On October 11, 2024, Pluribus Technologies Corp. (TSXV: PLRB) (“Pluribus”) announced the closing of the sale to Acorn Partners Inc. and Pender Growth Fund Inc of all of the issued and outstanding fully-diluted shares of its wholly-owned subsidiaries, POWR Inc., Assured Software Ltd. and Pluribus Technologies Limited (which includes its wholly-owned subsidiaries, Rowanwood Professional Services Limited and Cranham Haig Limited) for an aggregate purchase price of C$17,000,000.
Pluribus is a technology company that is a value-based acquirer and operator of small, profitable business-to-business technology companies in a range of verticals and industries. Pluribus provides its acquisitions access to experienced sales and marketing resources, strategic partnership opportunities, a diverse portfolio of customers in different geographical markets and enabling technologies to create new revenue streams and provide the opportunity for these companies to grow in their respective markets.
Miller Thomson advised Pluribus with a team led by Myron Mallia-Dare (Corporate/M&A) and comprised of, Brandon Meyer, Connor Broude, Luciano Aguilera, Sandra Wright, Power Chen (Corporate/ M&A), Mack Hosseinian (Capital Markets & Securities), Kyla Mahar (Restructuring & Insolvency), Ron Choudhury, Thomas Ghag (Tax), Karen Durell (IP/IT), Greg Bush (Labour and Employment), Amanda Plastina (Financial Services), Calvin Wang and James Papaeliou (Students).
