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  5. Mainline Acquires Converge

M&A Deal Summary

Mainline Acquires Converge

On February 7, 2025, Mainline acquired communications company Converge for 1.3B CAD

Acquisition Highlights
  • This is Mainline’s 1st transaction in the Communications sector.
  • This is Mainline’s 0th largest (disclosed) transaction.
  • This is Mainline’s 1st transaction in Philippines.

M&A Deal Summary
Date 2025-02-07
Target Converge
Sector Communications
Buyer(s) Mainline
Deal Type Add-on Acquisition
Deal Value 1.3B CAD
Advisor(s) Canaccord Genuity (Financial)
Goodmans (Legal)

Target

Converge

Pasig City, Philippines
Converge is a fixed broadband provider. It provides high-speed internet at affordable prices to both retail and enterprise customers through its extensive proprietary fiber network that extends from the backbone to the last mile. Converge was founded in 2007 and is based in Pasig City, Philippines.

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Buyer(S) 1

Buyer

Mainline

Tallahassee, Florida, United States
Category Company
Founded 1989
Sector Information Technology
DESCRIPTION

Mainline is an ITSP that offers high-value, customized IT solutions to blue-chip enterprises. The company's differentiated solution offerings are wrapped in unique value-added products and services that support mission-critical IT infrastructure, applications, and data assets. Mainline was founded in 1989 and is based in Tallahassee, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2025 M&A 1 of 1
Mergr

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