- MSP Specialist Evergreen Continues its MSP Acquisition Push in UK
- Top 10 Most Read ChannelE2E Stories of 2024
- M&A Talk: Advice for MSPs Ready to Acquire Other MSPs
Each week, MSSP Alert compiles a list of the top stories in the managed services market from our affiliate brand, ChannelE2E. These stories include vendor news, business stories, how-to content about building and selling your business, news about trends such as artificial intelligence, and more. Here’s this week’s round-up of news from ChannelE2E.
MSP Specialist Evergreen Continues its MSP Acquisition Push in UK
Evergreen, the private equity firm that bills itself as a permanent home for MSP businesses under a buy-and-hold strategy, acquired three more UK-based MSPs in Q4 2024 that will be added to its UK MSP holdings that it began buying in 2023.
The latest three acquired MSPs – ITBuilder, Certum and CIS Ltd. – will be operated independently and managed by Evergreen’s MSP arm, Lyra Technology Group. Financial details of the transactions were not disclosed. Lyra operates Evergreen’s portfolio of managed IT services providers.
The ITBuilder, Certum, and CIS Ltd. acquisitions will bring Evergreen’s MSP holdings in the UK to five companies, including its previous purchases of The Final Step and Digital Origin in 2023.
Evergreen emerged in 2024 as a prominent player in the MSP sector after strategically acquiring MSPs for nearly seven years, according to earlier ChannelE2E reports. Earlier in December 2024, the private equity firm acquired its eighth MSP in Australia when it announced the purchase of the global consultancy CT Group. The CT Group, which provides expertise in research, intelligence, campaigns, and advisory services, will also be managed by Evergreen’s Lyra Technology Group. Evergreen says its acquisition strategy is rooted in its commitment to providing a stable, permanent home for businesses.
Top 10 Most Read ChannelE2E Stories of 2024
The managed service provider market has undergone many shifts over the last decade, and this year has been a particularly game-changing. We took a look at our analytics to see which stories most captured your attention in 2024, and the results are in.
The VMware/Broadcom partner saga has been top of mind for MSPs. MSP liability in data breaches was another hot topic that grabbed your attention this year.
The CrowdStrike outage caused a lot of pain, and our story about whether CrowdStrike would have to pay up in liability claims was popular.
We also tracked Kaseya's potentially market disrupting price changes this year. Round all that out with a surprise private equity purchase of CompTIA, some Oracle pricing changes and Canalys' top 5 predictions.
M and A Talk: Advice for MSPs Ready to Acquire Other MSPs
Mergers and acquisitions in the managed service provider market have been a hot topic now for the past several years. There's been a deal frenzy as private equity has jumped into the market. But another likely buyer of MSPs are other MSPs.
These are companies that are looking to expand their talent, their book of business, their geographic reach, their vertical markets and more. Are you one of them? And if you are, are you pursuing these opportunities for the right reasons?
ChannelE2E met up again with the experts at Cogent Growth Partners to get a feel for these kinds of deals. What are the best practices of acquisitive MSPs? How are these deals funded? What are some of the stumbling blocks along the way?
Check out our video interview with Rick Murphy, Bruce Teichman and George Sierchio for their expert advice around these important questions.
