New York, NY – Evergreen Services Group, a family of leading managed IT businesses, announced today that it has acquired Telco Experts , Evergreen’s 27th investment since its founding in late 2017. Telco Experts is a leading voice and data telecommunications provider. The company will continue to operate independently but transition leadership with Alex Green joining as CEO. Green comes from an extensive background in management consulting at McKinsey & Company, and recently finished her M.B.A. at Harvard Business School this past spring. Eric Klein, former CEO and co-founder, will help with the transition before ultimately parting with the company.
Telco Experts is headquartered in New York. The acquisition offered Evergreen the opportunity to both cross-sell between Evergreen’s current MSPs and well as an exciting opportunity to grow Telco Experts’ partner program, according to the company.
Evergreen Acquires Telco Experts: Executive Insight
Jeff Totten, CEO, Evergreen, commented on the deal:
“Eric and Adam have built an incredible business in Telco Experts by focusing on customer service and building a great team. We look forward to supporting Telco Experts’ continued growth and commitment to its customers, channel partners and team. We have enjoyed working with Eric and Adam since our first interaction and we’re excited to expand on what they have built.”
Eric Klein, co-founder, Telco Experts, said:
“The Evergreen acquisition is exciting to me personally, as I have always envisioned Telco Experts as an extension to companies’ existing IT teams. Evergreen’s current MSP portfolio and plan to continue purchasing MSPs allows Telco to do what it does best while giving customers what they want, which is a one stop shop for all their voice, data, and IT needs. In addition, with this strategic acquisition, the employees that helped make Telco Experts what it is today can continue to be an integral part of the future growth strategy.”
Adam Goldberg, Telco Experts’ former president and co-founder, added:
“Telco’s success stems from our absolute dedication to client satisfaction and world-class service. With Evergreen’s investment, we are further affirmed in the quality of our company, our team, and our abilities as one of the top voice and data resellers nationwide. It will be exciting to see how Telco will grow with Evergreen’s support.”
Ramsey Sahyoun, head of M&A, Evergreen, said:
“We are very excited to bring Telco’s capabilities to the channel. As technology proliferates within businesses, IT service providers are finding it challenging to deliver the great service that clients expect while not burning out their people. Telco Experts solves that problem by ensuring the end customers get world-class voice and connectivity solutions, while freeing up the service providers to focus on what they do best.”
Q Advisors, a global TMT investment banking boutique, acted as the exclusive financial advisor to Telco Experts.
Evergreen, backed by Alpine Investors, is made up of a group of managed IT services providers. The group has made a number of investments in recent years. Earlier deals involved Starport Managed Services, Wolf Consulting, Executech, Jenlor, Interlaced and Integritek among others.
The deals typically allow MSPs to maintain their existing leadership teams and continue running their businesses independently.