West coast IT Services firm generating ~$5.6M in revenue and $459K in projected EBITDA. 49% hardware and software, 22% project revenue, 17% recurring revenue and 12% other. Seller is looking retire.
Mid-Atlantic US MSP with 2023 annualized revenue of ~$1.06m and adjusted EBITDA of ~$266k. ~55% of revenue is for recurring managed services. Long-term clients in professional services industries. Almost entirely Windows & MS 365 customer base. 2 full time employees. Using ConnectWise Manage & NinjaOne. Customers on annual contracts. Seller looking to pursue other business interests.
REMOVED – Offers received and seller deciding amongst them
Established, Washington DC area IT service and support business with revenues of ~1.0m and cash flow of $0.25m. The business specializes in providing computer network services, IT/technical support (onsite & remote), and cyber security solutions.
REMOVED – No longer looking for additional buyers
Western US, server focused MSP with projected 2024 revenues of $9m and adjusted EBITDA of $1.3m.~39% recurring. Revenues from managed services, ERP & hosting solutions and business consulting. Nationwide customer base. Growing. Top 3 customers account for 34% of revenues.
Established California IT service provider with an annual revenue of ~$700K (~$270K recurring from VOIP services and additional project revenue from cabling and other services) and SDE of ~$380K. Customers on month-to-month contracts. Seller is willing to stay on with the buyer for a period of 6 months to 2 years to ensure a smooth transition. Seller is moving out of the state.
REMOVED – Seller has decided not to sell at this time
New York area MSP with projected 2024 revenue of ~$560K and gross profit of ~$267K. Company is a network integrator and managed service provider, providing design, build and integrated IT, network, IT consulting services, telecommunication (VoIP) & cell signal booster, helpdesk, staff augmentation, and cloud solutions. Annual maintenance contracts with MRR. Solid client base in the food and hospitality industry. The owner is retiring but will help in transition.
REMOVED – Under agreement
Established, IT Managed Services business with revenue of ~$800k and adjusted EBITDA of ~$390k located in Idaho. ~60% recurring revenue, no revenue or industry concentration. Revenue comes from IT managed services, project work, hosted phones, hosting services, among others. Company focuses on SMB customers. Owner looking to focus on other ventures. Three employees including the owner. IOI deadline is May 17th.
REMOVED – Under agreement
UPDATED – Updated financials.
Carve out of the MSP customers of a SOC/NOC business. As of Q3-2024, projected net income will be $56k/quarter on revenues of $230k/quarter. Separate financials are NOT available. Employees are based in Texas. Customers are mostly located in the southern USA and can be serviced remotely. Customers are in a variety of industries including hospitality, financial services, and non-profit. Seller’s strong preference is to partner with buyer where the buyer would continue to offer seller’s SOC/EMDR services to the customer base, and the seller would refer MSP business to the buyer. Seller is motivated and wants to focus on their SOC/NOC business.
REMOVED – Under agreement
Established, Connecticut based MSP with revenue of ~$300,000+ and cash flow of $100,000+ from a full service offering. ~60% of revenue from services and contracts with only a small percentage from hardware sales. Five employees, including the owner and independent contractors. Owner is retiring.
New Jersey based IT Services group of companies with combined revenues of ~$10m, ~10% recurring. The companies primarily provides mission critical IT infrastructure to their enterprise clients around the world.