We’re sourcing IT/MSP (Managed Services Provider) businesses for our client in Toronto, Canada to acquire for its portfolio. The Buyer client is an IT Services company.

We have found and are negotiating the first target acquisition in Ottawa, Canada.

Acquisition criteria:

– $500K to $3M Annual Revenues

– Gross Profit over 30%

– At least 10% Net Profit

– Monthly Recurring Revenue: at least 40% of Total Revenue

– Client Retention Rate: at least 80% (Flexible)

– Client Concentration: less than 20% of Total Revenue per Client. Ideally, clients from many different industries. (Flexible)

– At least 5 years old

– Any IT services including software, cybersecurity, ISP, VoIP, data centers, hosting, etc.

– Location: prefer Canada. Will consider Northeast United States.

Client Budget is $3 Million.