Converge Technology Solutions Acquisition Approved by Ontario Court
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Ontario Court Greenlights Converge Technology Solutions’ Acquisition by H.I.G. Capital Subsidiary
In a important development for the IT solutions provider, the Supreme Court of Ontario (Commercial Court) has officially sanctioned the previously announced acquisition agreement between Converge Technology Solutions Corp. (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) and 16728421 canada Inc., a subsidiary of H.I.G. Capital (“H.I.G.”). This pivotal decision paves the way for H.I.G. to acquire all issued and outstanding common shares of Converge, excluding those already subject to rollover agreements with certain shareholders.
The court’s final order marks a crucial step forward in the acquisition process, signaling confidence in the terms and conditions of the deal. The agreement, initially forged on February 6, 2025, and afterward amended on April 1, 2025, is now poised for completion, expected to occur on or around April 22, 2025, pending the satisfaction or waiver of remaining customary closing conditions.
Final Permits Secured, Closing Imminent
Adding to the momentum, Converge Technology solutions has confirmed that all necessary regulatory approvals required to finalize the acquisition have been successfully obtained. This milestone eliminates a potential hurdle and reinforces the anticipated timeline for the deal’s closure.
Converge Technology Solutions understands that shareholders may have questions regarding the acquisition and the process of submitting their shares. To facilitate a smooth transition, ComputerShare investor Services Inc. has been appointed as the depositary agent for the transaction. Shareholders seeking assistance can reach ComputerShare via the following channels:
- Toll-Free (North America): 1-800-564-6253
- International: 1-514-982-7555
- Email: [email protected]
Converge: A Focus on human-Centric IT Solutions
Since its inception in 2017, Converge Technology Solutions has strived to redefine the IT landscape by prioritizing human needs and delivering impactful, results-oriented solutions. As a service-led, software-enabled IT and cloud solutions provider, Converge combines deep industry expertise, local market knowledge, and global resources to offer cutting-edge solutions.
Converge’s core competencies span advanced analytics, artificial intelligence (AI), cloud platforms, cybersecurity, digital infrastructure, and workplace transformation.These capabilities empower organizations across diverse industries to drive innovation, streamline operations, and achieve tangible business outcomes. The company’s AIM (Advise, Implement, Manage) methodology ensures that solutions are tailored to meet the unique requirements of each client and seamlessly integrate with existing systems.
For more information about Converge Technology Solutions and its offerings, please visit ConvergeTP.com.
Looking Ahead: The Future of IT Solutions
The acquisition of Converge Technology Solutions by H.I.G. Capital is poised to create new opportunities and synergies in the IT solutions market. With H.I.G.’s backing, Converge is expected to further enhance its capabilities and expand its reach, continuing to deliver innovative and impactful solutions to its clients.
As businesses increasingly rely on technology to drive growth and efficiency,the demand for thorough and human-centric IT solutions is expected to continue to rise. Converge, with its proven track record and commitment to innovation, is well-positioned to capitalize on this trend and remain a leading player in the industry.
“we are excited about the future and the opportunities that this acquisition will bring,” said a Converge spokesperson. Converge Technology Solutions Corp.
Forward-Looking Statements
This article contains forward-looking statements regarding Converge and its business. These statements are based on current expectations, beliefs, and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause such differences include, but are not limited to, risks related to the completion of the acquisition, general economic conditions, and other factors beyond the company’s control.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this article. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
