Evergreen Acquires Office Solutions IT (OSIT) to Expand ANZ Footprint

Why It Matters

The acquisition strengthens Evergreen’s position in the fast‑growing ANZ MSP market, giving it scale to cross‑sell services while providing OSIT a clear succession path and access to broader resources.

Key Takeaways

• Evergreen adds OSIT as its third ESOP‑backed MSP in ANZ
• OSIT supports 1,000 SMBs and 20,000 users across three Australian cities
• OSIT achieved 10× organic revenue growth over the last decade
• Deal preserves OSIT’s culture while granting access to Evergreen’s resources

Pulse Analysis

The Asia‑Pacific managed service provider (MSP) sector has been consolidating rapidly as enterprises seek outsourced IT expertise to accelerate digital transformation. Evergreen, operating under its Lyra Technology Group, has pursued a roll‑up strategy that emphasizes employee‑owned (ESOP) businesses, allowing acquired firms to retain operational autonomy while benefiting from shared resources. By targeting high‑performing MSPs with proven growth, Evergreen aims to create a network that can deliver consistent, scalable cloud and security services across the ANZ market. The OSIT acquisition marks the latest step in that playbook, expanding Evergreen’s footprint in Australia’s three largest business hubs.

Founded three decades ago, Office Solutions IT (OSIT) has become a top‑tier Australian MSP, supporting roughly 1,000 small‑ and midsize enterprises and over 20,000 end users in Perth, Sydney and Melbourne. Its 10‑fold organic revenue increase over ten years reflects a customer‑centric model that aligns services with business outcomes, a strategy that also drove three subsidiary acquisitions between 2022 and 2023. OSIT’s ESOP structure resonated with Evergreen’s philosophy, ensuring that the company’s strong culture and leadership pipeline remain intact while unlocking capital for further expansion.

The combined entity gives Evergreen immediate scale, a broader geographic reach, and a deeper portfolio of cloud, cybersecurity and managed desktop solutions. For OSIT’s clients, the partnership promises faster access to advanced technologies and a larger support ecosystem without disrupting existing service levels. Industry observers see the deal as a bellwether for continued MSP consolidation in the ANZ region, where demand for hybrid‑cloud management and compliance services is outpacing supply. As Evergreen integrates OSIT, the firm is positioned to leverage cross‑selling opportunities and accelerate its goal of becoming the dominant MSP platform across Australia and New Zealand.

Deal Summary

Evergreen announced the acquisition of Office Solutions IT (OSIT), its largest deal in the ANZ region, adding the managed IT services provider to its Lyra Technology Group portfolio. The transaction expands Evergreen's presence across Australia, bringing OSIT's 1,000 SMB customers and 20,000 users under its umbrella. Financial terms were not disclosed.