Quisitive Technology Solutions: A New Era with H.I.G. Capital
Toronto, Canada, February 28, 2025 – Quisitive Technology Solutions Inc. (Quisitive), a leading Microsoft Cloud and AI solutions provider, has made a significant announcement following a shareholder meeting. The Company’s shareholders approved a special resolution authorizing the acquisition of Quisitive by an affiliate of funds managed by H.I.G. Capital, LLC, under a plan of arrangement as per the Business Corporations Act of British Columbia (the “Arrangement”).
The Arrangement: A Detailed Look
Under the terms of the Arrangement, H.I.G. Capital will acquire all of the issued and outstanding common shares of Quisitive for CAD 2.50 per share in cash. The total transaction value is estimated to be approximately CAD 150 million. This acquisition is expected to strengthen Quisitive’s position in the Microsoft ecosystem, providing enhanced resources and capabilities to deliver innovative solutions to its clients.
Impact on Quisitive’s Stakeholders
For Quisitive’s shareholders, the Arrangement represents a premium to the current market price and a significant return on their investment. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions and regulatory approvals. H.I.G. Capital’s investment is a testament to Quisitive’s strong growth potential and its expertise in the Microsoft Cloud and AI solutions space.
Impact on the Technology Industry and Clients
The acquisition of Quisitive by H.I.G. Capital is expected to have a positive impact on the technology industry, particularly in the Microsoft ecosystem. Quisitive’s focus on Microsoft Cloud and AI solutions, combined with H.I.G. Capital’s resources and expertise, could lead to the development of innovative and advanced solutions for businesses. Additionally, Quisitive’s clients can expect continued high-quality services and potential access to a broader range of offerings as part of the H.I.G. Capital portfolio.
Conclusion
Quisitive Technology Solutions’ acquisition by H.I.G. Capital marks an exciting new chapter for the company. This transaction not only provides a significant return for Quisitive’s shareholders but also strengthens the company’s position in the Microsoft ecosystem. With H.I.G. Capital’s resources and expertise, Quisitive is poised to deliver innovative solutions, driving growth and value for its clients in the technology industry.
- Quisitive Technology Solutions’ shareholders approved an acquisition by an affiliate of funds managed by H.I.G. Capital, LLC.
- The Arrangement values Quisitive at approximately CAD 150 million and offers a premium to the current market price.
- The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions and regulatory approvals.
- The acquisition strengthens Quisitive’s position in the Microsoft ecosystem, providing enhanced resources and capabilities.
- Quisitive’s clients can expect continued high-quality services and potential access to a broader range of offerings as part of the H.I.G. Capital portfolio.
For further information, please contact:
Quisitive Technology Solutions Inc.
Investor Relations
H.I.G. Capital
