Tag: MITSG

MITSG promises more mergers and acquisitions

Posted on August 2, 2022 by - News

Managed IT Services Group (MITSG) has promised that it will be buying up more companies following its acquisition of Everything Tech earlier this year.

MSP’s CFO, Mark Allen, said the company has an “aggressive expansion and growth plan”, with it having a “healthy pipeline of other deals that I’m looking for”.

The MSP got its paws on £10 million war chest from BOOST&Co to fund its buy-and-build strategy in February.

He felt that striking three to four deals would be a good target and is aiming to get another one across the line before the end of this year.

MITSG snaps up CSS Group

Posted on January 19, 2022 by - News

The newly-formed MSP Managed IT Services Group (MITSG) has acquired London-based CSS Group.

Manchester-based MITSG was only founded late in 2020 and is led by the former executive team of unified comms giant GCI.

MITSG claims the acquisition of CSS Group brings its headcount to 70 across the UK and gives it new IT services expertise in the legal and professional services sectors.

GCI’s former CEO is now non-executive chairman of the MITSG business, while Mark Allen is CFO and Phil Smith is COO.

GCI rebranded to Nasstar last year following its acquisition of the AIM-listed business, which propelled its revenues to almost £120 million.