M&A Deal Summary

Beanfield Metroconnect Acquires Urbanfibre

On July 28, 2022, Beanfield Metroconnect acquired communications company Urbanfibre

Acquisition Highlights
  • This is Beanfield Metroconnect’s 5th transaction in the Communications sector.
  • This is Beanfield Metroconnect’s 4th transaction in Canada.
  • This is Beanfield Metroconnect’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-07-28
Target Urbanfibre
Sector Communications
Buyer(s) Beanfield Metroconnect
Deal Type Add-on Acquisition

Target

Urbanfibre

Burnaby, British Columbia, Canada
Urbanfibre is a full-service telecommunications company with a private fibre network delivering service to commercial, residential and public sector customers under the Urbanfibre brand. The Company’s fibre optic network covers more than 210 kms across Southern British Columbia and was overbuilt to meet the exacting and mission critical needs of public sector, emergency services and enterprise customers. Urbanfibre is based in Burnaby, British Columbia.

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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 5 of 5
Sector (Communications) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 4 of 4
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Wesley Clover’s Eclipse Trading Turret Solutions

New York, New York, United States

Wesley Clover’s Eclipse Trading Turret Solutions combines the functionality of traditional turret systems, the ease of use of desktop phones, and the latest touch screen technologies into one streamlined, cost-effective package.

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