Brennan expands to Adelaide with acquisition of Nuago

Homegrown technology services and consulting firm Brennan has completed its fourth transaction in less than three years, acquiring fast-growing Adelaide-based managed services provider Nuago.

The deal, for an undisclosed sum, expands Brennan’s footprint across South Australia, adding a team of about four dozen professionals specialising in cloud technologies, systems integration and managed IT solutions.

Founded in Adelaide in 2016 by a group of former Datacom executives and engineers, Nuago quickly grew revenue to $20 million in 2020, earning CRN Fast50 status in just its second year of operation.

Co-founder and Managing Director Brendon O’Rourke said: “Nuago’s position in the South African market complements Brennan’s national footprint and the result of this acquisition creates benefits and opportunities across the board, with customers benefiting from an even broader range of solutions and capabilities designed to support their organisations and solve their business challenges.”

For Brennan, it’s the consulting firm’s fourth acquisition in the past three years, led by its $23 million purchase of MOQdigital, as well as Forsythes Technology and Clade Solutions. The 2022 MOQ deal, which reportedly outbid Attura, was supposed to make Brennan the largest domestic “systems integrator” in the county at the time, but Attura has since made a series of acquisitions of its own.

Sam Brennan was founded in Sydney by current Managing Director Dave Stevens in 1997 and has since opened offices across Australia, as well as facilities in India and Sri Lanka, as it builds revenues in excess of $250 million and a staff of more than 1,000 professionals. The company has also announced further acquisitions in the near future.

Of his latest acquisition, Stevens said: “This strategic and fully aligned acquisition strengthens our position as a consistent national IT partner. Our expanded national footprint opens an exciting chapter of new opportunities. And for the wider market, our ongoing investment in Australian technology specialists underlines our intentions and ambitions for further growth.”