DealsDirect - July 2024

DealsDirect is a consolidated listing of IT ExchangeNet clients by category. This free subscription includes blind asset profiles that are distributed on the 15th of each month. To learn more about our assets listed below, please contact us at [email protected] .

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Take a look at our consolidated listing of clients available for sale:

MANAGED SERVICES PROVIDERS (MSPs)

EX-836

The Company is an MSP focusing on the enterprise, mid-market, and SMB sectors in multiple verticals such as Biotech, Healthcare, Pharma and FinTech. With 21 FTEs, this MSP offers a comprehensive suite of services, encompassing Managed Services, Managed Security Services, cutting-edge technology solutions, compliance, and tailored professional services. The Company offers leading edge Cloud Solutions to address the long runway of digital transformation.

EX-833

The Company is a 46-year-old established leader in designing, delivering and managing mission-critical technology solutions for a diverse client base across the United States and Canada. The Company is building on their history and vast customer base products to grow renewals and deeper professional services engagements. With four decades of experience and proven track record, the legacy leadership and staff is knowledgeable and in place for new ownership.

SOFTWARE, IT SERVICES & INTEGRATION

EX-838

This well-established Company boasts a proven 15+ year track record of delivering unparalleled service and expertise in ERP, CRM and BI solutions. With a deep understanding of client requirements and strong ties in the State and Local government sector, the Company has earned a leading position as a go-to Microsoft and NetSuite partner, with a host of complimentary and niche ISV product offerings.?

EX-837

Founded 8 years ago, this Company is a digital transformation consulting firm with expertise in management consulting, technology and business architecture, process improvement, project management, and integration. The Company was named 2020 Rookie Partner of the Year leading global enterprise software company.?The Company’s services include Advisory, Transformation and Managed & Support Services.

EX-834

Founded in 2021, this Company is a trusted partner focusing on optimizing and enhancing technology solutions. The Company was awarded the 2023 Partner of the Year award from a leading global technology company. The business pioneered the first ever Solution Enablement Education (SEE) provider offering efficient solutions. High-growth is expected in 2025 and beyond anchored by exclusive multi-year contracts. Leadership and legacy are in place for a smooth ownership transition.

EX-832

The Company has developed an Employee Experience SuperApp for large geographically dispersed workforces with deskless, frontline employees. By accessing all HR systems through a single, easy to use SuperApp, employees can find what they need quickly and easily with zero training. The SaaS platform is accessible from mobile and the web, with powerful add-ons that drive communications, productivity, employee engagement and financial wellbeing. The Company has identified a significant trend that within 3 years, most companies with deskless workforces will be utilizing a SuperApp.

EX- 819 (UNDER LOI)

The Company offers cloud-based digital transformation solutions focusing on implementation, data integration, development, licensing, and general support services. These include CRM, ERP, Document and Workflow Management, Analytics and BI services, custom app-dev, and more. Their ERP offering has more than 10,000 app extensions and an active developer community. An early adopter, the Company has more than twelve years of experience directly implementing and developing cloud-based platforms and provides modernization solutions and integration roadmaps.

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BX-101

Private Equity Firm seeking VAR and MSP based in Northwest or Midwest.? The firm has expertise in managed services within data centers, managed public cloud and digital transformation.

TRANSACTION SIZE: $30-$90M VAR, $5-$30M MSP

BX-102

A Private Equity Firm interested in the GovTech, MSP and Cloud Managed industries based in the US or Canada. Revenue requirements are $20M-$100M, and EBITDA of $3M-15M.

TRANSACTION SIZE: $10-$100M

BX-103

The Company is seeking ERP enablement partners in the US. Focusing on EBITDA of $3M-$10M, Revenue of $10M-$75M Recurring Revenue >25%

TRANSACTION SIZE: $15-$75M

BX-104

This Private Equity Firm is seeking MSP and SBM companies on the East Coast. Targeting EBITDA of $600k-$3M and Revenue of $4M-$20M range.

TRANSACTION SIZE: $25-$200M

BX-105

This Strategic Buyer is seeking MSP, MSSP, ERP Support Partners, Outsourced government contractors.? For ERP Partners, prioritizing Microsoft Dynamics, Sage Intacct, Acumatica, NetSuite, SAP ecosystems $500k+ EBITDA.

