Project Raven is a well-established cloud hosting provider backed by private equity with a proven track record of successfully integrating acquisitions.
Project Raven
Project Raven is a cloud service provider based Southern USA providing its customers desktop-as-a-service and cloud application hosting. The firm aims to broaden their service offerings, expand their client base, and enhance their capabilities to deliver complete MSP services and expand their desktop and cloud hosting applications. They’ve completed six deals over the past several years and are looking for their next, with Revenue Rocket’s help.
Ideally, you’d be a desktop hosting provider, cloud hosting provider, or MSP with $5-10M in revenue that is running profitably and wants to be part of something bigger
Who we are looking for:
Geography
United States or Canada
Ideally lower 48 states
Revenue & EBITDA Range
$3-15M in revenue
$500K-3M in EBITDA
60-70% recurring revenue
Culture
Open to remote workers
Growth Focused
Industry Expertise
Technology
Desktop as a Service
Application hosting companies
Traditional MSPs
CONSIDERATIONS FOR MERGING WITH PROJECT RAVEN:
Accelerated Growth and Expansion
- Leverage Financial and Operational Resources: With private equity backing and a strategic focus, you can accelerate the growth of the target firm, supporting larger-scale projects and expanding market reach more quickly.
- Expand Client Offerings: Joining forces with an established cloud hosting provider allows the target firm to provide clients with more comprehensive, value-added services, including desktop hosting and application hosting.
Enhanced Market Competitiveness
- Economies of Scale: By joining an established entity, firms can access cost efficiencies, competitive pricing, and better vendor terms, enhancing profitability.
- Increased R&D Capacity: Access to more significant resources for technology investments, enhancing their ability to stay at the forefront of cloud and hosting solutions innovation.
Career and Financial Outcomes for Leaders and Employees
- Leadership Retention or Transition Options: Flexible exit or retention paths for CEOs and management, whether they wish to remain post-acquisition or transition out smoothly.
- Attractive Financial Outcomes: Potential for lucrative exit terms, including equity rollovers, allowing you to maintain interest in future growth.
Opportunities for Employees
- Career Growth Paths: Integration with a larger organization can provide new career development paths, more diverse roles, and employee skills enhancement.
- Enhanced Benefits: A larger company can offer a more robust benefits package and job security, which can aid employee retention.
Market Resilience and Stability
- Financial Stability: Being part of a firm backed by private equity funding and proven strategic execution provides stability during market shifts and a buffer against economic downturns.
- Future M&A Growth Strategy: Potentially becoming part of an acquisitive platform focused on consolidating the market, which can lead to further growth and opportunities for cross-selling and up-selling.
- Taking some chips off the table now can help de-risk your current investment in your company.
Access to Broader Networks and Client Bases
- Established Client Base: The opportunity to tap into your client’s existing customer network and reputation, enhancing customer acquisition and market penetration.
- Strategic Partnerships: Integration into a broader partner ecosystem, which can open doors to new alliances, partnerships, and larger enterprise client contracts.
THE BUYER: A highly successful cloud service provider.
- Funded by a PE firm that recently raised its sixth fund focused on IT services
- A successful and growing, backed by PE, and capable of getting deals done
- Allows MSPs to layer in cloud hosting applications for clients, broadening offerings and revenue potential
About Revenue Rocket and the process for Project Raven
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 Raven 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.
After signing the NDA and learning more, we will introduce you to the Project Raven 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.
Revenue Rocket is evaluating firms for this mandate today. Please let us know below if you’d like to learn more: