ACCESS Newswire acquired Filing Services Canada Inc. (FSCwire) for USD $1,140,000 in cash plus $60,000 in restricted stock (3,402 shares), a transaction completed in July 2018, structured as cash and stock.
Filing Services Canada Inc. (FSCwire) operates in Newswire / press-release distribution, is based in Calgary, Alberta, Canada. Through its wholly owned subsidiary ACCESSWIRE Canada, Ltd., Issuer Direct acquired all of the outstanding equity of Filing Services Canada Inc., a Calgary-based press-release distribution business trading as FSCwire that focuses on the Canadian market. The deal expanded the ACCESSWIRE newswire footprint into Canada. Seller Fred Gautreau agreed to a two-year non-compete and joined Issuer Direct.
Expand ACCESSWIRE's press-release distribution capabilities in the Canadian market.
ACCESSWIRE Canada, Ltd.
Advisory firms were not disclosed for this transaction.