Leading Australian IT Managed Service Provider

0
(0)

Sydney 2000 Sydney, New South Wales, Australia

33 226
$54,000,000
33502278
17 days ago

Highlights

  •  Long-term Contracts
  •  Low Staff Turnover
  •  Proven Established Management Team
  •  Unique Niche Solution Capabilities

Overview

An opportunity to own a leading Australian IT Managed Service Provider (IT MSP) that has secured contracts with mid-market and government clients. The company provides vendor-agnostic solutions while partnering with top-tier hardware and software vendors to offer hybrid managed service solutions to its clients. 

Founded in August 2013, the company has grown to 90 employees with offices in almost every major city in Australia including Sydney, Melbourne, Canberra and Brisbane.

Asking Price: $44,200,000

FY 2021 

Revenue: $50,000,000 

EBITDA: $9,000,000

Key Highlights:

  • Long-term contracts. The average contract is between three to seven years.
  • Low staff turnover. 50% of employees have been with the company for over ten years.
  • Proven management team. The team has proven ability to integrate acquisitions into the business and turnaround loss-making telco/IT businesses into profitable profit centres. The team is happy to stay on if needed by the owner.
  • Unique niche solutions capabilities. The correctional services, healthcare and unified communications vertices areas have demonstrated client acquisition and retention and continue to see strong organic growth opportunities.
  • Well-known clients. The company's key clients are household names. They have also secured government contracts.
  • Bolstered growth with IP acquisitions in key solutions areas. Currently, the company is courting 4 small acquisitions to leverage its client base.

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