Efex continues buy and build strategy, snaps up Priority 1 IT

CEO Nick Sheehan said this acquisition “sharpens” its healthcare offerings.

Efex is continuing its buy and build strategy, acquring healthcare IT provider, Priority 1 IT.

Nick Sheehan, CEO at Efex told CRN Australia this is the thirteenth acquisition from the MSP. The company has bought several IT companies including Datcom and Compusult.

In the coming months, Sheehan said Priority 1 IT and Efex will prioritise the integration of both businesses.

“Priority 1 IT will operate under the efex brand and will retain all its existing team of experts and senior leaders, led by existing GM Andrew McIntosh,” he said.

Sheehan explained why Efex’s invested in Priority 1 IT.

“[It] boosts our technical strength, enabling us to deliver more complex solutions with strong local support. It also sharpens our healthcare-specific capabilities, with Priority 1 adding deep medical IT expertise and a well-established, loyal cohort of customers,” he said.

Priority 1 is a provider of IT support for medical centres, healthcare practitioners, and businesses across Darling Downs and regional Queensland. It serves more than 600 companies in the region.

CRN Australia asked if the company had any more acquisitions up its sleeve, but the CEO declined to answer.

Sheehan noted that they have a “rigorous” approach to acquisitions ensuring each aligns to their strategic long-term growth objectives.

“Our acquisitions have been a great fit for Efex, supporting us to create leading positions in key verticals in both regional and metropolitan locations, they've strengthened our pipeline, provided access to best-in-market technology solutions, delivered outstanding employment opportunities across the country and supported our accelerated growth,” he said.

“We will remain focused on identifying attractive managed services providers that further strengthen our capabilities and market positions across professional services, education, healthcare, and other key strategic industries.”

In October last year, Advent Partners placed a major stake in Efex to help it as it pursued its buy and build strategy.