Converge Technology Solutions Corp. to be taken private by H.I.G. Capital

Goodmans LLP is advising Converge Technology Solutions Corp. in connection with its arrangement agreement with an affiliate of H.I.G. Capital, whereby H.I.G has agreed to acquire all of the issued and outstanding common shares of Converge.

The purchase price of the transaction values Converge at an enterprise value of approximately C$1.3 billion. As a result of the transaction, Converge will join the current H.I.G. owned entity, Mainline Information Systems, LLC. Converge and Mainline offer complementary products and services, and their joining will permit the combined companies' to better serve customers with a broader and more diverse variety of solutions in areas such as cybersecurity, cloud, and digital infrastructure.

Completion of the transaction will be subject to shareholder approval, court and regulatory approvals and clearances, as well as other customary closing conditions, and is expected to be completed during the second quarter of 2025.

Converge Technology Solutions Corp. is a Canada-based services-led, software-enabled, IT & Cloud Solutions provider.

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