BRC Group to Buy Sangoma in $204 Million Mixed Deal
BRC will fold Sangoma into BRC Telecom, a portfolio of communications businesses serving small businesses through the mid-market.
BRC Group Holdings, Inc. (RILY) agreed to acquire Sangoma Technologies Corporation (SANG) in a mixed cash-and-stock transaction with an enterprise value of approximately US$204 million (C$289.1 million).
Shareholders of Sangoma will receive US$4.925 in cash and 0.04767 of a share of BRC common stock for each Sangoma share. The consideration represented a premium of approximately 47% based on the closing price and a premium of approximately 51% based on the 10-day volume-weighted average price of Sangoma shares on the TSX as of September 28, 2026.
Upon closing, Sangoma will operate as part of BRC Telecom, a portfolio of communications businesses backed by BRC that serves customers ranging from small businesses to the mid-market under their respective brands.
“Sangoma brings a comprehensive communications platform with the extensibility to serve and grow with our mid-market customers,” said BRC Telecom CEO Ananth Veluppillai.
The transaction is expected to close no later than early 2027, assuming the timely receipt of all required approvals.
The deal sits in a run of communications-platform combinations aimed at small and mid-sized businesses. Ooma, Inc. (OOMA) agreed in November 2025 to buy FluentStream Corp. for approximately $45 million in cash, a purchase it said would add about 80,000 business users and was expected to be accretive to adjusted EBITDA and non-GAAP earnings per share from the closing date. Crexendo, Inc. (CXDO) has likewise combined organic growth with acquisitions of cloud-communications providers, describing a strategy of accretive deals drawn from its NetSapiens licensee ecosystem.
BRC framed the Sangoma purchase as an extension of that same mid-market communications stack rather than a change of control of a standalone platform. Sangoma’s platform would sit alongside existing BRC Telecom brands, with the combined portfolio continuing to serve small and mid-market customers under those brands after the close.
Closing remains subject to customary approvals. The transaction is expected to complete no later than early 2027 if those approvals arrive on schedule.