Converge Technology Solutions Corp., an IT and cloud solutions provider, announced its acquisition of PC Specialists, Inc., doing business as Technology Integration Group (TIG), a company that delivers optimized performance solutions and critical business support. TIG, which has a 40+ year history and operates from its San Diego headquarters with 20 offices across North America, offers a range of IT services including procurement, strategic planning, and cloud computing, mainly in the United States and Canada. Tom Janecek, CEO and CFO of TIG, expressed enthusiasm about joining Converge, praising TIG’s successful history and looking forward to future prospects for their clients and partners. Similarly, Shaun Maine, CEO of Converge, highlighted the acquisition as a strategic step for growth and expansion, noting TIG’s expertise in education and government sectors which will enhance Converge's North American market reach. For the fiscal year ending October 31, 2021, TIG reported gross revenue of approximately C$423.0 million and an adjusted EBITDA of C$14.8 million. The transaction involves a cash payment of US$74.0 million at closing, with additional payouts for positive net working capital. The purchase multiple is set at roughly 5.96 times the adjusted EBITDA, accounting for positive working capital. The acquisition is anticipated to be immediately beneficial to Converge, expected to increase both revenue and adjusted EBITDA. This acquisition is Converge’s thirty-first since October 2017, joining a large family of companies under Converge's umbrella, which includes several entities specializing in various IT services and solutions.