'We're considering expanding our portfolio into tech advisory and managed services' - Fusion Consulting bags eight-figure funding package

The professional services firm tells CRN how it plans to use the new funds

Fusion Consulting Group has secured an eight-figure debt funding package from alternative finance provider, Growth Lending.

The financing will fuel Fusion's buy-and-build programme, allowing it to acquire larger and more prominent professional services firms.

Fusion is now gunning for companies with strong recurring revenue, the ability to upsell and cross sell, and strong people and processes, according to director Adam Maurice.

"We are interested in any complementary services to our own existing portfolio which assists SMEs and business owners achieve their ambitions - technology is a key driver of that," Maurice tells CRN.

Following an initial funding round in 2022, Fusion successfully completed five acquisitions in just five months, adding two accountancy firms, two IFA firms, and a finance recruitment firm with CFO-as-a-service capabilities to its portfolio.

Fusion has also grown its headcount from 30 staff to now 85, opened three new offices and has tripled revenues in that time.

"Our new funders are as aggressive as us and we would like to see another three to four transactions complete by the end of the year," Maurice adds.

Fusion's portfolio currently offers business advisory, tax, legal, financial, accountancy and recruitment services.

With a history in the MSP space as a former founder of Kocho (previously called TIG) and a new eight-figure war chest, Maurice reveals Fusion is weighing up adding managed services to its offering.

"Other than the fractional CTO services we have stayed away from technology services since my exit from TIG.

"However, as technology is at the heart of all fast growth businesses we are considering expanding our portfolio into technology advisory and managed services - we already advise and provide project management services around Salesforce and dynamics implementation."

He adds that now has never been a more difficult time for MSPs to differentiate.

"I believe that whilst managed security has matured over the last couple of years there is so much to come in terms of AI and those MSPs who actively deploy client solutions focused around AI are going to still be able to differentiate - certainly for the next couple of years."