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FAQ: Carrier Connect Data Solutions Acquisition of PureColo Inc.
TL;DR
Carrier Connect gains strategic advantage by acquiring PureColo's Ottawa data centers, expanding to 4 locations with strong revenue growth and AI opportunities.
Carrier Connect acquires PureColo through a definitive share purchase agreement issuing 4.6 million shares plus $2.3 million cash, subject to escrow and closing conditions.
This acquisition expands data center capacity for AI companies and enterprises, improving connectivity and disaster recovery services for businesses and communities.
PureColo's Ottawa data centers serve 60 customers with 28% revenue growth, now joining Carrier Connect's international data center portfolio across three regions.
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Carrier Connect Data Solutions Inc. has signed a definitive share purchase agreement to acquire all issued and outstanding securities of PureColo Inc., an established provider of carrier-neutral data centers in the Ottawa region.
The acquisition includes issuing 4,606,704 common shares to PureColo securityholders and approximately $2,326,000 in cash consideration payable over nine months, with the shares subject to escrow conditions releasing in thirds at 4, 8, and 12 months post-closing.
PureColo is an established provider of carrier-neutral data centers in the Ottawa, Canada region offering colocation and server hosting for internet connectivity, geographical redundancy, and disaster recovery services.
PureColo's unaudited 2025 revenue is forecast at CAD ~$2.35M with ~$1.13M gross profit (48% margin), $1M in operational expenses, and the company is EBITDA positive with 28% year-over-year revenue growth and $3.7M in total assets.
PureColo operates 2 data centers located on Riverside Drive and March Road in Ottawa, Ontario, serving approximately 60 customers.
The acquisition expands Carrier Connect's portfolio to 4 data centers across 3 regions, provides more space for existing and prospective customers, and creates opportunities for mid-market AI opportunities that should drive significant future revenue.
Completion is subject to customary closing conditions set forth in the share purchase agreement, including approval from the TSX Venture Exchange.
Rainer Paduch, CEO of PureColo, noted smooth integration progress and AI opportunities, while Mark Binns, CEO of Carrier Connect, expressed excitement about expanding their portfolio and welcoming the PureColo team.
Carrier Connect's mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises, and small businesses.
The definitive share purchase agreement was signed on November 27, 2025, with the announcement made on November 28, 2025.
Curated from NewMediaWire
