Established over 15 years ago, the company is a market leader in providing managed ICT services, hardware/software sales, and cloud services on a nationwide scale to a broad range of customers.
Majority of revenue (over 95%) is derived from contractual/recurring and repeat work, delivering a normalised EBITDA of $1.076M and forecasted to $1.14M for the financial year 2022. The company has demonstrated an ability to generate cash flows with minimal working capital funding requirements.
Business is fully managed, led by the CEO and supported closely by an experienced management team. The company has a diversified B2B blue-chip customer base with nationwide coverage and sector diversity. Customer relationships are held across the management team, thus reducing key-person risk.
Barriers to entry are high as the industry's competitive landscape can serve as an obstacle for firms that struggle to establish a profitable customer base. Numerous organic growth opportunities exist through regional and industry/customer diversification and product range expansion, which can be funded from existing surplus cashflows.
This is a rare opportunity to purchase an iconic ICT service provider and grow it significantly. This would also be a great opportunity for an existing company in the managed ICT service industry to acquire and enhance its market position.
Seeking indicative offers to be presented on or before 28 May 2021.
Contact Pauras Rege - 021 155 8107 for further information.
Price on Application
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