Sangoma Technologies Corp ($sang) saw its shares surge sharply, climbing over 40% in after-hours trading following the announcement that it will be acquired by an affiliate of BRC Group Holdings ($rily) in a deal valued at approximately $204 million. Under the terms, Sangoma shareholders will receive $4.925 in cash plus 0.04767 shares of BRC common stock for each Sangoma share, implying a total consideration of about $5.225 per share. This represents a premium of roughly 47% over Sangoma’s closing price on September 28, 2026. The transaction, unanimously approved by Sangoma’s board and supported by insiders holding about 27% of shares, is expected to close by early 2027 pending shareholder and regulatory approvals.
Once completed, Sangoma will become part of BRC Telecom, expanding BRC’s communications portfolio with Sangoma’s AI-powered customer experience and contact center platforms. This acquisition enhances BRC’s footprint in unified business communications, serving a broad customer base from small businesses to mid-market enterprises. Both companies highlighted the strategic fit, with Sangoma’s CEO emphasizing the deal’s immediate value and growth potential, while BRC’s leadership pointed to the combined operational strengths and expanded market reach the merger will create.
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