Evergreen, a group of leading managed IT services companies, has acquired Digital Origin, an IT service company in Milton Keynes, England. This investment marks pivotal milestones for both organisations with Evergreen's second acquisition in the United Kingdom and the beginning of Digital Origin's next phase of growth. Knight Corporate Finance acted as exclusive advisors to Digital Origin and the transaction.
Founded in August 2018, Digital Origin provides businesses throughout the UK with comprehensive solutions that combine all of their IT needs within a single provider. Its unique 'Connectivity-as-a-Service' or 'CaaS' business model delivers wholesale IT, MSP, and cybersecurity solutions for three sectors—IT connectivity, telephony, and mobile solutions.
By harnessing the power of their expertise, this partnership will catalyse shared benefits and mutual support for Evergreen and Digital Origin. With Evergreen as its permanent home, Digital Origin is equipped with resources and opportunities that will propel its business growth and innovation forward.
Both Digital Origin and Evergreen stand out as companies with a unique approach to helping their clients achieve their goals. Evergreen's dedication to holding companies indefinitely while preserving legacy and talent provides Digital Origin with the tools to sustain and grow its success.
"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."
With more than 80 IT services acquisitions under their belt, Evergreen 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."
