Dataprise Acquires NextGen Networking: Southeast Expansion

The Deal

Dataprise, a national managed services platform backed by Trinity Hunt Partners, has acquired NextGen Networking, a Florida-based MSP serving small and mid-market businesses. The deal was announced in February 2025.

This acquisition marks Dataprise's continued push into the Southeast U.S., one of the fastest-growing regions for MSP M&A activity.

Strategic Logic

Dataprise has been executing a disciplined roll-up strategy focused on mid-Atlantic and Southeast markets. NextGen Networking fits this approach in several ways:

• Southeast foothold: Florida is a priority market for Dataprise, and NextGen gives them local client relationships and on-the-ground technical staff.
• SMB managed services: NextGen's client base aligns with Dataprise's core focus on small and mid-market managed services.
• Operational leverage: Post-acquisition, NextGen's clients gain access to Dataprise's broader cybersecurity, cloud, and compliance capabilities.

Valuation Context

For MSPs in the $5-10M revenue range, valuations depend heavily on the quality of recurring revenue and client concentration. Well-run MSPs in this bracket are seeing 6-9x EBITDA multiples in the current market.

Key factors that push multiples higher in this range:

• MRR representing 75%+ of total revenue
• No single client exceeding 10% of revenue
• Clean contracts with auto-renewal terms
• Vertical specialization or compliance capabilities (CMMC, HIPAA)

What MSP Owners Should Know

1. The Southeast is heating up. Florida, Georgia, and the Carolinas are seeing more PE platform acquisitions than any prior year. If you're a Southeast MSP, you have more potential buyers than you realize.

2. Size is not a barrier. NextGen's revenue range shows that PE platforms are actively acquiring MSPs below $10M in revenue -- as long as the fundamentals are strong.

3. Post-acquisition opportunities matter. Dataprise's model adds cybersecurity and compliance services to acquired MSPs. If you're evaluating potential buyers, understanding their post-acquisition value-add helps assess cultural fit.