BRC Group to Buy Sangoma in $203.7 Million Mixed Deal

The Tip Desk · November 8, 2026 · 1 min read

The company said the business communications solutions provider will add recurring revenue and create opportunities for operating synergies in its Communications platform.

BRC Group Holdings, Inc. (RILY) agreed to acquire Sangoma Technologies Corporation in a mixed transaction with a total enterprise value of $203.7 million.

The company said the deal is expected to close no later than early 2027, subject to Sangoma shareholder, court and regulatory approvals and other customary conditions.

Bryant Riley, Chairman and Co-Chief Executive Officer, framed the purchase as a fit with the firm’s existing Communications platform. “Consistent with that focus, we agreed to acquire Sangoma, a business with predictable cash flows that will bring meaningful scale and recurring revenue to our Communications platform and is highly complementary to our existing operations, creating opportunities for operating synergies,” Riley said.

The company described Sangoma as a business with predictable cash flows that will bring meaningful scale and recurring revenue to the Communications platform and is highly complementary to existing operations, creating opportunities for operating synergies.

No cash-per-share figure, exchange ratio, or disclosed premium was provided in the announcement. The structure is mixed rather than all-cash or all-stock.

The transaction remains subject to Sangoma shareholder, court and regulatory approvals and other customary conditions, with a close expected no later than early 2027.