Business
Everyday People Financial Closes ACT Acquisition Expanding its UK RCM Platform
Edmonton, Alberta--(Newsfile Corp. - January 9, 2026) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, is pleased to announce that its wholly-owned subsidiary, BPO Collections Limited ("BPO"), has successfully completed the acquisition of ACT Credit Management Limited ("ACT") as of January 7, 2026 (the "Acquisition"). The Acquisition follows approval by the Financial Conduct Authority (the "FCA")..
About this update from Everyday People Financial Inc
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - January 9, 2026) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, is pleased to announce that its wholly-owned subsidiary, BPO Collections Limited ("BPO"), has successfully completed the acquisition of ACT Credit Management Limited ("ACT") as of January 7, 2026 (the "Acquisition"). The Acquisition follows approval by the Financial Conduct Authority (the "FCA") in the United Kingdom ("UK") received on December 16, 2025, in connection with the share purchase agreement (the "Purchase Agreement") dated November 6, 2025.","length":737,"tagName":"p"},{"type":"text","content":""The successful closing of the ACT Acquisition marks a significant milestone and our fifth acquisition in expanding our UK revenue cycle management ("RCM") operations," said Graham Rankin, Co-CEO RCM (UK) of the Company. "ACT's strong reputation and operational expertise meaningfully enhance our RCM platform and align with our disciplined acquisition strategy. We anticipate ACT to contribute an annual EBITDA in the range of approximately C$750 thousand to C$1.0 million, with anticipated revenue to be in the range of C$6.0 million to C$9.0 million, further supporting the Company's steady growth through targeted acquisitions."","length":670,"tagName":"p"},{"type":"text","content":"Under the terms of the Purchase Agreement, BPO acquired 100% of the issued and outstanding shares in ACT. The Company did not assume any of ACT's existing debt. The Acquisition was funded through existing cash flow, and no shares were issued.","length":246,"tagName":"p"},{"type":"text","content":"Founded over a decade ago, ACT provides comprehensive debt collection and credit management services across the UK and is authorized and regulated by the FCA. Its client base spans multiple industries, offering specialized services in debt recovery, tracing, credit reporting, and legal enforcement.","length":299,"tagName":"p"},{"type":"text","content":"Shares for Debt","length":15,"tagName":"p"},{"type":"text","content":"On January 8, 2026, the Company entered into debt settlement agreements (the "Debt Settlement") with four independ...