BRC Group Holdings to Acquire Sangoma Technologies for $204 Million

BRC Group Holdings, Inc. entered into a definitive arrangement agreement to acquire Sangoma Technologies Corporation in a transaction valuing the company at approximately $204 million enterprise value. The deal consists of $170 million in cash payments and $10 million in BRC shares.

Under the terms of the agreement, Sangoma shareholders will receive $4.925 in cash and 0.04767 of a BRC common share for each share held. This represents a 47% premium over the closing price of Sangoma on the Toronto Stock Exchange. Upon completion, Sangoma shareholders will hold roughly 4% of BRC's outstanding shares.

Sangoma's board of directors unanimously approved the acquisition following a strategic review process that began in May 2026. The board's decision followed a fairness opinion provided by ATB Cormark Capital Markets to Sangoma's special committee and board regarding the transaction consideration.

The transaction remains subject to regulatory, court, and shareholder approvals. The companies expect the deal to close no later than early 2027.