Carrier Connect Data Solutions Acquires PureColo to Expand Data Center Portfolio

Carrier Connect Data Solutions Inc. has entered into a definitive share purchase agreement to acquire all issued and outstanding securities of PureColo Inc., an established provider of carrier-neutral data centers in the Ottawa region. The acquisition represents a strategic expansion for Carrier Connect as it continues its mission to consolidate Tier II/III data centers internationally that specialize in delivering colocation services. PureColo brings two operational data centers in Ottawa with approximately 60 customers and significant growth potential to the combined organization.

Under the terms of the agreement, Carrier Connect will issue 4,606,704 common shares to PureColo securityholders, with these consideration shares subject to escrow conditions releasing in thirds at 4, 8, and 12 months following closing. Additionally, PureColo securityholders will receive cash consideration expected to be approximately $2,326,000, payable over a nine-month period following closing and subject to adjustment based on certain debt covenants. The transaction completion remains subject to customary closing conditions, including approval from the TSX Venture Exchange, with the companies emphasizing that the deal was negotiated at arm's length with no finders fees or commissions payable.

PureColo's financial performance demonstrates strong growth fundamentals, with unaudited revenue for 2025 forecast at approximately CAD $2.35 million based on current run rates. The company maintains healthy margins with gross profit of approximately $1.13 million (48%) and operational expenses forecast at $1 million (46%). Revenue growth at PureColo is tracking at 28% year-over-year, and the company is EBITDA positive with $3.5 million in property, plant and equipment and $3.7 million in total assets. These financial metrics indicate a profitable operation that complements Carrier Connect's existing portfolio.

Rainer Paduch, Chief Executive Officer of PureColo, highlighted the strategic benefits of the combination, noting that the due diligence process has progressed well and indicating that integration should proceed smoothly. Paduch specifically pointed to emerging opportunities in the mid-market AI sector that align well with both companies' data center capabilities, suggesting significant revenue potential going forward. The collaboration between the teams during the due diligence phase has already yielded referral opportunities for Carrier Connect's existing data centers.

Mark Binns, Chief Executive Officer of Carrier Connect, expressed enthusiasm about adding PureColo's Ottawa-based data centers to the company's portfolio. With this acquisition, Carrier Connect expands to four data centers across three regions, strengthening its revenue base and expansion capacity. Binns emphasized that PureColo provides additional space to serve existing and prospective customers while the company continues its strategy of accumulating capacity through ongoing acquisitions. The acquisition represents a significant step in Carrier Connect's international roll-up strategy for Tier II/III data centers specializing in colocation services. Further information about the company's regulatory filings can be found at https://www.sedarplus.ca, while the original release is available at https://www.newmediawire.com.