Hazlewoods M&A Advisory team is pleased to have advised the shareholders of Optimising IT Holdings Ltd, a leading managed IT services provider based in Gloucestershire, on its successful sale to Evergreen Services Group which sees it join the Lyra Technology family of IT MSPs.
Evergreen Services Group is a technology services investor that operates with a decentralized model and a permanent hold period, allowing each business to retain its autonomy and focus on long term organic growth.
Founded by Gary Smith in 2013, Optimising IT is a trusted provider of end-to-end IT consultancy and support services to businesses across the UK. For the past 2 years the business has been led by CEO Todd Gifford who will continue to drive the business forward. In Todd’s words this is what the partnership means for the business and why he felt Evergreen was the right partner for growth.
• We will continue to operate as an independent company as Optimising IT, a Certified B Corp, and a local business, with offices across the South West.
• Our leadership team, staff, services, and brand are not changing.
• Our clients will benefit from expanded services and innovation without disruption. We now have access to a global network of peer companies across the US, UK, Canada, Australia, and New Zealand.
Hazlewoods M&A Advisory Director Pete Muldrew, who led the transaction, said: “We are delighted to have advised the shareholders of Optimising IT on its partnership with Evergreen / Lyra Technology. The business has built an excellent reputation in the UK and this transaction will support the next phase of development. Evergreen is an ideal partner for Optimising IT, and we wish both parties every success moving forward.”
Gary Smith, founder of Optimising IT, said: “Joining Evergreen marks an exciting new chapter for Optimising IT. Evergreen’s long-term vision and commitment to supporting managed service providers aligns perfectly with our culture and ambitions. It feels great to pass the brand, employees and customers to such a safe pair of hands.
“I’d like to thank Pete Muldrew and the Hazlewoods M&A Advisory and Tax teams for their expertise and support. Pete’s guidance and understanding of M&A transactions in our sector made a real difference and helped us achieve a fantastic result.”
This transaction underscores Hazlewoods commitment to delivering expert M&A advisory services to owner-managed businesses and entrepreneurs across the UK.
If you are considering strategic options and would like to learn more about funding for growth or selling your business, please contact Pete Muldrew at pete.muldrew@hazlewoods.co.uk