BRC Group To Acquire Sangoma Technologies In $204 Mln Deal

(RTTNews) - BRC Group Holdings Inc. (RILY), a financial services company, on Monday announced that it has agreed to acquire Sangoma Technologies Corp. (STC.TO, SANG) for approximately $204 million. The transaction is expected to close no later than early 2027. The company said that the completion is subject to shareholder, court and regulatory approvals and other customary closing conditions. Under the agreement, Sangoma shareholders will receive $4.925 in cash and 0.04767 of a BRC share for each Sangoma share held. The company said Sangoma shareholders will receive approximately $170 million in cash and $10 million in BRC shares in total. Upon completion, current Sangoma shareholders will hold approximately 4% of BRC's pro forma outstanding shares.