Sangoma Technologies Corporation Enters into Definitive Agreement to be Acquired by BRC Group Holdings, Inc.
TORONTO & LOS ANGELES -- Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) (“Sangoma”), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based or hybrid communications solutions, and BRC Group Holdings, Inc. (NASDAQ: RILY) (“BRC”), a diversified holding company with a scaled business communications portfolio, announced today that the companies have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which an affiliate of BRC will acquire all of the issued and outstanding common shares of Sangoma (the “Sangoma Shares”) in a transaction that values Sangoma at an enterprise value of approximately US$204 million (C$289 1 million) (the “Transaction”). Read More