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New Deal


Announced

Completed

Cornell Capital and TorQuest-backed S.i. Systems completed the acquisition of HVN Solutions.

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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Digital Services

Acquisition

Friendly

it consulting

Domestic

Majority

Private

Completed

Canada

Single Bidder

Private Equity

Synopsis

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Cornell Capital and TorQuest-backed S.i. Systems, an IT staffing company, completed the acquisition of HVN Solutions, a distinguished IT consulting firm. Financial terms were not disclosed. "HVN Solutions shares our core values, people-first approach and commitment to providing life-changing opportunities that enable people to fulfill their potential. In combining our strengths, we are accelerating our efforts to become Canada's premier choice for on-demand IT professionals by expanding our talent offerings and advancing our Professional Services and Statement of Work capabilities. We have long admired HVN Solutions for the pivotal role it has played in the Canadian IT landscape over the years, and are excited to welcome their highly collaborative, results-oriented team to the S.i. Systems family," Leonie Tyler, S.i. Systems President.

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