Evergreen has acquired Digital Origin, an IT service company in Milton Keyes, England. Evergreen is a family of managed services and software companies funded by private equity with a buy-and-hold philosophy. Their slogan is “A Permanent Home for Your Business and Leaders.”
This is technology M&A deal number 88 that ChannelE2E and sister brand MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
This investment marks pivotal milestones for both Evergreen and Digital Origin. This is Evergreen's second acquisition in the UK. Evergreen announced its initial UK expansion in September 2023 when it acquired The Final Step.
The deal also marks the beginning of Digital Origin's next phase of growth, the companies said in a statement. Knight Corporate Finance acted as exclusive advisors to Digital Origin and the transaction.
Digital Origin’s Details
Founded in August 2018, Digital Origin currently has 33 employees listed on LinkedIn. The company provides businesses throughout the UK with comprehensive solutions that combine all of their IT needs within a single provider.
Its connectivity-as-a-service or CaaS business model delivers wholesale IT, MSP, and cybersecurity solutions for three sectors -- IT connectivity, telephony, and mobile solutions.
This business combination will catalyze shared benefits and mutual support for Evergreen and Digital Origin, the companies said. Digital Origin has gained resources and opportunities that will propel its business growth and innovation forward.
Executive Comments About the Deal
"The shared values and missions between Evergreen and Digital Origin is what makes this acquisition so compelling and mutually beneficial," said Sydney Hockett, vice president of M&A at Evergreen. "Digital Origin's commitment to technological innovation, outstanding customer service and world class team fits well with Evergreen's strategic vision and values and will be an integral part of our continued UK expansion."
Evergreen has completed more than 80 IT services acquisitions and has a proven track record of investing in businesses’ continued success while retaining talent, leadership and legacy.
James Evans, Chief Executive Officer at Digital Origin, said:
"This deal represents the next pivot point in an increasingly exciting journey that Digital Origin started back in 2018, we now have the rocket fuel required to take us and our clients forward as we traverse the digital Agora and next leg of our evolution — we couldn't be more excited."
