Jun 27, 2018
Mergers & Acquisitions Made MSPeasy
Mergers and acquisitions (M&A) have become a top growth strategy in the IT Channel. MSPs who aren’t actively considering these options for growth and/or an exit strategy are few and far between these days. So, why the sudden uptick in M&A activity?
More of today’s MSPs want to expand their service offerings, but it can be easier said than done. Merging with or acquiring other MSPs who offer additional solutions can help them expand their product suite sooner, rather than later. Some MSPs also look to M&A to increase their geographic footprint.
However, no two companies will take the same approach to M&A. It’s important to remember that, even though deals can take anywhere from three to six months, the impact of an M&A will follow the lifetime of your business. Of the key things to think about when you feel that you’re ready to take the plunge, remember: develop a clear goal; carefully assess financial alignment; weigh ease of integration; cultural fit is not to be taken lightly; and a clear communication process is a must.
In our new eBook, you’ll hear from MSPs who have gone through successful mergers and/or acquisitions. Check it out today!