Evergreen Continues MSP Acquisition Push in UK: Update

This week, Evergreen, the private equity firm known for its buy-and-hold strategy, made waves by acquiring three more UK-based MSPs in the fourth quarter of 2024. These new additions – ITBuilder, Certum, and CIS Ltd. – will join Evergreen’s growing portfolio of UK MSPs, managed by Lyra Technology Group. While the financial details of these transactions were not disclosed, it’s evident that Evergreen is expanding its presence in the UK market, with these three companies joining The Final Step and Digital Origin, which were acquired in 2023.

Evergreen has been strategically acquiring MSPs for almost seven years, establishing itself as a key player in the industry. Just last month, Evergreen made headlines with its purchase of the global consultancy CT Group in Australia, marking its eighth MSP acquisition. The CT Group specializes in research, intelligence, campaigns, and advisory services, all of which will now fall under the management of Lyra Technology Group. Evergreen’s acquisition strategy is clear: to provide a stable, permanent home for businesses seeking growth and security.

In other news, the managed service provider market has seen significant changes in 2024. The top stories of the year include the VMware/Broadcom partner saga, MSP liability in data breaches, the CrowdStrike outage, and Kaseya’s pricing changes. Additionally, a surprise private equity purchase of CompTIA, Oracle pricing adjustments, and Canalys’ top 5 predictions rounded out the year.

For MSPs looking to grow through mergers and acquisitions, there is valuable advice available. Private equity firms have been active in the market, but other MSPs are also looking to acquire talent, expand their client base, and enter new markets. Are you considering acquiring another MSP? If so, make sure your reasons are sound, and be prepared for the challenges that may arise along the way.

Overall, it’s an exciting time in the managed services market, with opportunities for growth, collaboration, and innovation. Stay tuned for more updates and insights as the industry continues to evolve.