life of 10+ years. Services include cyber security, cloud support services, web and mobile app development, marketing (organic and paid), general data protection (GDPR), and 24/7 IT support. Customer focus in UK financial services but no customer concentration. (Based in the UK but we understand it can be run from the US.)
REMOVED – Reviewing offers
Established eastern US MSP with 2023 estimated revenues at ~$1.8m and adjusted EBITDA of $0.5m. 70+% recurring revenue. Products include managed services, data security services and cloud solutions. 10 employees. Focused on healthcare, local government, manufacturing, auto dealerships, & insurance verticals.