Add-on Acquisition • Communications

Mainline Acquires Converge

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

Acquisition Context

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.

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M&A Deal Summary
Date	February 7, 2025
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 Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Communications	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Philippines	1 of 1
Year: 2025	1 of 1

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