Executing acquisition to support national expansion
F12.net (“F12”), a leading Canadian Managed Service Provider (MSP), was executing on a highly successful acquisition strategy, however, all their acquisitions had been in Western Canada. The company was now looking towards Ontario, and specifically, the GTA area for expansion, and FirePower was engaged to find appropriate targets.
FirePower’s team worked with F12 to understand their acquisition strategy, then built a comprehensive target list and crafted a story that emphasized F12’s amazing corporate culture. This was key to generating interest from potential targets in the MSP space, as it is dominated by younger business owners. Apps on Tap was of particular interest as it represented an exciting, potentially synergistic addition to F12’s eastern operations. FirePower’s team worked to make contact and build a relationship with the company.
Apps on Tap was ultimately sold on the benefits of joining the F12 family. With FirePower’s support, F12 acquired Apps on Tap in May,2018, thus taking a significant step forward in developing its GTA presence.
Rhyno Equity Group
Rhyno is a private equity firm that acquires mid-market manufacturing companies in the GTA. Rhyno's partners engaged FirePower to structure the debt component of a buy-out of a kitchen cabinet maker.
Versature is a rapidly growing Canadian VoIP service provider that had been through an unsuccessful sale process with another investment bank. FirePower’s Investment Banking team crafted a story highlighting Versature’s strong growth, brand, people and processes. The most compelling offer came from net2phone, a subsidiary of US public company, Under this new ownership,, Versature is well-positioned to accelerate its growth trajectory.