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IT managed service

Reference
S11761
Turnover
€2m to €5m
Sector(s)
Technology
Region(s)
Outside UK
Added
21 June 2024

Business description

With strong recurring revenue, robust customer relationships, mature operations and a leading technology stack, this MSP represents an excellent bolt-on opportunity for an established IT Managed Service Provider seeking growth in the greater Dublin area.

Highlights

  • FY 2024 Financials:  T/O €2.83m, EBITDA €330k
  • Office Space:  3,000 sq. ft modern office with flexible lease terms
  • Geographic Reach:  85% Dublin based customers 
  • Key Sectors:  Legal, Healthcare, Retail
  • Recurring Revenue:  60% of turnover
  • Annual Growth Rate:  Over 10% 
  • Customer Retention: Long-term relationships with a churn rate below 1%
  • Operational Excellence:  Mature operations with ISO 9001 and ISO 27001 certifications
  • Skilled Workforce: Highly skilled and experienced employees

Financials

Turnover (€'000) Adjusted EBITDA (€'000)
2021 (Actual) 2,000,000 215,000
2022 (Actual) 23,000,000 270,000
2023 (Actual) 2,570,000 275,000
2024 (Actual) 2,830,000 330,000

Turnover analysis:

Recurring SaaS = 46%

Hardware Sales = 23%

Recurring Support = 15%

Project Services = 12%

Software (Perpetual) = 4%

Reason for sale

Succession planning

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