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
An opportunity has arisen to purchase a Managed Service Provider (MSP) and IT consultancy based in Southeast England. The company is well-established, with a trading record spanning over 25 years.
An opportunity to purchase an IT Training and Change Consultancy based in the UK. In almost a decade of trading, this business has positioned itself as a recognized specialist in the field of training and change management for the life sciences indus...
An opportunity has arisen to acquire an IT service and support company based in Aberdeenshire. This profitable business has grown consistently since it was established in 1989 to provide a portfolio of key IT support and services to its loyal custome...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
01
|
May
|
Portfolio of 24 northern pubs acquired by Punch Pubs & Co | COMMERCIAL PROPERTY
A portfolio of 24 pubs across the North East and Yorkshire h...
01
|
May
|
West Midlands engineering firm acquired in pre-pack deal | BUSINESS SALE
A specialist engineering firm based in the Black Country has...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.