AHEAD: Rumored Revenues, EBITDA & MSP Business Valuation
AHEAD, based in Chicago, Illinois, has offices and customer reach nationwide. The company has 1,423 employees listed on LinkedIn.Rumors about AHEAD being for sale surfaced in July 2022. The asking price apparently was roughly $3 billion, or approximately 13X annual EBITDA estimates for 2022, the July 2022 report suggested. ChannelE2E has not independently confirmed those stats.Also of note: AHEAD's anticipated financial metrics for 2022, according to the July 2022 report, include:- Revenue of $2.5 billion, up from $2.2 billion in 2021;
- Earnings before interest, taxes, depreciation and amortization of more than $230 million.
AHEAD M&A Experience, Next Moves
Backed by those private equity firms since 2020, AHEAD continued to diversify its cloud, data, and application-related services for enterprise clientele. Key AHEAD moves included acquiring:- vCORE Technology Partners — an IT solutions provider in Scottsdale, Arizona — in May 2022.
- Vertical Trail in 20221;
- Platform Consulting Group in early 2020;
- RoundTower Technologies and Kovarus in September 2020.
AHEAD Private Equity Backing: Executive Perspectives
“We’re grateful for the support of both firms over the last two years, as we made material improvements to the business to not just deliver exceptional near-term results but set the stage for future scale and growth. The expanded investment by our colleagues at Berkshire, along with the continued support of Centerbridge, will help us further innovate and mature a services portfolio that helps our clients fundamentally transform how they run their businesses and serve their own customers."
“AHEAD is a very special company. Dan and his team are highly focused on delivering best-in-class technology solutions to their enterprise customers, and on building a vibrant, client-centric culture. We’re thrilled to be deepening our collaboration with the team and look forward to supporting their next chapter of innovation and growth.”
“The AHEAD team has performed phenomenally during our time working together,. We are gratified by the significant value creation that has occurred through our partnership with the AHEAD team since investing in 2020 and look forward to continuing as an investor in the business.”
