Evergreen is a San Francisco-based holding company that acquires and operates B2B services companies across North America. Since its founding in late 2017, Evergreen has completed 150+ acquisitions across Managed IT Services, Cybersecurity, ERP Software Partners and Government Services. We are driven by a people-first mission to be the best home for businesses and their leaders, by marrying capital allocation with inspired operations.
The Evergreen holding company team is comprised of 50+ professionals based in San Francisco who are focused on capital allocation, M&A, executive level hiring, strategic board leadership, and finance and accounting. Evergreen is a uniquely long-term oriented holding company that seeks to hold and grow businesses indefinitely rather than follow the 5-7 year holding period of a typical private equity fund. This allows us to take a truly long-term view on performance and people. Evergreen is backed by Alpine Investors, a leading private equity firm focused on the services and software industries with $18B+ in AUM.
About M1 Technology
M1 Technology is a Virginia-based government contractor specializing in high-end software development, operational support, and technical services for the Intelligence Community. With a focused and skilled team operating in the Intelligence Community, this business has established itself as a trusted partner to prime contractors and government customers alike. The business is positioned for its next chapter of growth and this Executive hire is the key unlock to lead the core business operations and oversee organic growth.
M1 Technology also has 5 independent and decentralized subsidiary companies. This role will interface and work collaboratively with these companies to help promote mutual growth and business development.
About Cedar Solutions Group (M1’s Parent Company)
Cedar Solutions Group is a Denver, Colorado-based holding company that acquires and operates government-services businesses across the United States. Cedar is driven by a people-first mission: invest in exceptional talent and technology to deliver effective government solutions. We are uniquely long-term oriented — we seek to hold and grow our businesses indefinitely, not flip them.
Cedar is backed by Evergreen and Alpine Investors, a leading private equity firm focused on services and software with $16B+ in AUM. Our portfolio companies benefit from proven playbooks, shared resources, and a culture built on accountability, continuous improvement, and genuine care for people.
The Opportunity
M1 is seeking a Group Controller to lead the finance and accounting function across a group of companies. This person will partner with the COO to achieve strategic objectives and work with the finance and accounting team at Cedar. The Group Controller will also lead each business in the preparation of consolidated monthly financial reporting, provide real-time insight into our operating metrics, and assist with the financial onboarding process for new operating companies. This person is a "player-coach" who can get into the journal entries to support a business as needed but also has the capacity to lead and accomplish tasks through leading a team.
The Group Controller will also set up and refine the automation practices, systems, processes, and team across the finance and accounting functions of each of our businesses to meaningfully scale both organically and through acquisition. The ideal candidate has a strong entrepreneurial spirit and is excited by the opportunity to build a first-class finance and accounting function.
Key Responsibilities
Strategic Partnership & Growth
Portfolio Compliance & Governance
Team Leadership & Scalability
Data & KPI Analysis
Acquisition & Onboarding
Attributes We Hire For
Qualifications
Compensation & Benefits
We encourage you to apply even if you don't check every box. The right attributes matter more to us than a perfect resume match.
We encourage you to apply even if you feel that you do not meet all of the above qualifications. Frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. Evergreen encourages you to break that statistic and to apply. No one ever meets 100% of the requirements. We look forward to your application!
DIVERSITY, EQUITY, & INCLUSION AT EVERGREEN
At Evergreen, we acknowledge that an emphasis on diversity, equity, and inclusion (“DE&I”) is essential to hiring phenomenal people. To create the best home for businesses and spark success at our firm and throughout our portfolio, we aim to establish an environment where every person is welcomed, accepted, and empowered to excel in their role. These beliefs run true to our People-first philosophy, which emphasizes attributes over experience, we strive to recruit and work with those from a range of backgrounds, which drives creativity and innovation. At Evergreen, we recognize that we must continue to improve and expand and we are enthusiastic about maintaining Evergreen as one of the best places to work by ensuring a culture of inclusion and allowing everyone an unbiased opportunity to grow.
Compensation
A competitive compensation package will be offered alongside a benefits package including full medical and dental coverage, unlimited PTO, 401(k) match, family planning support, and much more.
