Are MSP owners planning for an exit?
James Ratcliff, Ratcliff IT
Many owners are thinking in three, six, or 12 month windows. Buying can be attractive because organic growth is hard and acquisition can bolt on years of progress.
2024 MSP Trends Report
Mergers and Acquisitions
How MSPs view growth and sustainability through buying and selling businesses.
Open to selling
59%
A majority of surveyed MSPs were open to selling their business.
The sale and purchase of business is key in long-term planning.
When looking at growth from a long-term perspective, both mergers and acquisitions are big ways that business owners look to manage their path forward. Whether it's bringing in a new business to augment or improve the existing service, or selling the business to be a part of a bigger group, MSP owners are examining their options.
Owners are also planning for their exit from the industry as well, whether its retirement or moving into a new opportunity.
How MSPs feel about selling their business
59% of MSPs are open to selling.
8% are looking to sell in 2024, while 13% plan to sell in 2025 at the earliest.
38% have no plans, but are open to the prospect of a sale. 35% never plan to sell, and the remaining 6% are unsure.
Top Stats
Source survey data
are open to selling
59%
have no plans but are open to a sale
38%
never plan to sell
35%
plan to sell in 2025 at the earliest
13%
are looking to sell in 2024
8%
are unsure
6%
The dangers of not having an exit strategy
Carrie Green, Alt-Tech Inc.
Even without a set-in-stone exit strategy, owners need to understand what the future could look like. Looking that far ahead can feel daunting.
How MSPs feel about acquiring another business
71% of respondents said they are open to acquiring another business.
14% are looking to purchase in 2024, while another 20% said they wouldn't until 2025 at least.
23% say they never plan to purchase another business, with the remaining 6% unsure. The largest group was the 37% of MSPs who had no plans but were open to the idea.
Top Stats
Source survey data
are open to acquiring another business
71%
have no plans but are open to the idea
37%
never plan to purchase another business
23%
plan to purchase in 2025 at the earliest
20%
are looking to purchase in 2024
14%
are unsure
6%