TRANSACTION SIZE: $3M+

BX-106

The Company's focus is within MSP (Oracle focus), IT Consulting, Implementation and Data Market industries in the US. Seeking $2M+ EBITDA and 65%+ Recurring Revenue.

TRANSACTION SIZE: $10-$60M

BX-107

Private Equity Firm seeking MSP, Software Development, Consulting and Cybersecurity businesses in US and Canada. EBITDA $2M+ and Revenue $10M+

TRANSACTION SIZE: Variable

BX-108

Founded in the 1990s, this Strategic Buyer is seeking MSP, small-medium sized businesses. Microsoft technology focus in US. EBITDA $500k+ with 15% minimum margin and upwards of 60% Recurring Revenue

TRANSACTION SIZE: $3-$30M

BX-109

Strategic Buyer seeking MSP, MSSP, Consulting, Cybersecurity businesses in US.?EBITDA: up to $5M and Revenue: $250k-$15M

TRANSACTION SIZE: $250k-$15M

BX-110

This Strategic Buyer is seeking MSSP, Infrastructure Services and Cloud managed services. Focus on Microsoft Azure, AWS? cloud migration, app development and implementation. EBITDA: $500k-$10M, Revenue $5M-$25M

TRANSACTION SIZE: $2M-$80M

BX-111

Founded in 2022, this Private Equity firm seeks MSP, MSSP, IT services serving SMB, mid-market and SLED organizations. EBITDA: Variable

TRANSACTION SIZE: $3M-$50M

BX-112

Strategic Buyer (PE backed) seeking Microsoft Dynamics and Business Central Consultancy. Ideally 20-200 employees in US. EBITDA: Minimum of $1M, Revenue: $10M-$250M

TRANSACTION SIZE: Variable

BX-113

Strategic Buyer (PE backed) seeking MSPs, MSSPs, DaaS, focused on healthcare, legal, and financial end markets, private, public, hybrid, and on-prem cloud solutions. EBITDA: $3M-$15M for platforms, $500k+ for add-ons. Revenue: $25M-$100M for add-ons, $1-$100M for platforms.

TRANSACTION SIZE: Variable

BX-114

PE firm seeking IT-enabled companies serving the healthcare and business services sectors.?EBITDA: $1M-$20M; less than $3M for add ons. Revenue: $10M-$250M+.

TRANSACTION SIZE: Variable

BX-115

Strategic Buyer seeking US or Canada based MSPs and MSSPs with a SMB customer base. Focusing on EBITDA between $1M-$4M and revenue $4M-$25M, with a high degree of recurring revenue.

TRANSACTION SIZE: $5M-$40M

BX-116

Search Fund seeking US based MSPs, MSSPs, IT Services, ERP Support Partners with a focus on Microsoft Dynamics, NetSuite, Saas, Tech Enable Services. EBITDA: $2M-$10M.

TRANSACTION SIZE: Variable

BX-117

Strategic Buyer seeking Eastern US-based owners?tired of the backend, but want to?grow and culture?focused?leaders who care about their teams.?EBITDA:?>$1M?and revenue:?>$5M

TRANSACTION SIZE:?Variable

BX-118

Private Equity buyer seeking a MSP, MSSP, or Cloud or Compliance focused business.

TRANSACTION SIZE:?$10M-$100M?

Closed Transaction: Technology Spa sold to Buchanan Technologies

“Working with the IT ExchangeNet team was meaningful for us. In addition to their disciplined process and IT industry expertise, we witnessed our anticipated valuation double based on the buyers they identified and managed. They are leaders in the mid-market IT M&A space for a reason.” - Doug Levy , Technology Spa CEO

Deal Notes

Date of Sale: June 2024

Number of buyers: 75+

https://technologyspa

Headquartered in Cleveland, Ohio, IT ExchangeNet has more than 25 years of experience, facilitating M&A transactions in the IT Sector. We own a buyer database of more than 85,000 global mid-market IT decision-makers.

Since 1998, our firm has fostered strong and steady relationships with private equity firms and strategic buyers who seek to expand their business platforms and geographic footprint through M&A.

For more information, contact Joan Cook , Marketplace Director at [email protected] .