Evergreen Services Group is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law. As an equal opportunity employer, we offer competitive compensation packages, robust benefits and professional growth opportunities aimed at helping to improve our employees' lives and careers.
Evergreen Services Group acts as a permanent home for technology services businesses by acquiring and owning them long-term. It does not flip or merge companies; instead, it lets each business operate independently within a supportive network of 300+ business leaders and a proven growth playbook. The core work is to provide ongoing ownership, shared resources, and guidance to help each business grow to its fullest potential. The company differentiates itself by committing to lifelong ownership, maintaining the solid foundation of each business, and fostering a collaborative community rather than rapid changes. Its goal is to keep technology services firms under stable, lasting ownership and help them scale over time.
Company Size
1-10
Company Stage
N/A
Total Funding
N/A
Headquarters
San Francisco, California
Founded
2017
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Evergreen continues acquisition streak with SA-based Concept Data deal. 30 Sep 2026 4 mins Addition of AI-focused advisory through acquisition. Evergreen has continued its acquisition streak with the purchase of Concept Data and its sister business Voice Select, an Adelaide-based technology consultancy, managed services and business communications provider. Made through Evergreen's Lyra Technology Group subsidiary, Concept Data and Voice Select will continue to operate independently under their established brands from Adelaide. CEO Gary Paradise and the existing team will remain in place. "This partnership allows us to retain what makes our business successful while gaining access to greater resources, deeper expertise and a wider community of technology businesses," said Paradise. "For our clients and team, it is very much business as usual, with exciting opportunities to expand our capabilities and build an even stronger future together." Founded in 2014, Concept Data helps organisations improve security, operational resilience and business performance through practical technology solutions. Its capabilities span managed IT services, cyber security and compliance, Microsoft 365 and cloud services, AI enablement and automation, private cloud hosting, business continuity and disaster recovery, and strategic technology advisory. Voice Select, established in 2018, specialises in hosted voice and VoIP phone systems, SIP and carrier services, number management and ongoing telecommunications support. Both businesses give clients one accountable team across IT, security, cloud and voice, supporting small and medium-sized organisations across industries such as healthcare and medical services, professional services, construction, finance, not-for-profit, education and other security-sensitive, business-critical environments. "We are incredibly proud of what our team has built," said Paradise. "Nexifi Group chose to partner with Lyra and Evergreen because they understand that the strength of its business comes from its people, its culture and the trusted relationships Nexifi Group has with its clients. "They also bring the experience and know-how to help us accelerate our growth and take the business to the next stage of its journey." The business achieved record revenue and growth in its most recent financial year. Over the past decade, it has expanded from traditional managed IT into cyber security, compliance, AI enablement, private cloud and advisory. Lyra regional Australia and New Zealand (A/NZ) CEO Waruna Kirimetiyawa said the Adelaide-based tech providers bring deep expertise serving medical customers and "valuable sector knowledge to our group and further strengthens" its footprint in South Australia. "We see an exciting opportunity to build on that strong foundation, supporting Concept Data with the resources, capabilities and connections of our global network while preserving the local relationships and personal service their customers value," he added. "We can't wait to work together and help Concept Data reach its next stage of growth over the long term." "With Lyra's backing, Concept Data and Voice Select plan to deepen their capabilities and pursue new growth opportunities while continuing to deliver the practical advice and responsive support their clients rely on." The Adelaide-based technology service providers join Evergreen's other recent acquisitions, including Office Solutions IT, Stratus Consulting Group and Evolution Business Systems. The acquisition reflects Evergreen's broader investment strategy in the region, as well as its view that AI will drive the next major shift for MSPs. This will increase demand for providers that can deliver advisory services. This includes automation and business process expertise alongside traditional technology support, according to Evergreen vice president of mergers and acquisitions (M&A) Sydney Hockett and A/NZ managing director Zaun Bhana in a previous ARN article. For Bhana, that shift will ultimately be defined by customer relationships rather than technology alone. "I think that advisory relationship and trust building is what's going to separate the industry," he said at the time. Don't miss a thing From its editors straight to your inbox. Get started by entering your email address below. Community Editor
Evergreen's Lyra Technology Group has acquired Adelaide-based Concept Data and its sister business Voice Select, a technology consultancy and managed services provider. Founded in 2014, Concept Data offers managed IT services, cyber security, cloud services, and AI enablement. Voice Select, established in 2018, specialises in hosted voice and VoIP systems. The acquisition marks Lyra's fifth in the ANZ region this quarter. Concept Data recently achieved record revenue and has expanded from traditional managed IT into cyber security, compliance, and AI enablement over the past decade. Chief executive officer Gary Paradise and the existing team will remain in place. Both businesses will continue operating independently under their established brands from Adelaide, serving clients across healthcare, professional services, construction, and finance sectors.
