Ontario Court Approves Acquisition of Converge Technology Solutions by H.I.G. Capital
On April 17, 2025, major news emerged from the technology sector as the Ontario Superior Court of Justice granted final approval for the acquisition of Converge Technology Solutions Corp. by H.I.G. Capital. Converge, a prominent player in IT cloud solutions, confirmed the court's decision, marking a pivotal moment in its corporate evolution. This acquisition plan involves 16728421 Canada Inc., an H.I.G. Capital affiliate, which will acquire all issued and outstanding common shares of Converge, except for specific shares held by certain shareholders with rollover equity agreements.
The anticipated deal, officially named the 'Arrangement', has been in progression since February 6, 2025, and has secured all necessary regulatory approvals, according to the company’s announcement. The completion of this arrangement is expected to occur around April 22, 2025, subject to the satisfaction of remaining conditions outlined in the arrangement agreement.
Converge Technology Solutions has established a reputation for redefining IT frameworks for businesses, with its service portfolio focusing on outcomes-driven solutions. The firm also emphasizes the importance of customer-centric approaches that utilize advanced technologies such as artificial intelligence, advanced analytics, and cybersecurity measures. With this acquisition, H.I.G. Capital acknowledges the immense potential and innovative drive of Converge in the ever-expanding technology landscape.
Since its inception, Converge has set forth a vision centered on empowering businesses through technology. The company’s unique methodology—AIM (Advise, Implement, Manage)—is designed to align its solutions with specific customer requirements without complicating their existing systems. By leveraging the capabilities of cloud computing and digital infrastructure, Converge stands ready to assist organizations across various sectors in achieving substantial advancements and operational efficiency.
The leadership at Converge has expressed confidence that this acquisition will enhance its service offerings and market position. As more companies seek to innovate and adapt in a rapidly evolving technological environment, Converge aims to meet the challenges head-on, ensuring that their clients achieve measurable results that matter.
H.I.G. Capital, known for fostering growth in dynamic businesses, is now looking forward to enhancing the strategic development and operational performance of Converge. The intersection of H.I.G.’s financial acumen and Converge’s cutting-edge technology solutions is anticipated to create a thriving synergy that could transform how businesses approach IT.
With the court’s approval and the final steps toward closing, stakeholders have been directed to reach out to Computershare Investor Services for further inquiries regarding their shares and the subsequent processes. This acquisition potentially sets a new standard for IT service providers and positions Converge Technology Solutions within a robust framework, readying itself for future accomplishments in collaboration with H.I.G. Capital.
As this development unfolds, industry analysts and stakeholders keenly observe how this integration will influence the technology landscape and what innovative solutions may be introduced post-acquisition. The assurance of a seamless transition and commitment to maintaining high service standards remains paramount as Converge embarks on this new chapter in its journey. Stay tuned for more updates as they become available.
The anticipated deal, officially named the 'Arrangement', has been in progression since February 6, 2025, and has secured all necessary regulatory approvals, according to the company’s announcement. The completion of this arrangement is expected to occur around April 22, 2025, subject to the satisfaction of remaining conditions outlined in the arrangement agreement.
Converge Technology Solutions has established a reputation for redefining IT frameworks for businesses, with its service portfolio focusing on outcomes-driven solutions. The firm also emphasizes the importance of customer-centric approaches that utilize advanced technologies such as artificial intelligence, advanced analytics, and cybersecurity measures. With this acquisition, H.I.G. Capital acknowledges the immense potential and innovative drive of Converge in the ever-expanding technology landscape.
Since its inception, Converge has set forth a vision centered on empowering businesses through technology. The company’s unique methodology—AIM (Advise, Implement, Manage)—is designed to align its solutions with specific customer requirements without complicating their existing systems. By leveraging the capabilities of cloud computing and digital infrastructure, Converge stands ready to assist organizations across various sectors in achieving substantial advancements and operational efficiency.
The leadership at Converge has expressed confidence that this acquisition will enhance its service offerings and market position. As more companies seek to innovate and adapt in a rapidly evolving technological environment, Converge aims to meet the challenges head-on, ensuring that their clients achieve measurable results that matter.
H.I.G. Capital, known for fostering growth in dynamic businesses, is now looking forward to enhancing the strategic development and operational performance of Converge. The intersection of H.I.G.’s financial acumen and Converge’s cutting-edge technology solutions is anticipated to create a thriving synergy that could transform how businesses approach IT.
With the court’s approval and the final steps toward closing, stakeholders have been directed to reach out to Computershare Investor Services for further inquiries regarding their shares and the subsequent processes. This acquisition potentially sets a new standard for IT service providers and positions Converge Technology Solutions within a robust framework, readying itself for future accomplishments in collaboration with H.I.G. Capital.
As this development unfolds, industry analysts and stakeholders keenly observe how this integration will influence the technology landscape and what innovative solutions may be introduced post-acquisition. The assurance of a seamless transition and commitment to maintaining high service standards remains paramount as Converge embarks on this new chapter in its journey. Stay tuned for more updates as they become available.
Topics Business Technology）
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