Leading national MSP announces three more acquisitions, totaling 19 over the last 15 months
PLANO, Texas, April 4, 2023 /PRNewswire-PRWeb/ -- The 20 MSP, a leading managed service provider with offices nationwide, today announced the completion of three more MSP acquisitions, the latest moves in the company's multi-year growth plan. The 20's M&A spree began last year with thirteen acquisitions, and has continued in 2023 with six deals closed.
The three companies joining The 20 are UNI Computers (Kansas), CyberSecure IT Solutions (Florida), and The Computing Edge (Oklahoma).
As members of The 20 MSP's growth platform, all three MSPs achieved impressive, year-after-year growth, evolving into regional leaders with demonstrated excellence in delivering successful outcomes to clients. The 20's leadership team is excited to collaborate with these high-performing MSPS to bring clients with a host of cutting-edge solutions, along with enhanced support.
"Since joining our group, UNI Computers, CyberSecure IT Solutions, and The Computing Edge have been exemplary in everything that they do," said Tim Conkle, CEO of The 20. "All three have passionate and capable leadership who've built tremendous teams who understand what managed IT services are all about – helping clients win. It's an understatement to say we're feeling confident that our new team members are going to help us bring second-to-none IT support to clients at a national scale," Conkle added.
These latest acquisitions deepen The 20's rapidly expanding national footprint, broaden the range of its service offerings, and strengthen its expertise in a variety of areas, including cloud solutions, cybersecurity, IT consulting, and business continuity.
M&A activity continues to sweep through the MSP space, and 2023 is proving to be another year of vigorous deal-making. Private equity investment is a driving force behind this trend, but The 20 MSP has taken a different approach, opting for self-funding instead of private equity funding.
Another notable aspect of The 20's M&A strategy is the role of The 20 MSP Group, the company's growth platform for small and medium-sized MSPs looking for better ways to grow and scale. The group, with its 170+ members, provides The 20 MSP with a steady stream of acquisition candidates.
"We're exclusively acquiring MSPs that belong to our group because these are companies who have signed on to our way of doing things," explained Conkle. "Risk is low in that we not only know how these MSPs work from an operational and technical standpoint, but from a cultural standpoint as well. And while our acquisition process is a well-oiled machine – relatively seamless and minimally disruptive to clients – every MSP we acquire brings something new and special to the table. We're getting bigger, better, smarter, and faster – and we're not slowing down anytime soon."
Pinecrest Capital Partners served as the exclusive financial advisor to The 20 MSP on the acquisitions 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
About The 20
The 20 is an exclusive consortium for Managed Service Providers (MSP) aimed at dominating and revolutionizing the IT industry with its standardized all-in-one approach. The 20's robust RMM, PSA, and documentation platform ensures superior service for its MSPs' clients utilizing their completely US-based Help Desk and Network Operations Center. Extending beyond proven tools and processes, The 20 touts a proven sales model, a community of industry-leading MSPs, and ultimate scalability. To learn more, visit the20.com
Media Contact
Crystal Conkle, The 20, 9724610880, [email protected]
SOURCE The 20 MSP
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