Build vs. Buy, trust and talent: 5 takeaways from the Channel Visionaries Power Panel. Aug 4, 2026 Quick answer: At ChannelCon 2026, six channel executives from Ingram Micro, Microsoft, Thrive, ConnectWise, Nucleus Networks and Evergreen joined GTIA's Carolyn April to discuss where the IT channel stands today. The panel's consensus: AI has moved past the hype cycle and into measurable ROI, trust and data security are now the deciding factors in client relationships, and the channel's biggest opportunity is using AI internally before selling it externally. Channel Leaders Agree: AI Has Moved Past the Hype Cycle The Channel Visionaries Power Panel opened with a direct question from Carolyn April, vice president, research at GTIA: What will separate successful channel companies today? The panelists agreed on one thing immediately - the AI debate is over. Manny Rivelo, CEO of ConnectWise, pointed to hard numbers: Companies investing in AI tools over the past 12 months are seeing measurable returns, with best-in-class organizations posting 14% gains. "It's not hype anymore," he said. "It's real, and it's impacting how you run your business." The remaining question, he added, is whether to build or buy. Craig Fulton, M&A advisor at Evergreen, framed the shift in terms of customer service. Channel companies have spent years automating their own operations. The next move is helping customers do the same - starting with better understanding of customer needs across verticals, not a full-scale rollout on day one. Nina Harding, corporate vice president at Microsoft, added a caution alongside the optimism. The channel has moved from experimenting with AI to depending on it operationally. But trust remains the deciding factor. Clients need confidence that the platform behind an AI solution is secure, because when something goes wrong, they're calling their MSP first. Security and data, she said, is the foundation everything else sits on. Jennifer Anaya, SVP of global marketing at Ingram Micro, reframed AI as less of a technology conversation and more of a business opportunity. Partnering and understanding real client needs may matter more than the tools themselves - and AI's biggest value is in reducing the friction that has always made channel business complex. The panel's biggest opportunity call came from Jennifer Roy, CEO of Nucleus Networks: Internal adoption first. Many MSP operators still aren't using AI inside their own businesses. Her advice - use the tools before asking clients to trust you with them, and lead client conversations with business outcomes rather than technology specs. Build vs. Buy: A Question of Core vs. Context Asked how MSPs should decide between building AI tools in-house or buying off the shelf, Rivelo offered a clear framework: Separate what's core to your business from what's context. Core capabilities - the things that differentiate a company in the market - are worth building. Context - the operational tools needed to run the business - are usually better bought. The risk, he noted, is mistaking something disruptive for something core. Jonathan Philipsen, EVP of channel & alliances at Thrive, echoed the same lens: Some tasks are better purchased off the shelf to stay agile, while other capabilities become the foundation of what a company sells to its own clients. Anaya returned to data as the connective tissue across the conversation. Channel companies already sit on top of client networks, data and security - understanding how to use that position well will define competitive advantage over the next several years. Harding agreed, noting that change management conversations increasingly lead straight to data and security, and that tying those conversations to the metrics clients care about is where the real value shows up. Cybersecurity: Standardize First, Then Scale On what smaller ITSPs can do to stay secure, Roy pointed to fundamentals: A standard, compliant technology stack. Without that foundation, she said, everything built on top of it becomes unstable. She also pointed to peer communities like GTIA as a practical resource for benchmarking against others facing the same challenges. Philipsen described this as operational discipline - "slow down to speed up" - both as a security practice and as proof to clients that a company holds itself to the same standard it recommends. Harding noted a shift in the nature of the threat itself: Security concerns used to focus on outside threats but now include identifying the growing number of AI agents operating inside a company's own environment. Roy closed the topic with a workforce reality check: Executing on strong security practices requires trained talent, and that talent