The 20 MSP continues M&A spree with acquisition of
Nashville-based managed service
provider.
PLANO,
Texas, July 2, 2024 /PRNewswire-PRWeb/ -- Leading
managed service provider The 20 MSP, today announced its
acquisition of Sublime Computer Services, a highly regarded managed
IT services and consulting firm based in Nashville, Tennessee.
"Our fundamental strategy remains the same:
bringing quality MSPs on board to drive continuous improvement and
uphold our sky-high standards for excellence in service delivery
nationwide," said Tim Conkle,
founder and CEO of The 20 MSP,
This latest deal extends The 20's M&A buying spree to
thirty-four acquisitions in less than two years, an aggressive
growth strategy aimed at cementing the company's national
footprint, enhancing operational efficiency, and driving innovation
through new talent and expertise.
Sublime's path to acquisition follows the same pattern as The 20
MSP's thirty-three other roll-ups, in that the MSP achieved the
bulk of its growth as a member of The 20's growth platform, The 20
MSP Group.
Sublime Computer Services, led by owner and CEO Adam Bell, joined The 20 MSP Group back in 2018
in an effort to catalyze new growth and conquer persistent
scale-based difficulties. The 20's process-driven approach,
superior buying power, and community of industry experts provided
Sublime with the tools and resources it needed to overcome its
major pain points and dramatically increase revenue.
Tim Conkle, founder and CEO of
The 20, reflected on Sublime's journey with the company. "We are
thrilled to finalize this acquisition and expand into the
Nashville market. Adam and his
team came to us looking for help conquering the business side of
things," explained Conkle. "They had the talent and the drive, and
our proven model was the missing ingredient that allowed them to
unlock their true potential and get to that next level. It's been a
pleasure to witness their growth, and a true privilege to welcome
the Sublime team to The 20 MSP team."
The 20's pipeline of acquisition candidates remains full, and
has recently expanded to include non-member MSPs – organizations
that have not previously been part of The 20 MSP Group but are now
being considered for acquisition based on their strategic fit and
high growth potential.
"Member MSPs remain the primary focus of our M&A plans, as
we work closely with these companies on a daily basis," Conkle
explained. "But the lynchpin in a successful acquisition is
cultural and operational compatibility, and we're interested in any
MSP that exemplifies the traits we consider integral to our
company's long-term health and success. We're casting our net a
little wider, but our fundamental strategy remains the same:
bringing quality MSPs on board to drive continuous improvement and
uphold our sky-high standards for excellence in service
delivery."
As with its previous acquisitions, The 20 is confident that
attrition will be minimal, and is excited to announce that
employees of Sublime are taking on new roles within The 20 MSP.
"Our practice up to this point has been to set up MSP owners
with management positions if they're not looking to retire or exit
the industry," Conkle explained. "These industry pros bring a
wealth of knowledge and experience to the table, and we believe
that their continued engagement plays a pivotal role in ensuring a
seamless transition for both their clients and employees."
Stay tuned for more deals in the coming months as The 20 looks
to continue expanding and solidifying its leadership position in
the IT services industry.
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 the funding tranche.
About The 20 MSP
The 20 MSP has been helping businesses succeed through better
technology since 1986. As a leading provider of managed IT
services, The 20 MSP serves thousands of businesses nationwide,
providing each one with white-glove service, secure and streamlined
IT infrastructure, and 24/7/365 support. We believe in building
lasting relationships with clients founded on trust, communication,
and the delivery of high-value services for a fair and predictable
price. Our clients' success is our success, and we are committed to
helping each and every organization we serve leverage technology to
secure a competitive advantage and achieve new growth. To learn
more, visit the20msp.com.
About The 20 MSP Group
The 20 MSP Group is an exclusive consortium for Managed Service
Providers (MSP) aimed at dominating and revolutionizing the IT
industry with its standardized all-in-one approach. The 20's robust
RMM, PSA, and documentation platform ensures superior service for
its MSPs' clients utilizing their completely US-based Help Desk and
Network Operations Center. Extending beyond proven tools and
processes, The 20 touts a proven sales model, a community of
industry-leading MSPs, and ultimate scalability. To learn more,
visit the20.com.
Media Contact
Crystal Conkle, The 20,
972-461-0880, info@the20.com, https://www.the20.com
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SOURCE The 20