Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, expanding its national digital infrastructure platform and enhancing service delivery across the province. The transaction represents a strategic move to strengthen recurring revenue streams and consolidate managed IT, security, and value-added reseller services for Canadian businesses undergoing digital transformation.
The acquisition is expected to bring approximately $2.1 million in top-line sales and $600,000 in expected EBITDA to Uniserve, along with critically skilled talent that will enhance the company's service capabilities. Interim CEO Kwin Grauer emphasized that this acquisition supports the company's mission to build future-ready digital infrastructure to help businesses navigate challenging technological landscapes. "The acquisition of this MSP will further enhance the depth of services that Uniserve will deliver and continue to enhance our Ontario operations," Grauer stated in the announcement.
Financial terms of the transaction include a purchase price of CAD $1,300,000, with $1,000,000 payable in cash and $300,000 to be paid through a convertible note. The note will be convertible into common shares of the Company at varying prices over three years, with interest accruing at 7% per annum. The Company confirmed it will not assume any long-term debt from the MSP, and no finder's fees will be paid in connection with the transaction.
This strategic expansion comes as Canadian businesses increasingly rely on comprehensive digital infrastructure solutions. The acquired MSP offers a full stack of services including security and value-added reseller services in addition to traditional managed IT services, complementing Uniserve's existing offerings across its three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet. The transaction is subject to several conditions including execution of a definitive agreement within 30 days, completion of due diligence, and approval from both the Company's Board of Directors and the TSX Venture Exchange.
The importance of this acquisition extends beyond immediate financial metrics, representing a consolidation of digital service capabilities at a time when businesses require integrated solutions for security, cloud services, and managed IT. By expanding its Ontario footprint through this strategic acquisition, Uniserve strengthens its position as a national provider capable of supporting businesses through complex digital transformations. The transaction demonstrates how telecommunications and IT service providers are consolidating expertise to meet growing demand for comprehensive digital infrastructure solutions across Canada.
Investors and stakeholders can find additional information through regulatory filings available at https://www.sedarplus.ca or through the company's corporate website at https://www.uniserve.com. The original announcement was published on https://www.newmediawire.com, though the transaction remains subject to final approvals and definitive agreement execution.