is in short supply. Investing in people, she said, isn't optional. M&A: Recurring Revenue Is Still the Prize Private equity has reshaped the channel, and the panel didn't shy away from what buyers are looking for. Fulton pointed to recurring, contracted revenue as the primary driver behind the wave of MSP acquisitions - the same model that first drew PE into SaaS. Companies looking to maximize valuation should focus there first. Rivelo added a new variable to the equation: AI's ability to change a company's profitability model is itself becoming a factor that attracts PE interest. Philipsen rounded out the buyer's checklist with three criteria: Contract revenue, culture and how effectively a company is using AI to operationalize its business - plus a practical reminder to get documentation in order well before a deal conversation starts. Culture and trust remain central once a deal happens. Fulton emphasized that a successful ITSP is built on relationships specific to their community - not a playbook that transfers cleanly from one market to another. Knowing an acquirer's plans in advance, and protecting the customer relationships already built on trust, matters as much as the deal terms themselves. AI and the Workforce: Adding Value, Not Replacing People The panel's final topic tackled the human side of AI adoption directly. Anaya named culture as the deciding factor in whether employees trust what leadership is doing with AI. Harding shared that her own sales organization has shifted toward people who know the industry deeply rather than pure technologists - and that some of the most innovative ideas inside her company are coming from non-technical staff who are being freed up for more strategic work. Philipsen added that curiosity, not technical background, tends to produce the best ideas - and that framing AI adoption around adding value, rather than reducing headcount, is essential to getting that curiosity out of people. Roy agreed: Leading with why, staying transparent about intent and following through on that intent builds the trust that makes adoption possible. Rivelo pointed out that technical skill isn't going away - it's evolving. The bigger opportunity sits with the people running the business, who can ask a simple but powerful question: If Global Technology Industry Association built this from scratch today, how would Global Technology Industry Association do it more efficiently? Harding added that she's investing more, not less, in technical talent, particularly around data and security, as end users gain more ability to build tools themselves. April closed the panel with a broader observation: AI may be the first force with the potential to break down long-standing silos between departments - and even bring the industry closer together. Best Leadership Advice from the Panel * Jennifer Anaya: Listen hard. * Craig Fulton: People are what make companies great. * Nina Harding: Stay curious and keep a growth mindset - ask "why" on repeat. * Jonathan Philipsen: This is an evolution, not a revolution. * Manny Rivelo: Lead with clarity. Act with urgency. Change your culture faster than the environment changes around you. * Jennifer Roy: Take risks. Frequently Asked Questions Who spoke at the Channel Visionaries Power Panel at ChannelCon? The panel featured Carolyn April (GTIA, moderator), Jennifer Anaya (Ingram Micro), Craig Fulton (Evergreen), Nina Harding (Microsoft), Jonathan Philipsen (Thrive), Manny Rivelo (ConnectWise) and Jennifer Roy (Nucleus Networks). What did the panel say about AI adoption in the channel? The panelists agreed AI has moved past the hype cycle into measurable business impact, with best-in-class companies seeing double-digit returns on AI investment. The bigger opportunity, they said, is internal adoption - using AI to run the MSP's own business before selling AI-enabled services to clients. How should MSPs decide whether to build or buy AI tools? Panelists recommended building AI capabilities that are core to what differentiates the business and buying tools for operational tasks that support the business but aren't a source of competitive advantage. What's driving M&A activity in the IT channel right now? Recurring, contracted revenue remains the top driver of channel acquisitions, with private equity buyers also weighing culture, AI-driven profitability, and documentation quality. Will AI replace jobs in the channel? The panel's consensus was no. Leaders described AI as a way to reduce mundane tasks and free up staff for more strategic, creative work - while noting that technical talent, particularly around data and security, remains in high demand. Get more ChannelCon news and follow GTIA on LinkedIn!
