Uniserve Expands Ontario Reach with Strategic MSP Acquisition

Uniserve Communications Corporation, a leading Canadian provider of managed IT, ISP, cloud, and data centre services, has announced a strategic move to expand its Ontario operations through the acquisition of an Ontario-based Managed Service Provider (MSP). The company, which trades on the TSX Venture Exchange under the symbol USS, entered into a Letter of Intent on February 19, 2026, to acquire the shares and/or assets of this MSP, which specializes in providing a comprehensive suite of services including security, value-added reseller offerings, and traditional managed IT services. This acquisition is poised to significantly enhance Uniserve's service depth in Ontario, supporting the growth of its recurring revenue-based offerings and consolidating its ability to deliver these critical services to businesses across the province. Interim CEO Kwin Grauer emphasized that this move aligns with Canadian businesses' ongoing digital transformations, as Uniserve works to build future-ready digital infrastructure to help navigate the challenging landscape, with the acquisition expected to bring approximately $2.1 million in top-line sales, $600,000 in EBITDA, and critically skilled talent to the organization.

The transaction details reveal a purchase price of CAD $1,300,000, structured with $1,000,000 payable in cash and $300,000 through a convertible note expiring three years from closing. This note offers conversion into common shares at escalating prices: $0.80 per share in year one, $0.90 in year two, and $1.00 thereafter until expiration, with interest accruing at 7% per annum, calculated and paid monthly. Notably, Uniserve will not assume any long-term debt from the MSP, and the deal involves no finder's fees or change of control, with the MSP and its shareholders being arm's length to the company. The acquisition is contingent on executing a definitive agreement within 30 days, subject to further due diligence, final approval from Uniserve's Board of Directors, and the approval of the TSX Venture Exchange. This cautious approach underscores the company's commitment to a smooth integration and strategic growth, as highlighted in the original release on www.newmediawire.com, where readers can learn more about this expansion.

Uniserve, with offices in Vancouver, Calgary, and Waterloo, delivers secure, reliable, and customized IT solutions across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet. This acquisition reinforces its mission to power businesses forward through robust digital infrastructure, ensuring maximum uptime, security, and scalability. For further details, stakeholders are encouraged to visit www.uniserve.com or www.sedarplus.ca, and contact corporate relations via email or phone. The news release, prepared by the Board of Directors, includes forward-looking statements cautioning that actual results may differ due to various factors, with no regulatory authority approving the information. This strategic move positions Uniserve to better serve the evolving needs of Canadian enterprises, leveraging the MSP's expertise to enhance its Ontario footprint and advance its national digital infrastructure platform.