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78% Recurring Revenue Managed IT Services Provider

North Carolina
    • Asking PriceNot Set
    • Revenue$2,698,610
    • Adj. EBITDA$1,102,220
    • Inventory$58,014
    • FF&E$339,624
    • Established1998
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CONTACT THE BROKER

Jonah P- Reduced
Jonah Pollone
919-263-2550

Business Description

NOTES:

• Due to the high volume of interest, we are only accepting inquiries from managed service providers backed by private equity.
• Virtual Data Room (VDR) access was granted to buyer candidates who completed the Non-Disclosure Agreement on February 2nd. Indications of Interest are due on February 19th, 2024.

This leading Managed Service Provider (MSP) is a rare acquisition target based in one of the fastest-growing regions of North Carolina. Established over 30 years ago, this business offers strategic acquirers backed by private equity the opportunity to capture one of North Carolina’s leading IT Service companies.

Opportunity Highlights:

- All revenue derived from contracted customers
- 78% of revenue stream is Recurring
- 83% of customers have a 2+ year tenure with company
- Several upsell opportunities for strategic acquirers
- Experienced management team
- Owner willing to stay on with acquirer longer than customary transition period
- Systems and processes in place to ensure future success of operations
- Largest privately-held MSP in its market area
- Located in rapidly-growing North Carolina region
- Company utilizes ServiceDesk Plus, QuickBooks Online, Ubiquity, among many other well-implemented tools

Pricing expectations intentionally not set. Controlled auction process with dates to be set after initial interest determined. Strategic buyers with the ability to see synergistic value as well as intrinsic value strongly preferred.

Confidential listing. To learn more about this remarkable opportunity, please complete our application process to access the detailed CIM and view our comprehensive marketing video.
GROWTH & EXPANSION

The company is ready to grow to the next level under new ownership. Plenty of areas for growth exist, including many potential upsells, geographic expansion, and cross selling.

Competition

Company is largest privately-held MSP in its market. Reputation and history of high level of service and customer satisfaction contribute to a dominant position over local competitors. 

Support & Training

Owner open to staying on for a significant period of time manage operations and assist with transition. 

Reason for Selling

Owner looking to eventually retire over the next several years and is open to rolling a minority of transaction value as equity. 

Anderson Air Success Story

Success Story: Anderson Air - Wilmington NC

Seeking growth, Anderson turned to MidStreet Mergers & Acquisitions for their expertise in finding the perfect partner and local knowledge. Led by M&A Advisor Jonah Pollone, the MidStreet team conducted a comprehensive evaluation and outreach process to find a compatible partner in business models, corporate culture, and long-term goals.
See Their Story