Evergreen accelerates MSP deals with UK B Corp buy

Evergreen completed 16 acquisitions in the fourth quarter of 2025, bringing its total for the year to 47 deals as it expands its managed IT services and software portfolio across Australia, the UK and North America.

The 2025 total included 33 managed service providers (MSPs), underlining continued consolidation in the sector as operators seek scale, broader service coverage and access to investment.

Evergreen describes itself as a family of managed IT services and software partners. It operates a decentralised structure and follows a buy-and-hold approach, with acquired firms continuing under their existing leadership teams.

Fourth-quarter acquisitions spanned multiple geographies and technical specialisms, which Evergreen described as one of the busiest M&A periods in its history.

UK foothold

Evergreen highlighted Optimising IT as its first UK-based B Corp acquisition. Optimising IT operates as an MSP serving customers in consumer, retail and professional services.

Optimising IT has a service-led approach, generates a high proportion of recurring revenue, and has delivered double-digit revenue growth with strong customer retention. More than a traditional managed services provider, it acts as a strategic partner and offers AI and cybersecurity services.

Optimising IT Managing Director Todd Gifford said the relationship was intended to be long term.

"As a business and as people, we are hugely motivated to do the right thing above all else, and partnering with Evergreen for the long term is the right thing for our customers and the team," said Gifford.

Post-deal focus

Evergreen linked the pace of acquisitions to changes in how it runs companies after a transaction completes. It described a "value-creation playbook" that it has continuously improved.

The work includes adding leadership and commercial expertise to acquired businesses. Evergreen said it placed 67 "growth leaders" across its companies and professionalised sales processes. It said the approach has driven organic growth across the portfolio, describing it as industry-leading and in the double digits.

Evergreen also cited an operational change at one portfolio company, where AI automated a key process. It said the shift reduced a client's costs so much that the savings exceeded the client's previous bill for manual services.

A steady acquisition tempo, combined with post-deal operational changes, has become a key way buyers differentiate in a crowded MSP deal market. Many acquirers position themselves as long-term owners, but competition often centres on post-acquisition investment, sales execution and the ability to recruit leadership.

Owner appeal

Evergreen Co-Founder Ramsey Sahyoun said the group's buy-and-hold model remains attractive to founders considering the future of their businesses.

"2025 was our biggest M&A year ever. Our decentralized, buy-and-hold strategy continues to resonate with business owners, but what has really taken Evergreen to new heights is that we help companies grow faster after we partner with them," said Sahyoun.

He also said founders value continuity.

"Business owners are choosing us not just because we are a safe haven for their company, but because we truly make businesses better under our ownership without sacrificing what they've built," said Sahyoun.

Evergreen provides operational assistance and capital across its services and software holdings, and expects acquisitions in North America and international markets to remain a focus.