This Company IT/Cybersecurity-based Managed Services to small-to-medium sized businesses (SMBs). With a solid reputation spanning decades, its efforts result in high client retention rates (nearly 40% of its revenue is recurring). Hardware and Software sales in addition to Professional Services (consulting, infrastructure architecting, multi-site deployments/installs, etc.) comprise most of their revenue.
The Company has a streamlined client on-boarding process that is convenient for clients. Margins are stable and revenue growth can be accelerated by an acquirer through cross-selling/up-selling other IT-related services to new and existing clients. The owners are open to remaining for a transition period post-closing, if preferred by the buyer.