Project Orchard

Project Orchard - Revenue Rocket
Sell-side M&A
Project Orchard
Project Orchard

Apple Enterprise Technology Platform

An Apple-focused enterprise technology firm delivering hardware resale, managed services, and endpoint management from the Northeast United States

Founded 1997 Geography Northeast U.S. End markets Pharma · Prof. Services · Veterinary Employees 10 (8 FT + 2 PT)
Revenue
$13.8M
TTM Apr 2026
Adj. EBITDA
$1.6M
11.7% margin · TTM
Apple Partner Tier
Top Tier
Ultra-exclusive national designation
Operating History
25+ yrs
Founded 1997

A rare Apple ecosystem platform built over 25 years

The Company is a Northeast U.S.-based Apple enterprise technology firm holding one of the most exclusive channel partner designations in the Apple ecosystem, a tier reserved for a select handful of firms nationally. This status provides preferred pricing, priority supply allocation, and direct manufacturer co-selling support that cannot be replicated without Apple's approval.

Over 25+ years, the Company has built an integrated platform spanning Apple hardware resale, enterprise deployment, endpoint management, and fully managed IT services, serving Fortune 500 pharmaceutical companies, professional services firms, and mid-market enterprises with deep operational integration into mission-critical workflows.

Revenue is built on multi-decade client relationships and a technical reputation earned through complex, regulated-environment deployments. A 10-person team generates $13.8M in trailing revenue with an automation-first operating model. The shareholders are exploring strategic alternatives, including a full sale of the business.

Three capabilities under one roof

Hardware & Lifecycle

Apple product resale at exclusive partner pricing with priority allocation. Full ITAD/trade-in and device refresh management through established supply chain partners. Over $11M in annual product revenue.

Managed Services

Endpoint management, MDM administration, patch compliance, scripting automation, and L3 support. $2M+ annual recurring revenue and growing. The automation-first platform could absorb a doubling of managed endpoints with one additional hire.

Deployment & Consulting

Zero-touch provisioning, DEP enrollment, fleet configuration, and custom Apple platform integrations. Deep enterprise deployment expertise in regulated environments including pharmaceutical and financial services.

Revenue by segment & adjusted EBITDA

Revenue by Segment & Adjusted EBITDA ($M)
Product Resell MSP Adjusted EBITDA
$0M $4M $8M $12M $16M $0M $0.5M $1.0M $1.5M 2023 2024 2025 2026 TTM-Apr $12.3M $11.8M $12.9M $13.8M $1.3M $1.2M $1.6M $1.6M
Calendar year basis. Geography: Northeast United States. Product Resell includes hardware, ITAD/trade-in, and manufacturer rebate revenue. MSP represents recurring managed services revenue.

Three forces converging on Apple enterprise adoption

The largest enterprise platform migration in a decade

Mac share of U.S. enterprise endpoints is growing at 11%+ YoY while the total PC market grows roughly 3%. Windows 10 end-of-life (October 2025) is accelerating enterprise migration to Apple platforms. Every device switching creates hardware, deployment, and ongoing management revenue.

Channel scarcity as a structural moat

The Company holds a partner designation reserved for a select handful of firms nationally. This status cannot be purchased or fast-tracked. It is earned through years of volume, compliance, and operational performance. For an acquirer, this designation is a non-replicable asset that transfers with manufacturer approval.

Recurring revenue compounding on the installed base

Every device deployed creates an ongoing management and compliance revenue stream. As the managed endpoint base grows, recurring revenue compounds without proportional headcount. The Company's automation-first platform is the operating leverage mechanism.

Key investment highlights

Ultra-exclusive Apple partner designation that cannot be replicated

The Company holds one of the most exclusive channel partner designations in the Apple ecosystem, reserved for a select handful of firms nationally. This status delivers preferred pricing, priority supply allocation, and $500K+ in annual manufacturer rebates. The designation is earned over years of performance and is transferable with manufacturer approval.

Structural demand from the largest enterprise platform migration in a decade

Mac share of U.S. enterprise endpoints growing at 11%+ YoY while total PC market grows ~3%. Windows 10 end-of-life (October 2025) is accelerating enterprise migration to Apple platforms. Every device switching creates hardware, deployment, and ongoing management revenue.

Quantified services upside across 100+ hardware-only customers

The Company generates approximately $0.30 of services per $1 of hardware versus a $2.00 general channel benchmark. Over 100 existing hardware-only customers represent ~$2.1M in latent managed services revenue activatable under new ownership with commercial resources.

Fortune 500 anchor account with deep operational integration

The anchor client relationship spans nearly a decade of embedded operational work: badged facility access, daily participation in engineering meetings, and purpose-built Mac infrastructure. Recent corporate spin-offs from the anchor have generated incremental revenue streams, demonstrating the compounding nature of the relationship.

~$1M+ revenue per FTE with automation-first operating model

A 10-person team (8 FT + 2 PT) operating ~$13.8M in revenue. The managed services platform is automation-first with scripted compliance and patch workflows. Management estimates the platform could absorb a doubling of managed endpoints with one additional hire.

Adj. EBITDA expanding as recurring revenue mix grows

Adjusted EBITDA has grown from $1.2M in 2024 to $1.6M TTM, driven by managed services growth and operating leverage. Recurring monthly services revenue now exceeds $2M annually and is the fastest-growing segment. EBITDA margin has expanded from 10.0% to 11.7% on a normalised basis.

Process and next steps

Transaction expectations

The shareholders are seeking a full sale of the business. The operating partners are willing to remain through a transition period to ensure continuity of client relationships and Apple partner status.

Process overview

Revenue Rocket Consulting Group is advising the shareholders and managing a structured engagement process. Interested parties are invited to schedule a brief introductory call with the deal team to discuss strategic fit and walk through the process. Qualified buyers will then be invited to execute a non-disclosure agreement and access the Confidential Information Memorandum and supporting financial materials.

Explore strategic fit with the deal team

To learn more about Project Orchard and explore strategic fit, schedule a brief introductory call with the Revenue Rocket deal team using the calendar below, or fill out the form to have someone reach out to you directly.

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