MITSG set for more M&A as part of 'aggressive' growth plan

It comes after the newly formed MSP secured a £10m war chest from BOOST&Co to fund its buy-and-build strategy in February

Managed IT Services Group's (MITSG) sses further M&A is on the agenda following its acquisition of Everything Tech earlier this year.

The MSP's CFO, Mark Allen, said the company has an "aggressive expansion and growth plan", with it having a "healthy pipeline of others deals that I'm looking for".

It comes after the newly-formed MSP secured a £10m war chest from BOOST&Co to fund its buy-and-build strategy in February.

He felt that striking three to four deals would be a good target and is aiming to get another one across the line before the end of this year.

"We do have an aggressive expansion strategy, so the growth is inevitable with that," Allen said.

"I have a healthy pipeline of other deals that I'm looking for. So further down the road, there is going to be further funding planned. I've already spent a chunk of that M&A pot.

"There is going to be more - I've already got a pipeline - and as soon as that's done I'll be looking for the next lot".

MITSG was formed in 2020 and is led by the former executive team of unified comms giant GCI.

The business has acquired several firms since then, in the shape of IT Farm and Nexbridge in 2021 and CSS Group at the start of this year.

More recently, it announced its acquisition of Everything Tech in a deal that will see it become the flagship brand of the group.

Allen said the move was a "large acquisition" for MITSG and said he "loves the culture of the business (Everything Tech)".

He added: "Everything Tech is a specialist in public cloud and in modern workplace specialisms and we felt that was a brilliant fit for our business.

"We already can deal with the private cloud and IT support. What we were missing was with someone able to take people on that modern workspace journey, which Everything Tech is an absolute specialist at."