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December 9, 2022
The last few days have seen a flurry of deals and M&A activity in the channel, in particular in the cloud and consulting services arenas. Service providers looking to better position themselves for competitive advantage or acquisition should take note of the trends these deals highlight.Thinkstock
It was an extraordinary year of M&A activity. The industry has experienced a crazy-high volume of technology services transactions for a good chunk of time now, and 2022 was no exception, despite whisperings of a recession.
Over the past few years, hundreds of private equity firms and larger MSPss have acquired and snapped up other providers. Why? According to a report generated by Corporate Finance Associates (CFA), titled ‘Mergers & Acquisitions in the Technology Services Industry in Q3 2022’, acquirers find the recurring revenues of MSPs to be extremely attractive. The frenzy has not slowed, the pace has not waned.
Deals over the last few months have spanned the gamut, with names like Thrive, Auvik and XenTegra.
With 2023 looming in the not-so-distant future, we’ve compiled a roundup of noteworthy Q3 2022 MSP M&A and investment deals.
Allison Francis is a writer, public relations and marketing communications professional with experience working with clients in industries such as business technology, telecommunications, health care, education, the trade show and meetings industry, travel/tourism, hospitality, consumer packaged goods and food/beverage. She specializes in working with B2B technology companies involved in hyperconverged infrastructure, managed IT services, business process outsourcing, cloud management and customer experience technologies. Allison holds a bachelor’s degree in public relations and marketing from Drake University. An Iowa native, she resides in Denver, Colorado.
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