Managed IT services provider The 20 MSP completed the acquisition of three managed service providers (MSPs), including Drivetech (Massachusetts), Accurate Computer Solutions (Texas) and Blue Cactus Consulting (Arizona).
Pinecrest Capital Partners served as the exclusive financial advisor to The 20 MSP on the acquisitions. Texas-based Sunflower Bank, acting as sole lead arranger in a syndicated credit facility for The 20 MSP, provided a funding tranche to support the acquisitions.
“With these deals closed, we now have thirty acquisitions under our belt,” Tim Conkle, founder and CEO of The 20 MSP, said. “We’ve really hit our stride in terms of making these integrations seamless and minimally disruptive to end clients. As we get bigger and better, our collective knowledge base only gets stronger, so there’s more and more wisdom to draw on as far as making all the pieces fit.
“When I started The 20 MSP Group, I knew we were exploring new territory. Now, we’re embracing the opportunity to once again break ground with our distinctive M&A process.
“A lot of the attrition and friction that comes with traditional M&A deals is either minimized or altogether eliminated by our approach. So while the pace of our expansion has been rapid, it hasn’t felt rushed, since these integrations solidify partnerships that have been in the works, maturing organically within The 20 MSP Group.”
