Business
Everyday People Financial Signs Share Purchase Agreement to Acquire Groupe Solution and Secures C$5.3 Million in Debt Financing from a Leading Canadian Bank
Acquisition will bolster Everyday People's revenue cycle management services Edmonton, Alberta--...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Signs Share Purchase Agreement to Acquire Groupe Solution and Secures C$5.3 Million in Debt Financing from a Leading Canadian BankAcquisition will bolster Everyday People's revenue cycle management servicesEdmonton, Alberta--(Newsfile Corp. - March 21, 2023) - Everyday People Financial Corp. (TSXV: EPF) (\"Everyday People\" or the \"Company\"), a Canadian-based financial services company, is pleased to announce that its wholly-owned subsidiary, General Credit Services Inc. (\"General Credit\"), has entered, on March 20, 2023, into a share purchase agreement (the \"Purchase Agreement\") with the shareholders (the \"Shareholders\") of Groupe Solution Collect Solu Inc. (\"Groupe Solution\"), one of Canada's premier providers of revenue cycle management services, to acquire (the \"Acquisition\") 100% of the issued and outstanding shares in the capital of Groupe Solution (the \"Groupe Solution Shares\").Groupe Solution serves enterprise clients requiring accounts receivable management, collections and bill presentment, and payment management solutions, including banks and other financial institutions, telecom and utility companies, property management and construction firms, governments, healthcare providers, transportation, logistics businesses, and more. \"The acquisition of Groupe Solution is strongly aligned with both our strategic and financial objectives, while bolstering our account receivable management services business line,\" said Barret Reykdal, CEO of Everyday People. \"We look forward to welcoming the team, leveraging our combined expertise and expanded offering, and solidifying our position as a market leader in Canada.\" \"We would like to thank all Groupe Solution team members and our valued clients who have all participated in our successes to date,\" said Ghislain Rheaume, President and Co-founder at Groupe Solution. \"We are very proud of this transition and look forward to creating even more value for our clients and their customers across Canada.\"\"Our mission has always been to deliver a unique, customer-centric model that provides optimal performance, efficiency, and quality, while helping our customers reduce their operating costs and increase cash flow,\" said Andre Pitoscia, COO and Co-founder of Groupe Solution.\"Key management of General Credit and Groupe Solution have worked to...