Evergreen snaps up Brisbane-based REDD as its 100th MSP acquisition – ARN

Evergreen mergers and acquisition (M&A) advisor Craig Fulton added that Ferris’ and REDD founder Nigel Heyn’s leadership and values align with the now-parent holding group’s 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.

Evergreen’s acquisition of REDD is the latest in a number of local deals. In December last year, it acquired CT Group, which marked its eighth Australian deal.

Evergreen also acquired New Zealand-based Lancom Technology in January 2024, and Centered, its first Australian MSP deal, two months later in March.

In addition to announcing its acquisition of REDD, Evergreen also announced it was honoured at Pax8’s Beyond conference as its first partner to generate over $1 billion in IT services revenue.

“It’s been impressive to witness the growth and revenue milestones Evergreen and Lyra have achieved over the last few years,” said Pax8 executive vice president and general manager for the Americas Lane Brannan.

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