The Future of Managed Services with Evergreen

Show Notes

https://www.youtube.com/watch?v=xRR9oI_0fTo&t=11s

In this MSP Zone conversation, Ramsey Sahyoun, co-founder and M&A partner at Evergreen, discusses the unique positioning of Evergreen as a holding company for Managed Service Providers (MSPs). He explains the company's vision to be a long-term home for businesses and their leaders, emphasizing the importance of preserving brand identity and team structure post-acquisition. The discussion covers the challenges of attracting MSPs, the decentralized strategy versus traditional roll-ups, and the operational synergies that Evergreen fosters among its portfolio companies. Ramsey also highlights the generational transition within the MSP industry and the impact of financial de-risking on leadership styles.

Highlights:

• Evergreen aims to be the best home for businesses and their leaders.
• The company focuses on long-term ownership rather than short-term gains.
• Decentralization is key to Evergreen's strategy, avoiding traditional roll-up pitfalls.
• MSP owners often seek a succession plan when transitioning out of their businesses.
• Churn is a critical issue in the managed services industry.
• Evergreen has a common ERP and CRM system for operational efficiency.
• The company encourages collaboration among its portfolio companies.
• Attracting MSPs requires cutting through industry noise and competition.
• Evergreen operates in the US, Canada, UK, Australia, and New Zealand.
• The company seeks MSPs with a minimum of $3 million in revenue and $500,000 in EBITDA.