CMIT Solutions is a national managed services provider and franchise network that has been actively acquiring regional MSPs to expand its geographic footprint across the United States. Founded in 1997 by Joe Kelly in Denver, the company now operates from Austin, Texas headquarters and maintains over 170 locations nationwide. CMIT Solutions has completed at least two verified acquisitions in 2025 - Velox Systems in the West and Wright Technology Group in the Northeast - as part of its strategic expansion into key regional markets. The company targets established regional MSPs that can strengthen its presence in specific geographic areas while adding local market expertise to its national platform.
Company Overview
CMIT Solutions operates as a nationally recognized managed IT services provider with a franchise-based business model spanning nearly three decades. The company was founded in 1997 by Joe Kelly in Denver and expanded into Texas in 2007 through acquisition. Today, CMIT Solutions maintains parent headquarters in Austin, Texas, and operates over 170 locations across the United States.
The company delivers enterprise-grade cybersecurity, 24/7 monitoring, and insurance-ready compliance services to small and medium-sized businesses. CMIT Solutions has been recognized on CRN's MSP 500 Elite 150 list and partners with ConnectWise for its technology stack. The company's current PE sponsor and revenue figures are not publicly disclosed.
CMIT Solutions positions itself as a provider of proactive, scalable IT solutions that allow businesses to access professional IT services without maintaining internal teams. The platform emphasizes cybersecurity, system monitoring, and compliance capabilities across its franchise network.
Acquisition Strategy
CMIT Solutions pursues a geographic expansion strategy through the acquisition of established regional MSPs. The company targets providers that can strengthen its market presence in specific regions while adding local expertise and customer relationships to its national platform.
Key acquisition criteria appear to include:
- Regional market leaders: MSPs with strong local market positions and established customer bases
- Geographic expansion targets: Providers in markets where CMIT Solutions seeks to establish or strengthen presence
- Complementary service capabilities: MSPs that align with CMIT's focus on managed services, cybersecurity, and compliance
- Established operations: Mature MSPs with proven business models and revenue streams
The company's acquisition approach focuses on integrating regional providers into its broader franchise network while maintaining local market relationships and expertise. This strategy allows CMIT Solutions to expand its geographic coverage while leveraging the local knowledge and customer relationships of acquired MSPs.
Deal History
| Year | Target | Type | Region | Notes |
|---|---|---|---|---|
| 2025 | Wright Technology Group | Regional MSP | Northeast | Strengthened presence across Greater Providence region |
| 2025 | Velox Systems | Regional MSP | West | Geographic expansion in Western markets |
| 2007 | Undisclosed | Regional MSP | Texas | Initial expansion into Texas market |
What MSP Owners Should Know
As Gui Carlos, CFA observes, CMIT Solutions represents a strategic acquirer focused on geographic expansion rather than pure financial engineering. MSP founders should consider several key factors when evaluating this potential buyer.
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Geographic fit matters most: CMIT Solutions prioritizes acquisitions that strengthen specific regional markets. MSPs in markets where CMIT lacks presence or seeks density will be most attractive to this buyer.
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Franchise integration model: Unlike traditional PE platforms, CMIT operates a franchise network that may offer different integration approaches. Sellers should understand how their operations would fit within this franchise structure and what autonomy they might retain.
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Long-term strategic focus: As a strategic acquirer rather than PE-backed platform, CMIT Solutions may offer different timeline expectations and growth strategies compared to financial buyers. This could benefit sellers seeking stability over aggressive growth mandates.
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Established platform advantages: With nearly 30 years of operation and over 170 locations, CMIT offers mature systems, processes, and vendor relationships that can benefit acquired MSPs seeking operational scale.
Valuation Context
CMIT Solutions' deal terms and valuation multiples are not publicly disclosed. As a strategic acquirer, the company may offer different valuation approaches compared to PE-backed platforms, potentially focusing on strategic value rather than pure financial metrics.
Strategic acquirers like CMIT Solutions often evaluate deals based on geographic expansion value, customer base quality, and operational synergies rather than solely on EBITDA multiples. This can sometimes result in competitive valuations for MSPs in target markets, though specific terms vary significantly based on strategic fit and market conditions.
For context, quality MSPs in the current market typically command valuations ranging from 6-10x EBITDA, with strategic premiums possible for businesses that offer significant geographic or capability expansion opportunities to the acquirer.
Sources
- CMIT Solutions - CMIT Solutions Acquires Wright Technology Group, Strengthening Presence Across Greater Providence Region - https://cmitsolutions.com/article/cmit-solutions-acquires-wright-technology-group/
- ConnectWise - CMIT Solutions Partner Success Story - https://www.connectwise.com/case-studies/cmit-solutions
- Xplifi - Featured MSP CMIT Solutions - https://www.xplifi.com/featured-msp-cmit-solutions
- Jumpfactor - Top Dallas Managed IT Service Providers 2025 - https://www.jumpfactor.net/top-managed-it-services-dallas/
- LinkedIn - Brendan Schmolz CMIT Solutions acquires Wright Technology Group - https://www.linkedin.com/posts/cmit-solutions-inc_cmit-solutions-is-expanding-in-new-england-activity-7344031740497154051-m9gc