Evergreen Services Group, a San Francisco-based group of leading managed IT services companies, has announced its acquisition of Digital Origin, an IT service company in Milton Keynes.
Knight Corporate Finance acted as exclusive advisors to Digital Origin on the transaction.
Founded in August 2018, Digital Origin provides businesses throughout the UK with comprehensive solutions that combine all of their IT needs within a single provider.
Its unique ‘Connectivity-as-a-Service’ or ‘CaaS’ business model delivers wholesale IT, MSP, and cybersecurity solutions for three sectors—IT connectivity, telephony, and mobile solutions.
Sydney Hockett (pictured), vice president of M&A at Evergreen, said: “The shared values and missions between Evergreen and Digital Origin is what makes this acquisition so compelling and mutually beneficial.
“Digital Origin’s commitment to technological innovation, outstanding customer service and world class team fits well with Evergreen’s strategic vision and values and will be an integral part of our continued UK expansion.”
With more than 80 IT services acquisitions under their belt, Evergreen has a proven track record of investing in businesses’ continued success while retaining talent, leadership and legacy.
James Evans, chief executive officer at Digital Origin, said: “This deal represents the next pivot point in an increasingly exciting journey that Digital Origin started back in 2018, we now have the rocket fuel required to take us and our clients forward as we traverse the digital Agora and next leg of our evolution — we couldn’t be more excited.”
The investment marks pivotal milestones for both organisations with Evergreen’s second acquisition in the UK and the beginning of Digital Origin’s next phase of growth.
Evergreen partners with owners of services and software businesses to provide operational assistance and capital in support of growth and exceptional service delivery.
Evergreen differentiates itself by providing a permanent home for businesses that care deeply about their customers and employees.
Knight Corporate Finance was founded by Adam Zoldan and Paul Billingham in December 2008 with the specific aim of advising businesses and entrepreneurs in the technology telecoms sector. Knight is now a team of over 10 professionals operating from offices in Warrington and London,
Since Knight formed in 2008 it has completed over 190 transactions, more than any other advisor in the ICT sector.