/PRNewswire-PRWeb/ -- Evergreen today announced its largest acquisition in the ANZ region, welcoming Office Solutions IT (OSIT) to its growing portfolio of...
What MSPs need to know about today's M&A market. * April 17, 2026 * 3:32 pm Earlier this week, MSP holding company Evergreen hosted their second annual event, Elevate, in Chicago, Illinois. Attendance more than tripled from last year's inaugural event, with MSPs from across the country gathering for a day focused on increasing business value and understanding current market dynamics. The surge in attendance reflects a broader trend across the MSP space: operators are actively seeking clarity on where the market is headed and how to position their business for long-term success. With consolidation continuing across the industry, events like this highlight how top operators are thinking about growth, exit strategies, and future positioning. Here's what you missed. The current state of M&A. The event kicked off with insights on the current M&A market from Sydney Hockett, Evergreen's VP of M&A. "If I had to pick one word to describe the state of M&A and the MSP space right now, it would be busy. It's the busiest it's ever been. There are the most buyers, the most transactions happening, and the most money flying around that we've ever seen," Hockett said. "It's a seller's market," she added later in an interview with MSP Success. "There's probably the highest volume of buyers that we've seen." The key takeaway is timing and optionality: strong demand means more opportunities, but not necessarily urgency to sell. As Hockett noted, there is no shortage of buyers for those who want to enter the market, giving MSP owners the ability to be more selective and strategic about if and when they pursue a deal. It also reinforces the importance of building a business that is "sellable" long before a transaction is on the table. MSPs that invest early in operational maturity, documentation, and scalable processes are better positioned to capitalize when opportunities arise. What to look for in a potential buyer. Hockett shared practical guidance for MSP owners navigating the sales process. "There are a million different versions of acquirers, offers, good structures, [and] people you can sell to - and buyers are always going to tell you what you want to hear, to some extent," she said. "I think you should choose to partner with someone that is honest with you and upfront about the good, bad, and ugly, but you also have to do your due diligence yourself." Here are a few areas Hockett recommends MSPs should spend time evaluating when looking to sell: * The buyer's structure and operating model * What selling to a roll-up means for employees and customers * Personal post-sale goals and how the deal supports them * Whether the buyer has committed capital or needs to raise funds * Feedback from previous sellers, including unexpected challenges Don't only focus on the financial. Beyond these factors, MSPs should also think critically about alignment. A deal structure may not look attractive on paper, but long-term success often hinges on how well the buyer's operating approach matches the seller's expectations. Culture, decision-making autonomy, and growth strategy can all have a significant impact after the transaction closes. In practice, this means MSP business owners should focus on more than just financial terms and evaluate how decisions will be made post-sale, what level of autonomy they will retain, and how success will be measured. Misalignment in these areas is often where deals that appear strong upfront, break down over time. "Every single person has different experiences. I would [talk to] a minimum of three people to understand what their experiences have been like. Ask those questions; if the buyer doesn't want you to talk to any references, that should be a red flag," she said. This emphasis on reference-checking highlights a broader shift in the market: with more transactions happening, MSP owners have greater access to real-world insights from peers. Taking advantage of that transparency can help avoid costly misalignment after the deal is done. As the M&A market continues to accelerate, MSP owners are being presented with more opportunity, and more complexity, than ever before. The abundance of buyers creates leverage, but it also raises the stakes for making the right long-term decision. Those who approach the process with clarity around their goals, a strong operational foundation, and a commitment to thorough diligence will be best positioned to capitalize on current market conditions. Ultimately, success in today's environment isn't just about closing a deal - it's about choosing the right partner to support the next phase of growth. For more on ensuring any M&A deals go off without a hitch, learn why a culture match is so critical to M&A happiness. Share: Sarah Jordan. Sarah Jordan is a staff writer at MSP Success. When she's not reporting on trends and issues pertinent to the MSP community, you can usually find her working on her novel's manuscript.