Miii MSP Corp. Completes Debt Financing with FirePower Capital and Acquires Toronto MSP
The financing allowed Miii MSP to complete its first acquisition of an MSP
Toronto — Miii MSP Corp. (“Miii MSP”), a consolidator of MSPs, is pleased to report the closing of a $2.85 million debt financing with FirePower Capital. The financing was used by Miii MSP to complete its first acquisition, a profitable MSP located in the Toronto area with gross revenue over $3 million. “We are thrilled to close the financing and acquisition” said Pamela Miranda, Miii MSP’s CFO. “This is an important first step for our business and we plan to follow it up with more exciting news in the near future” she continued.
The financing and acquisition closed on Dec. 1, 2021. Financial and legal terms of the acquisition and the name of the acquired MSP were not disclosed.
About FirePower Capital
FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Its team of 40+ deal professionals helps their mid-market businesses complete mission-critical transactions, by investing in their companies directly or by advising them. For more information, please visit www.firepowercapital.com.
About Miii MSP Corp.
Miii MSP is a consolidator of MSPs. It acquires MSPs and grows their annual recurring revenue. Its mission is to be the first choice for MSPs looking to grow, become more profitable, and to unlock endless possibilities. Its portfolio of MSPs select, procure, and implement and manage software and technology stacks, with a focus on cloud-based technology, for their SME clients. After implementation, its MSPs provide ongoing value to SMEs through strategic guidance, technical support, monitoring and maintenance of their IT environments. Miii MSP employs leverage acquisition financing strategies to generate a larger return on equity for its investors. For more information, please visit www.miiimsp.com.
CEO, Miii MSP Corp.
CSR Cosmetic Solutions
The owner of CSR had taken over the business out of bankruptcy. After successfully building it into one of the largest cosmetic contract manufacturers in North America, he was ready for a well-deserved retirement. A previous sale attempt (by a top-tier accounting firm) was unsuccessful in 2015.