Description:

The company is a trusted hybrid information technology (IT) services provider primarily to K-12 schools providing information technology (IT) solutions, security, and support for schools’ IT networks. The company is an authorized partner with Cisco, Microsoft, VMWare, and Barracuda.

Key Aspects:

Average gross profit (GP) margin of 34.1% from 2020 through 2022
Adjusted EBITDA margins have averaged 12.3% from 2020 through 2022
Management notes that in 2022, 90% of revenue was derived from repeat customers
Management notes that 90% of customers have master service agreements (MSAs) in place
The company has no long term-liabilities
Various engineers hold individual career certifications from Cisco and VMWare

Opportunities:

Capitalize on the new active cyber vulnerability management service offering
Increase penetration of current service offerings to existing and new customers
Capitalize on customers’ equipment upcoming end-of-life (EOL)
Enable the company’s website with search engine optimization (SEO) to increase digital presence
Continue to gain new vendor partners to increase the company’s product portfolio
Capitalize on the upcoming 24x7x365 security operation center (SOC) service offering
Increase sales and marketing efforts to reach markets outside of schools to grow customer base
Focus on expanding government work

Headquartered:

Northeast, US

Current Markets:

The company primarily focuses on servicing K-12 public school districts in the Northeast, US

Real Estate:

The company operates from a 2,081 sq. ft. within a 30,000 sq. ft. facility leased from an unrelated third party. There is room to grow in the current location.

Shareholder Ownership:

The company is equally owned by two shareholders. Both shareholders would like to pursue retirement but are willing to remain for a transitionary period under new ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Hybrid Information Technology Services Provider – BN000044707

Hybrid Information Technology Services Provider – BN000044707

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