Apex IT Group Announces Transition of Full Ownership Back to its Founder

George Mach, CEO of world-class managed IT provider Apex IT Group, recently completed an investment to acquire all outstanding shares of the company he originally founded in 2007. This transaction was completed with long-time business partners who were instrumental in the company’s recent success over the last seven years. The event marks one of a series of pivotal moments in the company’s growth as it approaches twelve years in business.

Originally an “early to market” technology firm, Apex IT Group today enjoys a reputation as the leading MSP in the region. While similar MSPs with predictable recurring revenue, high customer retention and healthy EBITDA margins have become targets for lucrative private equity deals, Mach’s strategic plan instead includes organized growth and expansion beyond the Greater Philadelphia market, enhanced service offerings and the vision of an employee stock ownership program. “We had a few options including the potential to exit the business in the near term,” said Mach, “but I was determined to burn the ships and decided to go all in and double down on Apex.”

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