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It Consulting Firm
Location: United States -> Pennsylvania
Industry: Business Services > Other Services




Business Summary

IT Solutions provides a broad range of IT services to clients in the legal, insurance, hi-tech, and manufacturing logistics industries

Based in Pennsylvania (all clients are US-based)
Offshore Delivery Center (OCD) in Coimbatore, India; 110+ associates

The Company specializes in industry leading niche product implementations (Guidewire, Oracle C2M), technology transformation services, SMAC (Social, Mobile, Analytics, Cloud) stack implementation and application development & testing (Microsoft, Java, Open Source)

Recurring revenue model consisting of lights-on services, sunset app management, maintenance, enhancements, defect fixes, compliance, upgrades, and automation

Although no one could have predicted the COVID-19 crisis, the Company began positioning for an economic downturn in 2018
-The Company transitioned clients to its Offshore Delivery Center resulting in higher profitability margins, improved execution models, increased client retention, and additional pull-through revenue

IT Solutions has the infrastructure in place to continue to expand its client base while maintaining strong profitability

The Company is forecasting 2021 revenue and adjusted EBITDA of $5.6M and $2.0M, respectively

IT Solutions is seeking a financial or strategic buyer to facilitate an acquisition

The owners are interested in remaining involved with the business post-transaction

The acquisition opportunity offers the following benefits:

-Buyer can acquire an established, growing, profitable business with capacity for continued growth
-Scalable business model
-Highly profitable and loyal customer base
-Highly trained and engaged technical workforce


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $5,600,000
Cash Flow:   $2,000,000
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  2008
Number of Employees:  100 - 200
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease




Print Listing Id: 700361463
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Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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