October 22, 2024 – MS Solutions Equipment Inc. (“MS Solutions”) is pleased to announce that it is joining the large Canadian family of MSP Operational Corp. (“MSP Corp.”) in order to continue its growth. This acquisition will allow the two organizations to join efforts to support Canadian SMEs with their growing technological needs.
Maxime Dion, President of MS Solutions and major shareholder, chose MSP Corp. as the acquirer because he sees several growth opportunities for the two newly linked organizations, but also for the employees. In addition to benefiting from new cross-selling opportunities while strengthening the geographic coverage of both organizations, several members of MS Solutions’ management are investing in MSP Corp. Mr. Dion and all members of senior management will remain in place to ensure the continuity of MS Solutions’ operations and growth, within the group MSP Corp. joins and I wish to contribute. I sincerely believe that MS Solutions will be able to help the organization gain expertise and additional services and that we will be able to contribute together to serve Canadian SMEs with their adoption of new technologies. I am proud that MS Solutions is joining the ranks of the great MSP Corp. family,” said Maxime Dion, President of MS Solutions.
“We are delighted to welcome MS Solutions to the MSP Corp. family. MS Solutions has built an excellent reputation in Quebec by providing high-quality IT services and exceptional customer support. This acquisition fits perfectly with our growth plan, integrating MS Solutions’ unique expertise, which allows us to diversify our service lines to better meet the evolving needs of our customers. By strengthening our local reach in the province of Quebec, we are consolidating our regional position and advancing our strategy to consolidate the Canadian market,” said Habib Malik, CEO of MSP Corp. With a pan-Canadian presence, MSP Corp. will have more than 450 IT experts dedicated to continuously improving the customer experience.
Desjardins provided the financing for this transaction, while Fasken Martineau DuMoulin LLP acted as legal advisor to the buyers and GB2C acted as financial advisor to the sellers.
About MS Solutions
MS Solutions is a leading managed IT services provider dedicated to small and medium-sized businesses, offering a wide range of services including cybersecurity, IT support, Bill 25 compliance, digital infrastructure, as well as hardware and software reselling. With a proven track record of profitability, ability to execute and integrate acquisitions and its experienced management team, MS Solutions is positioned to maximize its future growth potential. www.mssolutions.ca
About MSP Corp.
MSP Corp. is a pan-Canadian managed services provider specializing in cloud technology, cybersecurity and IT support services. With a strong focus on customer experience, MSP Corp. delivers tailored solutions to help Canadian businesses stay ahead of the ever-changing digital landscape. www.mspcorp.ca
About Alfar Capital
Alfar Capital is an investment fund for entrepreneurs that uses a diversified approach to achieve superior returns. Alfar Capital’s team of seasoned entrepreneurs with a long track record of successful partnerships understands the challenges business owners face and helps them reach new heights. www.alfarcap.com
About Partenaires Walter Capital
Walter Capital Partners is an investment firm that is part of Walter Capital Management. Its investment model combines capital injection and operational expertise to support the growth of promising companies on solid and sustainable foundations, drawing on the entrepreneurial experience of Walter Capital Management and the business management expertise of its partners. Based in Montreal, Walter Capital Partners has a strong international network. www.waltercapital.ca
For further information please contact:
Marie-Eve Ducharme, VP Sales, Marketing and Customer Experience: [email protected]
