Wed, 10 Apr 2024 | BUSINESS SALE
Digital Origin, an IT service company based in Milton Keynes, has been acquired by US-headquartered holding company Evergreen. The deal makes Digital Origin the second UK business acquired by Evergreen, following its September 2023 takeover of London-based The Final Step.
Founded in 2018, Digital Origin provides services to businesses across the UK, including wholesale IT, MSP and cybersecurity. The company operates a connectivity-as-a-service (CaaS) business model covering three key sectors: IT connectivity, telephony and mobile.
Sydney Hockett, vice president of M&A at Evergreen, commented: "The shared values and missions between Evergreen and Digital Origin is what makes this acquisition so compelling and mutually beneficial.”
"Digital Origin's commitment to technological innovation, outstanding customer service and world class team fits well with Evergreen's strategic vision and values and will be an integral part of our continued UK expansion."
Digital Origin Chief Executive James Evans added that the deal was the “next pivot point” in the firm’s journey and would enable it to take the company and its clients forward.
Evergreen, a holding company that acquires and operates a group of service firms, has completed more than 80 IT services acquisitions and has a track record of investing in the firms it acquires, while operating with a decentralised operations model that retains their talent and leadership.
As well as stepping up its M&A activity in the UK, the company has also recently made acquisitions in Australia and New Zealand.
Regarding the company’s approach to M&A, Sydney Hockett stated: “Our unique decentralised operating model allows us to grow rapidly while retaining what makes a business great: employees and culture. We invest in growth while preserving legacy. Evergreen does not sell businesses. We hold them forever; therefore, the ‘end goal’ is endless.”
Despite seeing long-term economic disruption, the UK remains the top destination in Europe for inbound and domestic M&A
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Fantastic opportunity to acquire a majority or part-shareholding in a managed service provider/IT support solutions business, servicing a broad range of B2B clients with exponential growth opportunities.
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