Evergreen Services Group Expands Portfolio with Acquisition of i-Tech Support

 Evergreen, a family of managed IT services and software companies, has made an acquisition move by acquiring i-Tech Support, a well-known Managed Service Provider (MSP) and Acumatica reseller partner. The acquisition is notable as i-Tech Support, based in Central Florida, has established itself as a leading MSP in the region, providing services to various entities including private businesses, non-profits, and educational institutions.

In addition to its core MSP services, i-Tech has expanded its scope by entering the Enterprise Resource Planning (ERP) space. The company has gained recognition for its expertise in Acumatica, achieving the status of a leading Acumatica Gold Certified Partner. This acquisition is likely to contribute to Evergreen's portfolio and strengthen its position in the managed IT services and ERP sectors.

Your summary captures a key aspect of the acquisition's structure. As part of the acquisition, i-Tech Support is set to operate independently within Evergreen's ERP partner portfolio, specifically within Pine Services Group. This strategic decision allows i-Tech Support to maintain its autonomy and unique identity while being integrated into Evergreen's broader ecosystem.

The move is viewed as a deliberate and strategic step to strengthen Evergreen's presence in the managed IT services and ERP sectors. By positioning i-Tech Support within the ERP partner portfolio, Evergreen aims to leverage synergies and capitalize on the expertise and capabilities of i-Tech Support to enhance its overall offerings in these strategic sectors.

The leadership teams of both companies expressed enthusiasm about the partnership. Katie Maley, M&A lead for Pine Services Group, described i-Tech as an exciting acquisition for Evergreen, and the partnership is expected to contribute to the growth of both entities. Mike Augello, CEO of i-Tech, highlighted Evergreen's unique business model as a factor that appealed to him as a business founder contemplating retirement. The acquisition provides a permanent home for i-Tech within Evergreen, ensuring continuity for customers and growth opportunities for team members.

Daniel Stockman, i-Tech's founder, emphasized the strategic partnership as a significant milestone that will propel the company to new heights of success. The collaboration reflects a shared vision for growth and innovation, aligned with their people-first core values.

Evergreen, established in 2017, has evolved into a hub for over 85 software and services companies. The company has a proactive investment approach, targeting various sectors such as IT service providers, ERP partners, financial software, and government services businesses. Evergreen's emphasis lies in establishing long-term capital partnerships and supporting the future growth initiatives of the companies it acquires.

The acquisition of i-Tech Support aligns seamlessly with Evergreen's overarching strategy, signaling a deliberate move to broaden its footprint in the managed IT services and ERP markets. This strategic expansion through acquisitions is indicative of Evergreen's commitment to diversifying its portfolio and reinforcing its position in key sectors within the software and services industry.