Converge Technology Solutions Corp.: A New Chapter with H.I.G. Capital
Toronto and Gatineau, QC, April 10, 2025 – In an exciting turn of events, Converge Technology Solutions Corp. (Converge) held a special meeting of shareholders today to discuss a significant change in the company’s future. The meeting resulted in the approval of a special resolution authorizing the acquisition of Converge by an affiliate of H.I.G. Capital (H.I.G.).
Approval of the Acquisition
The approval of the acquisition came after a thorough evaluation process. Converge’s Board of Directors determined that the transaction was in the best interest of the Company and its shareholders. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.
Impact on Shareholders
The acquisition by H.I.G. Capital brings a wealth of resources and expertise to Converge. Shareholders can anticipate increased value in their investments as H.I.G. works to optimize the company’s operations and growth strategy. The transaction is not expected to result in any immediate changes to Converge’s business, and shareholders will continue to hold their Common Shares.
Impact on the Technology Industry
The acquisition of Converge by H.I.G. Capital is a significant move in the technology industry. Converge’s innovative solutions and services in areas like cloud, cybersecurity, and digital transformation have been well-received in the market. With H.I.G.’s backing, Converge is poised to expand its reach and capabilities, making a positive impact on the industry as a whole.
A New Era for Converge
As Converge embarks on this new chapter, the company remains committed to its mission of helping clients navigate the complex world of technology. With H.I.G.’s support, Converge will be better positioned to deliver cutting-edge solutions and services to its clients, driving growth and creating value for all stakeholders.
Conclusion
The acquisition of Converge Technology Solutions Corp. by an affiliate of H.I.G. Capital marks an exciting milestone for the company and its shareholders. With H.I.G.’s resources and expertise, Converge is well-positioned to optimize its operations and growth strategy, making a positive impact on the technology industry. Shareholders can look forward to increased value in their investments, while the company remains committed to delivering innovative solutions and services to its clients.
- Converge Technology Solutions Corp. held a special meeting of shareholders.
- Shareholders approved the acquisition of Converge by an affiliate of H.I.G. Capital.
- The transaction is expected to close in Q2 2025.
- H.I.G.’s resources and expertise will optimize Converge’s operations and growth strategy.
- Converge remains committed to delivering innovative solutions and services to its clients.
