Quisitive to be Acquired by H.I.G. Capital in Strategic Expansion Move

In a significant strategic move, Quisitive Technology Solutions Inc., a leading Microsoft cloud solutions provider, is set to be acquired by H.I.G. Capital, a major private equity firm. The cash transaction, valued at approximately C$169.1 million, offers an impressive 57.1% premium over the 20-day volume-weighted average price, reflecting a strong valuation of Quisitive's market position and growth potential. This acquisition aims to propel Quisitive into its next growth phase, focusing on expanding its delivery of transformative technology solutions. The transaction was recommended unanimously by a special committee and the Board of Directors, excluding one interested director. Financial fairness opinions were provided by William Blair & Company and Canaccord Genuity Corp. The deal, expected to close in Q1 2025, requires shareholder approval and various regulatory consents, emphasizing a stringent procedural adherence to maximize shareholder value. The strategic review prior to the transaction involved evaluating multiple potential buyers, resulting in H.I.G. Capital emerging as the ideal suitor, aligning with Quisitive's long-term strategic objectives.