Miii MSP has acquired Canadian IT solutions provider Triella. The financial terms of the deal were not disclosed.
This is the technology M&A deal number 346 covered by ChannelE2E so far in 2022. View more than 1,000 technology M&A deals involving MSPs, MSSPs, and IT service providers listed here.
Mii MSP acquired Triella
Triella is a Canadian IT solutions provider that partners with professional service companies to deliver cloud infrastructure, backup and recovery-as-a-service, security and IT solutions including vCIO, managed services and solutions. business, according to the Triella website. The company also delivers managed private cloud and targeted security and managed IT solutions, and is primarily focused on the legal industry. Other customers include professional service companies, schools and SMEs, according to Triella.
Miii MSP is a long-term growth investor in the US and Canadian MSP markets. The company’s mission is to “acquire MSPs and grow their annual recurring revenue. Our mission is to be the first choice for MSPs who want to grow, become more profitable and open up endless possibilities, ”according to the company’s website. Miii MSP acquires, operates and grows existing MSPs and maintains their current branding and name, the company says. Founders can choose to keep a minority stake, stay as a counselor or retire, according to the Miii MSP.
About Tequity
Tequity, an M&A advisory firm that specializes in global enterprise B2B cloud, SaaS and IT enterprise transactions, acted as exclusive financial advisor to Triella upon their acquisition of Miii MSP. Tequity emerged in 2018 as a key M&A advisor, primarily to Salesforce partners. In essence, Tequity helps provide a potential exit doorway for companies willing to sell, and company scrutiny for potential buyers.
Tequity’s work covers everything from SaaS and legacy software solutions in multiple vertical and horizontal markets to all major cloud ecosystem partners including Salesforce, ServiceNow, SAP, Microsoft and Oracle, according to the website Tequity. The company also has experience with XaaS providers including managed services, security, infrastructure and platform solutions and related cloud offerings on AWS, Azure, IBM and Google Cloud, Tequity said.