Uniserve Expands Ontario Operations Through Strategic Managed Service Provider Acquisition

Uniserve Communications Corporation has announced its entry into a Letter of Intent dated February 19, 2026, to acquire the shares and/or assets of an Ontario-based Managed Service Provider. This MSP provides a comprehensive range of services including security, value-added reseller services, and traditional managed IT services. According to Interim CEO Kwin Grauer, this acquisition will enhance the depth of services Uniserve delivers while strengthening Ontario operations and supporting growth in recurring revenue-based service offerings.

The transaction is expected to bring approximately $2.1 million in top line sales and $600,000 in expected EBITDA to the organization, along with critically skilled talent. Grauer emphasized that as Canadian businesses continue their digital transformations, Uniserve is working to build future-ready digital infrastructure to help these businesses navigate the challenging landscape. The purchase price is set at CAD $1,300,000, payable through $1,000,000 in cash and $300,000 via a convertible note expiring three years from closing.

The convertible note will be convertible into common shares of the Company at $0.80 per share during the first year, $0.90 per share during the second year, and $1.00 thereafter until expiration. Interest will accrue on the balance at 7% per annum, calculated and paid monthly by the Company. Importantly, Uniserve will not assume any long-term debt from the MSP, and no finder's fees will be paid in connection with the transaction, which will not result in a change of control.

This strategic move is subject to several conditions including the execution of a definitive agreement within 30 days, further due diligence by Uniserve, final approval from the Company's Board of Directors, and approval from the TSX Venture Exchange. The MSP and its shareholders are arm's length to Uniserve, ensuring an independent transaction. The acquisition represents a significant step in Uniserve's expansion strategy within Ontario's competitive managed services market.

The implications of this announcement extend beyond immediate financial metrics, positioning Uniserve to better serve Canadian businesses undergoing digital transformation. By acquiring an established MSP with security and value-added reseller capabilities, Uniserve strengthens its competitive position in providing comprehensive IT solutions. This expansion supports the company's national digital infrastructure platform development while potentially increasing market share in Ontario's growing technology services sector.

For additional information about Uniserve, visit https://www.uniserve.com or access regulatory filings at https://www.sedarplus.ca. The original news release can be viewed on https://www.newmediawire.com.