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TechServe Solutions

IT Services / Managed Services · Asking $108.9M (9.0x Adjusted EBITDA)

Confidential Information Memorandum

TechServe Solutions

IT Services / Managed Services

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Executive Summary

TechServe Solutions ("TechServe" or the "Company") is a premier provider of managed IT services and cloud infrastructure solutions headquartered in Austin, Texas. Founded in 2011 by CEO and majority owner David Chen, TechServe has grown from a two-person consultancy into a 320-employee organization serving over 180 clients across the Southern United States.

The Company generated $45.2 million in revenue and $12.1 million in Adjusted EBITDA (26.8% margin) for the fiscal year ending December 2024. TechServe's management team is seeking a strategic partner to accelerate the Company's next phase of growth, which they project will bring revenue to $92 million by 2027.

Investment Highlights:

  • Recurring managed services revenue model with 95% gross retention rate
  • Positioned in the fast-growing managed IT services market (11% CAGR)
  • Strong Adjusted EBITDA margins with demonstrated scalability
  • Significant cross-sell and geographic expansion opportunities
  • Experienced management team with deep domain expertise

The selling shareholders are seeking a valuation of $108.9 million, representing approximately 9.0x 2024 Adjusted EBITDA.

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