M&A Deal Summary

Beanfield Metroconnect Acquires Openface Internet

On February 3, 2020, Beanfield Metroconnect acquired communications company Openface Internet

Acquisition Highlights
  • This is Beanfield Metroconnect’s 1st transaction in the Communications sector.
  • This is Beanfield Metroconnect’s 1st transaction in Canada.
  • This is Beanfield Metroconnect’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-02-03
Target Openface Internet
Sector Communications
Buyer(s) Beanfield Metroconnect
Deal Type Add-on Acquisition

Target

Openface Internet

Montreal, Quebec, Canada
Openface Internet is a provider of fiber-based telecom services primarily to small and medium-sized businesses as well as enterprise customers. Openface Internet was established in 1996 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Beanfield Metroconnect

Toronto, Ontario, Canada
Category Company
Founded 1988
Sector Communications
DESCRIPTION

Beanfield Technologies, Inc. owns and operates a private fiber-optic network in Toronto, and provides comprehensive telecom services to over 700 commercial and residential buildings. Beanfield Technologies was founded in 1988 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 5
Type (Add-on Acquisition) 1 of 4
State (Quebec) 1 of 1
Country (Canada) 1 of 4
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Epik Networks

Toronto, Ontario, Canada

Epik Networks is a single source for all their Hosted PBX telephone and Fiber-Optic Internet requirements. Epik’s network eliminates up-front capital costs and reduces internal IT support budgets. Epik’s communication technology is future-proof; it can adapt to any changes in the industry, safeguarding our client's investments. Epik was formed in 2001 and is based in Toronto, Ontario.

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