The 20 broadens service capabilities with strategic acquisition
of Iowa-Based Master MSP
PLANO,
Texas, Aug. 1, 2024 /PRNewswire-PRWeb/ -- Leading
MSP growth platform The 20 today announced its acquisition of
Collabrance, LLC., an award-winning master managed IT services
provider based in Cedar Rapids,
Iowa. This latest deal marks the Texas-based company's ninth of the year and
the 35th acquisition since entering the M&A arena in late
2022.
"This marks a key step in The 20's
acquisition strategy. We cast our net a little wider to find a
like-minded master MSP that will augment our growth platform, drive
continuous improvement, and uphold our sky-high standards for
excellence in service delivery," shared Tim
Conkle, CEO of The 20.
This aggressive expansion strategy is driven by a large pool of
acquisition candidates, managed service providers (MSPs) that have
achieved significant growth and operational maturity as members of
The 20's renowned growth platform, The 20 MSP Group.
The acquisition of Collabrance represents the expansion of The
20's acquisition strategy. "In this case, we cast our net a little
wider to find a like-minded master MSP that will augment our growth
platform, drive continuous improvement, and uphold our sky-high
standards for excellence in service delivery," shared Tim Conkle, The 20's founder and CEO.
Founded fifteen years ago by GreatAmerica Financial Services® as
a path forward for existing customers in the office equipment
industry, Collabrance has grown year over year, recently winning
the #18 position of the 2024 Channel Futures MSP 501: Top Managed
Service Providers list.
Moving forward, Collabrance will retain its own brand,
underscoring the company's strong market presence and strategic
value. Moreover, The 20 has retained all Collabrance employees,
upholding the company's historical commitment to minimal attrition.
The 44 Collabrance team members joining The 20 bring a wealth of
valuable expertise to the table, including intimate knowledge of
the equipment dealer channel, network engineering capabilities, and
expertise in industry tools including ConnectWise, Datto and
N-able.
Collabrance leadership is confident that the transition will be
seamless, and expect total continuity in services. Moreover,
joining The 20 promises new opportunities for growth and
advancement, both for individual employees and the company as a
whole.
"We're excited to see Collabrance take the successful model
they've built and elevate it under the direction of The 20," said
Martin Golobic, CEO of GreatAmerica,
Collabrance's parent company. "We created Collabrance to provide
another business opportunity for many of our existing GreatAmerica
customers and have been so proud of what they've accomplished. The
synergies between our and The 20's business tenets were obvious
when we first met. This acquisition allows our Collabrance team to
do what they do best – service customers – and allows them to do it
with the same integrity and care that they have for the past
fifteen years," added Golobic.
The 20's leadership is also feeling energized and optimistic
about the deal, and look forward to close collaboration with their
new team members. "We've been fans of Collabrance and their team
for some time, and there's a lot of mutual respect surrounding this
deal – and a lot of excitement about the future," said Conkle.
"People, process, and culture are what drive success in this
industry, and Collabrance has all three. This is a win for us, a
win for Collabrance, and above all, a win for our collective client
base, who can expect continued great service, bolstered by enhanced
capabilities and The 20's around-the-clock support."
Stay tuned for more deals in the coming months as The 20
continues expanding and solidifying its leadership position in the
IT services industry.
About The 20 MSP Group
The 20 MSP Group is an exclusive consortium for Managed Service
Providers (MSP) aimed at dominating and revolutionizing the IT
industry with its standardized all-in-one approach. The 20's robust
RMM, PSA, and documentation platform ensures superior service for
its MSPs' clients utilizing their completely US-based Help Desk and
Network Operations Center. Extending beyond proven tools and
processes, The 20 touts a proven sales model, a community of
industry-leading MSPs, and ultimate scalability. To learn more,
visit the20.com.
About The 20 MSP
The 20 MSP has been helping businesses succeed through better
technology since 1986. As a leading provider of managed IT
services, The 20 MSP serves thousands of businesses nationwide,
providing each one with white-glove service, secure and streamlined
IT infrastructure, and 24/7/365 support. We believe in building
lasting relationships with clients founded on trust, communication,
and the delivery of high-value services for a fair and predictable
price. Our clients' success is our success, and we are committed to
helping each and every organization we serve leverage technology to
secure a competitive advantage and achieve new growth. To learn
more, visit the20msp.com.
Media Contact
Crystal Conkle, The 20,
972-461-0880, info@the20.com, https://www.the20.com
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SOURCE The 20