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An update from Uniserve Communications ( (TSE:USS) ) is now available.
Uniserve Communications has signed a letter of intent to acquire an Ontario-based managed service provider that offers full-stack managed IT, security, and value-added reseller services. The move is designed to deepen Uniserve’s service offering in Ontario, strengthen its recurring revenue model, and support its broader strategy of building a national digital infrastructure platform for Canadian businesses undergoing digital transformation.
The proposed deal values the target at about CAD $1.3 million, structured as a mix of cash and a three-year convertible note, and is expected to add roughly $2.1 million in annual sales and $600,000 in EBITDA while bringing critical technical talent in-house. The company will not assume long-term debt, and the transaction, which remains subject to due diligence, board consent, a definitive agreement, and TSX Venture Exchange approval, would expand Uniserve’s regional footprint without triggering a change of control or incurring finder’s fees.
More about Uniserve Communications
Uniserve Communications Corporation is a Canadian provider of managed IT, internet services, cloud, and data centre solutions, with offices in Vancouver, Calgary, and Waterloo. The company focuses on secure, reliable, and customized digital infrastructure across three main verticals: data centre solutions, managed IT services, and business internet for business clients.
Average Trading Volume: 39,232
Technical Sentiment Signal: Buy
Current Market Cap: C$24.12M
See more insights into USS stock on TipRanks’ Stock Analysis page.