Cloud IT Services Company | $3.5 M Sales | $650 K EBITDA | 15% Growth | 90% Recurring Revenue

Overview

Managed IT Services provider with strong Cloud services focus. 15% revenue growth and 32% adjusted EBITDA growth in 2022. The company is growing rapidly and is on track to achieve $3,500,000 revenue and $650,000 EBITDA in 2023. 90% Monthy Recurring Revenue; 95% Customer and Employee retention. The company was established 20 years ago and serves customers in Ohio, Indiana and Pennsylvania. The founder is now planning retirment and is seeking to transition ownership.

The company is a Microsoft Gold Partner and Tier 1 Cloud Services Provider- Products and Services include Cloud, Security, VoIP, Managed IT Services, Hardware, Software and Consulting. Managed Cloud Services is the largest revenue driver today and is the fastest growing segment. A new suite of high margin products and services are positioned to drive double digit growth for the next five years.
Future growth will be driven by: (1) expanding services within existing clients; (2) onboarding new customers, (3) geographic expansion to adjacent cities.

The Founder and CFO are committed to the success of the company and are willing to remain in full-time or consulting roles, as required.