Evergreen acquires 100th MSP, Brisbane-based REDD

Evergreen has acquired its 100th IT services provider with the purchase of Brisbane-based MSP REDD. 

REDD will continue to operate independently under Lyra Technology Group, Evergreen’s portfolio of managed IT services providers.   

The company was founded in 2016 by Nigel Heyn and helps SMEs, NFPs and government organisations across Australia and New Zealand with professional IT, cyber security, cloud and co-managed technology solutions.

Craig Fulton, M&A advisor at Evergreen, said the leadership and values of Heyn and CEO Brad Ferris align closely with Evergreen’s long-term vision. 

“In becoming part of the Evergreen network, REDD is positioning itself for continued success while contributing valuable insights to peers across the portfolio,” he said. 

Ferris said REDD has always been built on a commitment to exceptional service, strong relationships, and a culture that puts people first – and that doesn’t change with the acquisition by Evergreen. 

“What excites us about joining Evergreen and Lyra is the opportunity to stay true to who we are while being bolstered by a global network of like-minded businesses,” he said. 

“This partnership enhances our ability to deliver for our clients, share best practices, and tap into a deep pool of expertise — all while preserving the team, culture, and values that make REDD unique.”   

REDD will join a number of MSPs already acquired by Evergreen in the ANZ region, including CT Group, Centrered and Lancom Technology. 

Zaun Bhana also recently joined Evergreen as director of MSP M&A for ANZ.   

Evergreen co-founder and M&A partner Ramsey Sahyoun said when the company was started seven years ago, the founders hoped to replicate the Berkshire Hathaway model and build the best home for MSPs. 

“I’m proud that we’ve stayed committed to that vision, to our decentralized operating model, and to our permanent hold strategy,” he said. 

“It's been a rewarding journey, and we are grateful for the MSP business owners that have trusted us with their companies.”