#Canada #H.I.G. Capital #Acquisition #Toronto #Converge Technology

Court Approves H.I.G. Capital Acquisition of Converge Technology Solutions

On April 17, 2025, the Ontario Superior Court granted a final order approving the previously announced acquisition of Converge Technology Solutions Corp. by H.I.G. Capital through their subsidiary, 16728421 Canada Inc. This landmark decision marks a significant step in reshaping the landscape of IT solutions and services.

Background of the Agreement

Converge Technology Solutions Corp., known for its innovative approach towards IT, has been on a growth trajectory since its inception. With H.I.G. Capital's backing, the company is poised to enhance its offerings and infrastructure. The agreement involves the purchase of all issued and outstanding common shares of Converge, excluding certain shares held by specific shareholders. This strategic acquisition is expected to be finalized around April 22, 2025, pending the satisfaction of closing conditions that were outlined in the agreement executed on February 6, 2025.

Implications for Converge Technology

The approval from the court signals a robust endorsement of the deal, indicating that all necessary regulatory approvals have been secured. Converge is paving the way for a new approach to IT services, blending expert knowledge, local insights, and global resources to deliver leading solutions for businesses across various sectors.

The company has established itself as a transformative force in IT by focusing on outcome-oriented solutions that address the real challenges customers face. With H.I.G. Capital's resources, Converge is now positioned to accelerate its development and delivery of advanced technologies such as AI, cybersecurity, and cloud-based solutions.

The Path Ahead

Converge's new direction emphasizes innovation and adaptability, focusing on how it can reinvent IT services for its clients. The combination of H.I.G. Capital's support and Converge's existing expertise is anticipated to streamline operations and drive meaningful results across industries.

As the integration begins, shareholders who have questions or need assistance about submitting their shares related to the transaction can reach out to Computershare Investor Services, the appointed trustee for this agreement.

Converge has stated, "We are excited about the opportunities this acquisition brings, which align with our commitment to tailor solutions to our clients' unique circumstances, ensuring success without complexity." The company's AIM (Advise, Implement, Manage) methodology is designed to ensure these new solutions integrate seamlessly with clients' existing systems.

Conclusion

The acquisition by H.I.G. Capital not only solidifies Converge's position in the IT sector but also represents a bold step towards technological innovation that prioritizes human-centric solutions. As Converge moves forward under this new partnership, the expectations are high for a future where IT services are more efficient and client-focused than ever before. Further updates will be shared as the integration progresses, illustrating how this union will redefine industry standards and client experiences.

For more detailed information about Converge Technology Solutions, you can visit convergetp.com.