Project Neptune
Acquire this $2.6M Southwestern-based MSP with 70% recurring revenue.
Project Neptune is an opportunity to acquire a $2.6M, $821k Adjusted EBITDA (est. 2024) Managed Service Provider based in South Western, USA.
Reason for selling: The ownership team seeks the next growth stage with an acquiring company. The owner would like to continue in a sales or vCIO role.
A regional MSP with 70% recurring revenue and 30+% EBITDA margins, seeking to be acquired
Key Investment Criteria
70% recurring revenue
- Managed services focus
- Projects convert to recurring revenue
- Service offering mix between recurring and specialized networking and security offerings
Customer base in regulated markets
- Healthcare & Hospitality Clients
- Retain higher margin work based on close customer relationships
Leading provider in the fast-growing Northern NV market
Selling-in ownership team
- Trained and Certified staff
- Owner wanting to take a sales or client-facing vCIO role in acquiring firm
Retooled processes ready for profitable growth
- Delivery personnel through the Philippines allows for lower resource scaling
- Updated processes and systems in the past two years
TRANSACTION EXPECTATIONS
This is an opportunity to acquire Project Neptune in a debt-free/ cash-free transaction. A management structure is in place and the ownership is willing to continue with the acquiring firm to ensure the firm’s growth and profitability.
KEY BUSINESS LINES
Recurring Managed Services
Managed services focused on managed endpoints, help desk, managed cloud, data center infrastructure management, disaster recovery as a service, and security services billed monthly.
Project Services
Professional services focused on design, implementation, migrations, networking, and cybersecurity.
Product
Resell of technology products, including PCs & peripherals, network infrastructure, cabling hardware, perpetual software, and vendor support contracts.
REVENUE AND ADJUSTED EBITDA
About Revenue Rocket and the process for Project Neptune
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 Neptune 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 Neptune 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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