Intelligent Protection Management Corp. Signs Definitive Agreement to Acquire Advanced Technology Distributors Business
Intelligent Protection Management (Nasdaq: IPM) signed a definitive agreement to acquire Advanced Technology Distributors' IT, telecom, connectivity and managed services business for up to $2.7 million. The deal closes in two stages: IPM takes 49% of AdTech unit JVCo after CPUC approval of a Tier 2 Advice Letter, then the remaining 51% after a CLEC license change-of-control approval. Consideration includes cash, a seller note and a milestone-based earnout; no consideration was paid at signing.
Key figures
- Deal Value Usd
- 2700000
- Final closing stake
- 51%
- First closing stake
- 49%
- Consideration structure
- cash at First and Final Closings, seller note, performance-based earnout
AI analysis
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