MSP Market Insights 2025

Stay informed with the latest acquisition trends, valuation data, and market analysis for MSP businesses across the UK

Market Overview

The UK MSP market is experiencing unprecedented growth and consolidation activity

Market Size & Growth

£310B

Global MSP Market (5yr forecast)

15%

Annual Growth Rate

The managed service provider industry is forecasted to reach £310 billion globally within the next 5 years, driven by digital transformation initiatives and increasing cybersecurity demands.

UK Acquisition Activity

11+

Major Acquisitions (H1 2025)

3

Evergreen UK Acquisitions

H1 2025 has seen over 11 significant UK VAR/MSP acquisitions, with Evergreen Services Group alone acquiring 3 UK MSPs in Q4 2024.

Valuation Multiples

Current market multiples for MSP businesses across different revenue tiers

£250k-£1M EBITDA
4-5x

EBITDA Multiple

All cash deals typical

£1M-£2M EBITDA
5-6x

EBITDA Multiple

Mix of cash and earnouts

£2M-£5M EBITDA
6-8x

EBITDA Multiple

Strategic premium

Premium Deals
8-10x

EBITDA Multiple

Cybersecurity specialists

Key Market Trends

Important developments shaping the MSP acquisition landscape

Cybersecurity Premium

MSPs with cybersecurity specialization (MDRs) are commanding the highest valuations, often 1-2x above standard multiples.

  • SOC services in high demand
  • Compliance expertise valued
  • Security-first positioning
Geographic Expansion

Strategic buyers are acquiring MSPs primarily for geographic market expansion and local client relationships.

  • Regional market penetration
  • Local brand recognition
  • Established client bases
Talent Scarcity

Skills shortage in IT sector is driving M&A activity as companies acquire talent through business purchases.

  • Technical expertise premium
  • Retention packages important
  • Cultural fit considerations

Active Acquirers in UK Market

Major players actively acquiring MSPs across England

Strategic Acquirers

  • Evergreen Services Group: Acquired 3 UK MSPs in Q4 2024 (ITBuilder, Certum, CIS Ltd), now owns 5 UK MSPs total
  • Softcat: Made their first-ever acquisition in H1 2025, signaling market entry
  • Ekco: Acquired Predatech (cybersecurity specialist) in May 2025
  • Abacus Group: Recently acquired financial services-focused MSP

PE-Backed Roll-ups

  • Redsquid: Continuing aggressive acquisition strategy across UK regions
  • Flotek: Active in MSP consolidation with focus on mid-market
  • Focus Group: Building national MSP platform through acquisitions
  • International Buyers: US and European acquirers seeking UK market entry

Key Value Drivers

Factors that significantly impact MSP business valuations

Premium Value Drivers
  • 80%+ Recurring Revenue: Predictable monthly service contracts
  • Cybersecurity Focus: SOC, MDR, and compliance services
  • Vertical Specialization: Financial services, healthcare expertise
  • Long-term Contracts: 3+ year agreements vs annual
  • Scalable Operations: Documented processes and procedures
  • Geographic Market Position: Dominant local presence
Value Detractors
  • Low Recurring Revenue: Under 50% monthly recurring
  • Owner Dependency: Key person risk with founder
  • Customer Concentration: Single client over 20% of revenue
  • Aging Technology: Legacy systems and infrastructure
  • High Churn Rates: Client retention below 90%
  • Competitive Market: Saturated local market

Position Your MSP for Maximum Value

Use these market insights to optimize your business for a successful sale