BRC to Acquire Sangoma at Enterprise Value of $204 Million in Cash and Stock

04:16 AM EDT, 09/29/2026 (MT Newswires) -- BRC Group Holdings (RILY) has agreed to acquire Sangoma Technologies (SANG) for an enterprise value of $204 million in cash and stock, the companies said Tuesday. Under the deal, Sangoma shareholders will receive $4.93 in cash and 0.04767 shares of BRC for each Sangoma share they own, the companies said. The deal represents a premium of around 47% based on the closing price on Sept. 28, the companies said. Sangoma's board unanimously approved the transaction and recommended that shareholders vote in favor of the deal, the companies said. Directors and officers holding about 27% of Sangoma's outstanding shares have also agreed to support the transaction, they said. The companies said the deal is subject to Sangoma shareholder approval and is expected to close in early 2027. Upon completion of the deal, Sangoma shareholders will collectively own about 4% of BRC, the companies said.