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Announced

Completed

Digital Colony-backed Beanfield Technologies completed the acquisition of Openface.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Friendly

Internet

Private

internet connectivity services

Majority

Private Equity

Acquisition

Single Bidder

Domestic

Completed

Synopsis

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Digital Colony-backed Beanfield Technologies, a digital services provider, completed the acquisition of Openface, a provider of internet connectivity services. Financial terms were not disclosed. "We are excited to join forces with Openface and expand our presence into Montreal. This acquisition will allow us to meet our customers' growing connectivity needs as data speed and reliability become increasingly critical to business operations. Furthermore, the combined larger business will ensure customers in Canada's two largest markets can access our best-in-class fiber solutions," Dan Armstrong, Beanfield CEO.

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