Converge Technology Solutions Secures Approval for Acquisition by H.I.G. Capital

Converge Technology Solutions Receives Final Approval for Acquisition by H.I.G. Capital

In a significant development in the technology sector, Converge Technology Solutions Corp. (known simply as Converge) has announced that it has received the final approval from the Ontario Superior Court for its acquisition by H.I.G. Capital. This ruling, issued on April 17, 2025, marks a pivotal moment for the company as it embarks on a new chapter under the backing of H.I.G. Capital.

The Ontario Superior Court's Commercial List validated a previously announced agreement where H.I.G. Capital's affiliate, 16728421 Canada Inc., will acquire all of Converge's issued and outstanding common shares. The completion of this acquisition is anticipated to take place around April 22, 2025, pending the fulfillment or waiver of any remaining conditions stipulated in the arrangement agreement. Notably, certain shares held by specific shareholders who entered into refinancing agreements will not be included in this transaction.

Converge Technology Solutions has been a key player in the IT sector since 2017 and has focused on transforming how businesses approach technology. With a mission driven by innovation and human-centric solutions, the company is positioned to navigate the complexities of IT more effectively than ever. This acquisition aligns with H.I.G. Capital’s strategy of investing in firms that have strong growth potential and innovative business models.

As part of the acquisition process, the necessary regulatory approvals have already been secured, paving the way for a smooth transition. Shareholders have been encouraged to reach out to Computershare Investor Services Inc. for any queries regarding the tendering of their shares in connection with the agreement.

The Vision Behind Converge

Converge is not just another technology firm; it strives to reimagine IT through a values-based, human-centric approach. With a strong emphasis on results-oriented solutions, the company addresses challenges faced by people and businesses alike. Their comprehensive service offerings include advanced analytics, artificial intelligence, cloud platforms, cybersecurity, and workplace transformation—all tailored to meet specific client needs.

Through its AIM (Advise, Implement, Manage) methodology, Converge ensures that its solutions integrate smoothly with existing systems while promoting successful outcomes without the added complexity often associated with technological transformations. Their emphasis on innovative and adaptive solutions makes them a preferred partner for businesses across various sectors.

What Lies Ahead

As Converge prepares for this exciting takeover, it is set to benefit significantly from H.I.G. Capital's resources and financial backing. This support is expected to enhance Converge's capabilities in delivering cutting-edge IT and cloud solutions to meet evolving market demands. Additionally, the partnership aims to enable Converge to scale operations quickly and more effectively, ultimately leading to enhanced service delivery and customer satisfaction.

The partnership between Converge Technology Solutions and H.I.G. Capital is anticipated to yield notable advancements in technology services, driven by a shared commitment to fostering innovation and operational excellence. The coming months are likely to reveal a more robust and agile Converge, poised to take on new challenges and opportunities in the technology landscape.

In conclusion, with the final court approval secured, Converge Technology Solutions is on the brink of a transformation that could significantly impact the IT industry. As they move forward with H.I.G. Capital's support, industry stakeholders and clients alike are keenly watching how this acquisition unfolds and what innovations will emerge from this collaboration. The future is set to be exciting, and Converge is ready to lead the charge in reimagining technology for everyone.