FirePower Capital Corp. (“FirePower”), Canada’s entrepreneurial investment bank and investor, is pleased to announce it advised on the recapitalization and partial sale of Decisive Technologies Inc. (a wholly owned subsidiary of Decisive Holdings Inc.), a value-added reseller of IT hardware, and BriteSky Technologies Inc., a Canadian, managed cloud services provider (collectively “Decisive”), to Roynat Capital Inc. (“Roynat”) and Third Century Investment Associates, LP (“Third Century”), a growth investor.
FirePower acted as exclusive advisor to Decisive, negotiating a successful new partnership that is fully-aligned with the shareholders’ vision for the future of the company.
“We’ve had great success in building the business organically over the past five years,” said Mike Smith, President of Decisive. “But we reached a juncture where we needed access to additional capital to help accelerate the company’s growth. FirePower worked hard to understand our priorities. Our deal with Third Century fits our objectives and allows us to continue to build the company with an investor that shares our vision. In addition to finding a buyer that recognized the potential in our company, FirePower’s investment banking team guided us through essential discussions to ensure our values and vision were aligned with that of the buyer.”
“We are thrilled to be joining the Decisive family,” said Joel Iglehart, Partner, Third Century. “From the beginning, it was clear the company offers a unique value proposition to the market. Over the last several years, Decisive has enjoyed remarkable success, which is a testament to the leadership of the three founders, Mike Smith, Joey Harrison and Richard Losier, as well as the broader management team. We are motivated to accelerate the company’s current growth trajectory, while continuing to offer superior service to our customers and supplier partners for many years to come.”
“Roynat has delivered a unique and comprehensive financing solution for Third Century’s investment in Decisive,” said Jason Simon, Associate Director with Roynat. “We look forward to building a long-term partnership and supporting the continued growth of the company. The three founders have built a strong business and are well-aligned with Third Century to build upon this foundation and accelerate growth. We’re thrilled to be a part of the deal and to see what the future holds for this new partnership.”
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“Our investment banking team strives to understand the unique priorities of sellers,” said Ilan Jacobson, Founding Partner and CEO of FirePower. “In this case, our team understood that an alignment of values and vision was critical. We worked hard to achieve this: surfacing the right buyer, guiding discussions, and negotiating deal structure to make certain our clients objectives were met or surpassed.”