MSP M&A: Thrive acquires Custard Technical Services
Next-gen MSP Thrive has acquired UK-based IT support company Custard Technical Services for an undisclosed sum.
This is the number 950 technology M&A deal that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.
Thrive, founded in 2000, is based in Foxborough, Massachusetts. The company has 483 employees listed on LinkedIn. Thrive’s areas of expertise include managed and outsourced IT services, hosted cloud services, technical support, onsite engineering, strategic technology consulting, disaster recovery, business continuity planning, professionals, compliance and regulatory services, security, hybrid cloud, cybersecurity, DRaaS and fintech.
Custard Technical Services, founded in 1996, is based in Nottinghamshire, England. The company has 27 employees listed on LinkedIn. Custard’s areas of expertise include IT Support, Proactive IT Support, Managed IT Services, Virtualization, Hosted Exchange, Unified Communications, Hosting, IT Support, Server Support, Disaster Recovery , IT consulting, leased line, networking, network support, IT security, cybersecurity, HaaS, network security, Microsoft Office 365, email and spam protection, IT cloud services and data storage .
Thrive Acquires Custard Technical Services: Executive Insight
Rob Stephenson, CEO of Thrive, commented:
“Custard is a customer-focused, no-nonsense IT support and security company with an excellent reputation for delivering a superb IT experience to customers of all sizes for over two decades. We are delighted to add Custard to our ever-expanding UK operations because of their incredible management team, dedicated people and customers, as well as their attractive geographical location in Nottingham, which will open up the markets of Birmingham, Manchester and Leicester for Thrive’s. Managed services and cybersecurity offerings. »
Chris Pass, CEO and co-founder of Custard Technical Services, said:
“Custard has always been committed to providing reliable and flexible high level IT services to go above and beyond customer needs. We are excited to join Thrive’s global roster and believe that our proven track record and talented top-tier professionals will be a great addition to expanding Thrive’s extensive NextGen solutions portfolio.
Thrive’s M&A Growth
This is Thrive’s fifth acquisition in 2022 and its second acquisition outside the United States since 2021. The deal strengthens the company’s global position, according to the company.
The other deals were for Edge Technology Group, SouthTech, Preemo and DSM.
Thrive has acquired more than a dozen MSPs, IT service providers, and consulting firms since 2016. The company now positions itself as a “security-focused MSP” that provides “comprehensive managed services…to drive secure digital transformation for small and medium businesses across multiple industries,” said Thrive.