US technology company buyer Evergreen has acquired three more UK MSPs, following the previous acquisitions of The Final Step and Digital Origin last year.
It has now captured ITBuilder, Certum and CIS. The three MSPs will continue to operate independently as part of Lyra Technology Group, Evergreen’s portfolio of managed IT service providers.
After expanding into the UK last year, the acquisitions “reflect Evergreen’s relentless dedication to growing the MSP community through thoughtful, strategic acquisitions that prioritize long-term value over short-term gains”, said Evergreen.
ITBuilder is a Hertfordshire-based MSP. “We quickly saw Evergreen’s unique value in supporting our company while preserving our culture and strategic goals. Following just a few meetings, it was clear Evergreen was the right partner, and the deal came together smoothly,” said James Naylor, managing director of ITBuilder.
“Being part of a larger organisation has brought exciting opportunities, and we’d highly recommend Evergreen to any MSP looking for professional backing to secure and grow their business,” he added.
Glasgow-based Certum provides unified support solutions and employs over 40 experts. “From our first meeting with Evergreen, we were immediately confident in their people-centric approach and commitment to embracing and building on our business values for the long term,” said Francis de la Torre, director at Certum.
“A follow up face-to-face meeting further strengthened the relationship, allowing for open and honest conversations that laid a solid foundation for a successful acquisition.”
Founded in 1989, CIS provides IT support, cybersecurity solutions, cloud solutions and data backup services. The MSP grew from a single founder to approximately 30 employees, and, in that time, has expanded to the US, Australia, Asia and mainland Europe.
Evergreen maintains a “decentralised, forever-hold model”. “We’re the only MSP acquirer in the UK that promises to never sell your business or roll it into a centralised platform. Our decentralised approach ensures each business maintains its autonomy while benefiting from our resources and expertise,” said Isobelle Coventry, M&A professional at San-Francisco-headquartered Evergreen.
“By fostering internal succession - empowering long-time leaders to step up and founders to continue running their businesses - we ensure continuity and preserve the unique culture that defines each company.”
