The 20 MSP Hooks 4 MSPs in Aggressive Growth Plan

The 20 MSP Hooks 4 MSPs in Aggressive Growth Plan

By Greg Tavarez

Cybersecurity challenges, cloud technology and complex computing environments expand daily and have created increased demand for managed services. As a result of the crowded market with the rise in demand for MSPs, the MSP industry is undergoing vigorous consolidation activity – a natural progression in an expanding sector.

Managed IT services provider The 20 MSP is certainly part of that consolidation activity. It has created an aggressive growth plan to expand its national footprint and add to its expertise and resources. In the process, it acquired four MSPS – adding to its its previous acquisition of six MSPs in September.

The four companies that will bring The 20 to four states are:

  • WolfGuard IT, Montana
  • Bolder Designs, Delaware
  • Byte-Werx, Arkansas
  • JS Computek, Missouri

The four organizations experienced steady growth over the past several years and success across various industry verticals. The 20 expects to draw on their collective expertise and resources to build out more sophisticated solutions and higher-value offerings for its clients.

"I'm thrilled to be joining forces with these organizations," said Tim Conkle, CEO of The 20. "Together, we're going to keep pushing the boundaries of what MSPs can do for small and medium-sized businesses. The future's looking very bright.”

Pinecrest Capital Partners served as the exclusive financial adviser to The 20 on the acquisitions and associated financing. Additional acquisitions are lined up in the coming months.

"We have plenty of MSPs in The 20's growth platform who are ready to be rolled up," said Conkle. "And because we've worked closely with these companies, a lot of the integrative work that traditional mergers require is already done.”

Edited by Erik Linask
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

MSPToday Editor

Related Articles

Guardians Upgrade Network with Windstream, Targeting Digital Edge

By: Greg Tavarez    4/16/2024

The Cleveland Guardians selected Windstream's services to bolster their IT performance, so it can use today's data-intensive sports applications witho…

Read More

Lumen Receives $73M Contract to Modernize GAO Network Infrastructure

By: Greg Tavarez    4/15/2024

Lumen Technologies secured a $73.6 million contract to overhaul the network infrastructure of the U.S. Government Accountability Office.

Read More

eSentire Launches Tech Innovation Center in India to Enhance Cybersecurity Capabilities

By: Stefania Viscusi    4/15/2024

eSentire, a global cybersecurity solutions provider offering Managed Detection and Response (MDR) solutions, announced the launch of a new Technology …

Read More's BeTNA Offers Enhanced Security with Traffic Detection

By: Greg Tavarez    4/12/2024

BeBroadband Trust Network Access, or BeTNA, is a ZTNA solution designed to elevate security standards to new heights.

Read More

Gluware 5.3: Network Management on Autopilot with Enhanced Plug-and-Play

By: Greg Tavarez    4/12/2024

Gluware recently released Gluware 5.3, which accelerates and expands the capabilities of network automation within customers' mission critical network…

Read More