Nick Sheehan
efex, the Advent Partners-backed managed technology services group, has announced it has entered into a binding agreement to acquire onPlatinum, the IT managed services division of ASX-listed Comms Group Limited (ASX: CCG), for a total consideration of A$30.0 million, subject to customary completion adjustments and conditions precedent.
The acquisition, one of efex’s most significant to date, shows the acceleration of its strategy to consolidate high performing companies within the highly fragmented managed services market into one trusted platform that delivers enterprise-grade capability to mid-market and larger organisations across Australia and New Zealand.
Founded in 2012 and headquartered in Queensland, onPlatinum is an award-winning managed service provider built on a “High Tech. High Touch.” philosophy, delivering managed IT, cloud, cybersecurity, communications and related technology services to business customers across the eastern seaboard. efex will retain the highly capable onPlatinum team that has built a highly retained customer base with over 7000 end points over the last decade through a relationship-led reputation for keeping clients ahead of required solutions.
For efex, onPlatinum adds meaningful scale to its managed IT platform, deepens its presence in Queensland and across the east coast, and broadens the capability it can offer customers – from cyber and cloud to modern workplace, unified communications, business resilience and managed document solutions.
Most importantly, it sharpens efex’s edge in the corporate mid-market. onPlatinum has built its reputation with large, multi-site organisations who require specialist expertise and complex technology solutions but prefer the personalised service of a partner that can develop bespoke solutions and remain personally available to founders and CEOs in their time of need. Its ITIL-aligned managed services and virtual-CIO advisory bring
efex deeper governance, structure and strategic-relationship capability at precisely that end of the market. Set alongside efex’s national footprint and specialist strength in cyber, cloud and healthcare IT, customers gain a rare combination – enterprise-grade capability delivered with genuine local accountability that few competitors can match.
efex Founder and CEO Nick Sheehan said the acquisition reflected a deliberate strategy: build national scale without losing the local relationships customers value.
“onPlatinum is exactly the kind of business we like to bring into efex – a high quality team with deep customer relationships and real technical credibility. It takes us further into the mid-market: the larger, multi-site organisations that need enterprise-grade IT but still want a partner who picks up the phone and knows them by name. That’s the business we’re building – national scale and specialist depth, delivered with local accountability – and we’re building it by backing and building great teams, not by acquisition alone,” Mr Sheehan said.
The acquisition builds on efex’s disciplined buy-and-build strategy and follows a series of acquisitions that have expanded the company’s geographic footprint, technical depth and sector expertise. Recent additions include Datcom, which strengthened efex’s cybersecurity capability; Medihost Solutions, Priority 1 IT and Crowd IT, which deepened its healthcare and medical IT expertise; and Compusult, Aish IT and Wyscom, which extended efex’s reach across both regional and metropolitan Australia.
It also follows Advent Partners’ majority investment in efex in October 2025, which has underpinned the company’s accelerating growth and its consolidation ambitions in the Australian managed technology services market.
Customer and employee continuity will be the immediate priority. Following completion, efex and Comms Group will work together under a twelve-month transition services arrangement to support continuity for customers, suppliers and employees.
“The first job in any acquisition is to respect what made the business successful in the first place. For onPlatinum’s customers, suppliers and people, that means continuity and familiar faces from day one – and, over time, more capability, more specialist services and the strength of the broader efex platform. They earned their reputation by staying close to their customers; our job is to protect that, invest in it, and build from it,” Mr Sheehan said.
onPlatinum Founder and CEO Shannon Overs said the move opened a new chapter for the business and its customers.
“We built onPlatinum around a simple idea – high tech, high touch – and that has never changed. Joining efex gives our customers and our team the backing of a national platform and a broader set of capabilities, while keeping the local relationships and service they value. It’s the right home for what we’ve built, and an exciting next step,” Mr Overs said.
Completion of the transaction remains subject to customary conditions precedent. efex expects to provide further updates as the transaction progresses.