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.
REMOVED – Under Agreement
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.
REMOVED – Has decided not 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 – Has decided not to sell
Established, upper Midwestern US, dedicated, cloud and colocation business with ~$7.4M in revenue and ~$2M in EBITDA. Business serves both small business and enterprise customers on multi-year, auto-renewing contracts. Seller owns two tier 3 data centers (SOC 2 Type 2, HIPPA and PCI compliant) totaling over 60,000 sq feet (40,000 sq feet unutilized space) which can be sold with the business if desired. Seller is willing to stay on if needed.
REMOVED – Under agreement
RETURNED TO THE LIST – Established digital marketing agency with revenues of ~$13.1m, cash flow of $2.4m. Company is well known for its SEO, PPC, reputation management, PR, web design, lead gen and more. Experienced mgmt and customer service. 40+ employees, no seasonality.
REMOVED – No longer available
Established, west coast IT consulting & security firm with TTM revenues of ~$7.7m and adjusted income of ~$850k. Mostly recurring revenue. 30+ employees many have been with the company for 20+ years. Founder is looking to exit.
REMOVED – Lack of interest
Midwestern US sales and service provider of new and pre-owned computer equipment. 2022 revenues of ~$7.8m & EBITDA of ~$250k. Business includes sale of servers, storage, networking, and data center hardware, to SMB and large business markets. Company also offers a full range of post-warranty maintenance solutions (OEM, 3rd party, on-site spares, and next-day depot service) and asset disposition. During 2021, revenue breakdown was from new hardware (57%), used hardware (18%) and maintenance/services (25%).
REMOVED – Under Agreement
Updated: Seller willing to carry a 30% seller note.
Established, Midwestern IT Consulting business with annual revenues of ~$9.0 million and growing. Company offers a variety of Managed Services including server architecture, VOIP solutions, network design, hosting, etc. 9 employees. Projected CF margins for 2022 of ~20%. Owner will stay on to help transition the business if desired.
REMOVED – Past IOI deadline
UPDATED – No longer accepting new buyer groups at this point.
RETURNED TO LIST, BUYER FAILED TO CLOSE, UPDATED – Established, growing East coast MSP with 2022 annualized revenues of ~$8.9m and $1.0m in adjusted EBITDA. ~92% recurring revenue from primarily commercial customers but also some education and government. Leased office space, 10 employees, no customer concentration. Services include an emphasis on managed cloud services as well digital transformation email, UCaaS, security and compliance.
REMOVED
West coast UCaaS, Cloud, SDWAN, and Colo service provider generating $5.4M revenue in 2020 (90% recurring) with $1.7M in adjusted EBITDA from 546 customers with an avg tenure of 9 years. Company engages with new customers via 3 year contracts. Mitel, Bigleaf, Citrix. Seller looking to retire.