Project Black Sparrow
Project Black Sparrow is a unique opportunity to acquire a leading IT Managed Service Provider in the Western
United States, with headquarters in the Pacific Northwest, generating $19M revenue and $3.8M EBITDA in
2023 with projections of $20.5M revenue and $4.4M EBITDA in 2024.
Project Black Sparrow is an ideal candidate as an MSP platform for growth
Over 2000 clients, 90 employees, and 72% recurring revenue. Key investment criteria includes:
Unique Large Scale Managed Service Provider
- $20M in 2024 evenue with consistent 20%+ EBITDA margins
- Geographic leader in the West and Midwest US
Minimal Customer Concentration Risks
- 2000+ billing customers across the Western US, with 250 managed IT clients
- No customer is more than 2.5% of total revenue
Proven acquisition experience paired with in-organic growth
- Strong sales and marketing with proven methodologies
- Proven acquisition experience for platform investment potential
Strong efficiencies with a global workforce
- NOC, delivery, and back-office support from Manilla, Philippines, from a wholly–owned subsidiary
- Embracing remote work and reducing offices
- Enterprise financial and operational systems
- 90 tenured staff with an average of 7+ years working at the firm and a collective 690+ years of experience at the firm
In-Demand, high-value services
- Cybersecurity
- Managed IT & Cloud
- Networking, VoIP, and Carrier Services
TRANSACTION EXPECTATIONS
This is an opportunity to acquire Project Black Sparrow in a debt-free/cash-free transaction. The current ownership has held this investment for 19 years and seeks to diversify financial holdings while seeking a financial or strategic buyer. A strong management structure is in place for each practice area, and the ownership is willing to continue with the acquiring firm and roll equity as desired to ensure the firm’s growth and profitability.
KEY BUSINESS LINES
Project Black Sparrow’s capabilities include:
IT Managed Services:
- IT support: 24/7 service desk
- Dedicated vCIO
- Network & Server Management
- Hardware & software resell
Cybersecurity:
- Threat Management
- Compliance
- End-user security training
- Remediation & defense
Managed Cloud:
- Private cloud offerings
- Hybrid cloud strategy development
VoIP & Carrier Services
- Unified Communication and hosted VoIP Solutions
- Carrier services with 200+ carrier providers
Professional Services
- IT Consulting
- Project management & delivery
REVENUE BY CATEGORY
About Revenue Rocket and the process for Project Black Sparrow
For more than two decades, Revenue Rocket has been dedicated to assisting IT service companies in both selling their business and expanding through mergers and acquisitions. As experts in the field, we understand what it takes for businesses in this rapidly evolving tech services industry to succeed. Because each company has unique needs and goals, we offer a customized program tailored to your firm’s specific requirements.
Look at our current deals to get a sense of the esteemed businesses we currently represent.
If Project Black Sparrow is of interest to your firm, here’s how the process will begin:
First, we’ll schedule an introductory call with Revenue Rocket to understand your firm and M&A goals. Following this call, we will establish a non-disclosure agreement (NDA) to ensure that sensitive information remains secure. Once the NDA is in place, we will provide you with a confidential information memorandum (CIM) with more detailed information.
After sharing the CIM and learning more, we will also introduce you to the Project Black Sparrow leadership team through an introduction meeting, putting you in touch with the team responsible for making this project a reality.
With our extensive expertise and proven track record in the IT service industry, we are confident that we can help your firm achieve its goals and reach new heights of success. Please reach out today to get started.
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