Evergreen Acquires Office Solutions IT: Largest A/NZ Expansion

The Deal

Evergreen announced the acquisition of Office Solutions IT, a Western Australia-based managed service provider, on June 5, 2026. The transaction represents Evergreen's largest acquisition to date in the Australia/New Zealand markets, marking a significant milestone in their regional expansion strategy.

Office Solutions IT operates as a full-service MSP serving clients across Western Australia. The company provides traditional managed IT services including infrastructure management, cloud services, and cybersecurity solutions to small and medium-sized businesses in the region. Deal terms, including purchase price and valuation multiples, were not disclosed.

This acquisition continues Evergreen's aggressive MSP roll-up strategy in the A/NZ region, where the company has been systematically building market presence through strategic acquisitions. Evergreen positions itself as a global family of leading MSPs, focusing on acquiring established regional players with strong client relationships and technical capabilities.

Strategic Logic

The Office Solutions IT acquisition advances several key strategic objectives for Evergreen's A/NZ expansion. Western Australia represents an attractive market with a concentrated business base and limited competition from large national MSPs, creating opportunities for a well-capitalized acquirer to establish dominant regional presence.

Geographic expansion drives significant value in MSP roll-ups. Key strategic fit factors include:

• Market penetration: Western Australia provides access to mining, energy, and professional services sectors with substantial IT spending
• Service capabilities: Office Solutions IT's established cybersecurity and cloud practices complement Evergreen's broader service portfolio
• Operational leverage: Evergreen can apply proven processes and vendor relationships to accelerate Office Solutions IT's growth
• Cross-selling opportunities: Existing Evergreen clients with Western Australia operations can benefit from local service delivery

The transaction also demonstrates Evergreen's ability to execute larger deals in the region. Previous A/NZ acquisitions were smaller targets, suggesting the company has built sufficient local infrastructure and management capabilities to integrate more substantial platforms.

Valuation Context

While deal terms remain undisclosed, this transaction provides insight into current MSP valuation trends in the Australia/New Zealand market. The characterization as Evergreen's "largest A/NZ acquisition" suggests meaningful scale, likely indicating a target with annual revenues exceeding AUD 10-15 million.

Australian MSP valuations have remained robust despite global economic uncertainty. Quality MSPs with recurring revenue models and strong client retention continue to command premium multiples. Regional players with established market positions typically trade between 5-7x EBITDA, with larger platforms reaching 7-9x for buyers seeking immediate scale.

The Western Australia market commands particular attention from acquirers due to its economic stability and business concentration. Mining and energy sector clients provide substantial contract values and multi-year commitments, supporting higher valuation multiples compared to markets dependent on smaller SMB clients. Geographic isolation also creates natural barriers to competition, enhancing the strategic value of established local providers.

What MSP Owners Should Know

1. Regional market leadership drives premium valuations. Office Solutions IT's position in Western Australia likely commanded a significant premium over comparable MSPs in more competitive markets. MSP owners should focus on establishing clear market leadership in defined geographic or vertical segments rather than competing broadly across multiple regions.

2. Scale matters for strategic buyers. Evergreen's characterization of this as their largest A/NZ deal suggests they were willing to pay up for meaningful scale. MSPs targeting strategic exits should focus on reaching revenue thresholds that represent transformational acquisitions for potential buyers, typically $10+ million annually.

3. International roll-up strategies create opportunities. Evergreen's systematic approach to the A/NZ market demonstrates how global MSP platforms view regional expansion. Well-positioned MSPs in markets targeted by international buyers can benefit from competitive dynamics and strategic premiums beyond traditional financial buyer valuations.

4. Service mix influences strategic value. The emphasis on Office Solutions IT's cybersecurity and cloud capabilities highlights how service portfolio affects acquisition attractiveness. MSPs should invest in high-growth, high-margin service areas that align with buyer strategic priorities rather than competing solely on traditional infrastructure management.