#Canada #H.I.G. Capital #Toronto #Converge Technology #Ontario Superior Court

Converge Technology Solutions Finalizes Acquisition Approval with H.I.G. Capital

On April 17, 2025, Converge Technology Solutions Corp. (TSX: CTS) announced a significant milestone in its corporate history. The Ontario Superior Court of Justice has issued a final order confirming the proposed arrangement with 16728421 Canada Inc., an affiliate of H.I.G. Capital. This critically important arrangement involves the acquisition of all outstanding shares of Converge, excluding shares held by specific shareholders involved in reinvestment agreements.

The execution of this acquisition is contingent upon satisfying certain closing conditions outlined in the arrangement agreement originally established on February 6, 2025, and modified on April 1, 2025. Both parties aim to finalize the arrangement around April 22, 2025, provided that no additional hurdles arise.

In the lead-up to this approval, Converge had successfully secured all necessary regulatory clearances, making this acquisition a step closer to actualization. The strategic partnership with H.I.G. Capital is anticipated to bolster Converge's market position and enhance its service offerings.

About Converge Technology Solutions

Converge aims to transform how businesses perceive and implement IT solutions. Since its inception in 2017, the company has dedicated itself to developing outcome-driven solutions tailored to meet human-centered challenges. As a leading provider of IT services, software, and cloud solutions, Converge combines local expertise with global resources.

With advanced analytics, artificial intelligence, cybersecurity measures, and comprehensive digital infrastructure, Converge empowers businesses to innovate effectively. The company’s AIM methodology—Advise, Implement, Manage—ensures that solutions are customized to align with each client's existing systems, thereby facilitating seamless integration and success.

As Converge embarks on this new chapter with H.I.G. Capital, it reaffirms its commitment to improving the way technology serves humanity, illustrating a business ethos grounded in innovation and service.

For shareholders seeking assistance with submitting their shares for the planned arrangement, Computershare Investor Services Inc. is serving as the depositary and can be reached at 1-800-564-6253 (toll-free in North America) or 1-514-982-7555 (outside North America) for queries. Additional information can be found on their website at convergetp.com.

Forward-Looking Statements

This press release contains forward-looking information and statements, which reflect the company’s future expectations. Actual events may differ significantly due to various risks and uncertainties, including changes in market conditions or delays in the implementation of the arrangement.
Converge cautions that these forward-looking statements are based on their estimates and assumptions, which are considered reasonable at the time of this announcement but are subject to an array of factors affecting actual results.

To learn more about Converge Technology Solutions and its innovative approach to technology, visit convergetp.com.