Leading national MSP announces 16th acquisition in fourteen months
PLANO, Texas, March 9, 2023 /PRNewswire-PRWeb/ -- The 20 MSP, a leading managed service provider with offices nationwide, today announced its acquisition of Integrated Technology Services, an industry-leading MSP headquartered in Charleston, SC. The deal is The 20's third of 2023, and continues The 20's M&A spree which began last year with thirteen MSP acquisitions.
As a member of The 20's business development group, The 20 MSP Group, Integrated Technology Services (ITS) achieved consistent growth and success across a spectrum of industry verticals. Their consummate professionalism, client-first mentality, and top-notch team allowed ITS to establish itself as a leading MSP in the Charleston area, and The 20's leadership team is confident that their new team members are ready to make the transition to service delivery on a national scale.
"ITS is a terrific organization that has, from day one, been wholly committed to growth, client satisfaction, and doing things the right way," said Tim Conkle, CEO of The 20. "They've built a stellar team that understands what it takes to succeed in our competitive industry. Adding the ITS team to The 20 is going to give us a boost in terms of expertise and resources, and help us continue providing clients with the highest quality IT support available."
This latest acquisition by The 20 deepens the company's rapidly expanding national footprint, broadens the range of its service offerings, and strengthens its expertise in a variety of areas, including cloud solutions and cybersecurity.
The 20's aggressive M&A strategy is fueled by The 20 MSP Group, which develops small and medium-sized MSPs into operationally mature companies. Acquiring MSPs that belong to the group allows The 20 MSP to close deals quickly and with minimal disruption to end clients.
"This roll-up isn't slowing down any time soon," said Conkle. "We have a lot of MSPs ready to join The 20 family, and these are companies we know well. The synergies are in place, the cultural compatibility is there, and because the MSPs we're acquiring already use The 20's tools and processes, integration is a breeze. Look out for more deals in the coming months as we continue to grow and cement our status as the leading national MSP."
Pinecrest Capital Partners served as the exclusive financial advisor to The 20 MSP on the acquisition and associated financing.
About The 20 MSP
The 20 MSP has been helping businesses succeed through better technology since 1986. As a leading provider of managed IT services, The 20 MSP serves hundreds of businesses nationwide, providing each one with white glove service, secure and streamlined IT infrastructure, and 24/7/365 support. We believe in building lasting relationships with clients founded on trust, communication, and the delivery of high-value services for a fair and predictable price. Our clients' success is our success, and we are committed to helping each and every organization we serve leverage technology to secure a competitive advantage and achieve new growth. To learn more, visit the20msp.com
Media Contact
Crystal Conkle, The 20, 9724610880, [email protected]
SOURCE The 20
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