I'm looking to buy, and personally run, one managed IT and cybersecurity business.
I'm Daren Frankel, a former COO looking to acquire a well-run MSP serving regulated companies (financial services, healthcare, legal and professional firms) in the New York metro, and lead it hands-on for the long term. Not a fund, not a flipper: one owner who'll be there every day.
I've spent my career building the operations of regulated, technology-driven companies. Now I want to do it as an owner.
As the founding operations hire and COO of Palm, a venture-backed fintech, I grew the team from 5 to 80+ people in under 18 months and built the functions a company needs to run: finance, compliance (KYC/AML), HR and customer support. I owned the P&L and forecasting, and I led the company through a severe market downturn to a successful sale.
Before that I led operations and business development at ConsenSys across the U.S., Dubai and Singapore, and was a technology consultant to Fortune 100 and 500 companies at Deloitte. I'm a chemical engineer by training (University of Pennsylvania, cum laude) and a former varsity rower, which is where I learned to grind through the long, unglamorous middle of anything worth doing.
I'm based in New York City and will relocate to be near the business.
One managed IT and cybersecurity business whose owner is ready to hand it to someone who'll take care of it.
Managed IT and security
An MSP or MSSP providing managed IT, cybersecurity and compliance support to companies of roughly 20–300 people.
Regulated clients
Clients in financial services, healthcare, legal or professional services, where security and compliance aren't optional.
Recurring and flat-rate
Most revenue from monthly managed-services agreements, not hourly or project work.
A team that runs day to day
A service manager or lead engineer who keeps things running and plans to stay.
Well-diversified
No single client that makes or breaks the business.
$600K–$1M+ of EBITDA
Roughly $750K–$1.2M of seller's discretionary earnings. Based in the New York metro: NYC, Long Island, Westchester and the Hudson Valley, northern and central New Jersey, or Fairfield County, CT.
Also of interest: fire alarm, monitoring and security systems service companies with a deep licensed team and mostly recurring inspection and monitoring revenue.
Selling your business is personal — which is exactly how I'll take your business forward.
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Run it personally.
I'm buying one business to operate and own for years — not to flip, strip, or fold into a portfolio.
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Keep your team.
Your engineers and staff are the business. I'm buying it to keep them, grow them and invest in them, not to consolidate them into a bigger company.
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Protect your clients.
Your clients trust you with their systems and their data. I'll learn every relationship from you, at a pace that works, so they feel no gap in service.
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Keep your legacy.
I'll keep your name and what makes the business good, and invest in the tools and automation you never had time to build.
If that's the kind of care you'd want for what you've built, I'd welcome a conversation — in full confidence.
I'm an SBA 7(a)-prequalified buyer with meaningful equity of my own, able to move quickly and close. Proof of funds available on request.
Let's talk
Whether you're an owner considering a sale, a broker with a business that fits, or an advisor who knows one — I'd love to hear from you. Every conversation is confidential.
Brokers: I respond to every teaser within 24 hours with a clear yes or no.