Everything Tech targets organic and M&A growth after double buyout

The Manchester-based MSP is still on the acquisition trail after eighth transaction

Manchester-based Everything Tech Group (ETG) has snapped up Berkshire-headquartered SIRE Technology and Gibraltar-based GiBVault, with the double swoop marking the ambitious MSP’s eighth acquisition since its launch in 2021.

The buy sees ETG expand its footprint into highly regulated markets, particularly financial services and gaming, as well as bolstering its UK managed services and cloud expertise. The deals push ETG’s revenues to £24m and its headcount to 130.

Speaking to CRN, ETG co-founder and CFO Mark Allen (pictured, right) describes the group’s ongoing strategy as largely ‘buy and build’— one that he and fellow co-founder Phil Smith (pictured, left) have successfully deployed before.

“We founded the business at the end of 2020, right after COVID,” Allen explains.

“Phil and I had worked together before, scaling and selling GCI Communications for around £200m.”

The SIRE and GiBVault acquisitions were announced together due to shared ownership links between the two firms, Allen explains.

SIRE brings more than 30 years of experience in managed services, cybersecurity and cloud for UK SMEs and enterprises to Everything Tech.

GiBVault, meanwhile, is a provider of cloud infrastructure in Gibraltar, with customers across Europe, the Caribbean and Asia, particularly in regulated sectors like gaming and financial services.

There is no private equity or institutional majority backing ETG’s acquisitions, instead relying on a mix of high-net-worth individual investors and traditional bank debt from NatWest.

“We’re proud to have a strong relationship with a high street lender like NatWest,” Allen says.

“It’s critical for us — it keeps us disciplined and means every deal has to stack up on its own merits.”

Looking ahead, further acquisitions are on the cards, though Allen emphasised that the group’s service portfolio is now broadly complete.

“We’ve built out everything we wanted from a service stack perspective,” he says.

“That’s not to say we wouldn’t look at opportunities in areas like cybersecurity or software if the right business came along — but for us, it’s all about quality.

“Rather than filling portfolio gaps, any future acquisitions are likely to focus on scale.”

The group also prioritises the right founder-driven culture – according to Allen, a good cultural fit is essential for integration.

“You can’t force cultures together. If the management team doesn’t share our values, it doesn’t matter how good the business is, we won’t touch it.”

While acquisitions will continue, ETG is also targeting organic growth, despite headwinds in the broader IT services sector.

“Most businesses have found organic growth tough over the last couple of years,” Allen says.

“Interest rates, government uncertainty — all of that’s made customers sit on their hands.

“But there comes a point where you can’t keep delaying projects forever.”

With a growing pipeline in regulated markets and consistent demand for cloud, modern workplace and compliance-driven solutions, Allen remains bullish about the group’s prospects.

“We’re set up to support customers’ evolving needs — whether it’s voice solutions, PCI compliance, hybrid cloud or helping them embrace AI securely.

“That’s where we see our next phase of growth coming from.”