Add-on Acquisition • Communications

Beanfield Technologies Acquires Urbanfibre

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

Acquisition Context

This is Beanfield Technologies’ 5th transaction in the Communications sector.
This is Beanfield Technologies’ 4th transaction in Canada.
This is Beanfield Technologies’ 1st transaction in British Columbia.

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

Target Company

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 Overview 1

Buyer

Beanfield Technologies

Toronto, Ontario, Canada

Category	Company
Founded	1988
Sector	Communications

DESCRIPTION

Beanfield Technologies owns and operates a private fiber-optic network 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 Context for Buyer	#
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.	Buy	-

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.

Buy

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