Small Business
DR. PHONE FIX COMPLETES ACQUISITION, ESTABLISHES NEW BRUNSWICK PRESENCE, ADVANCES NATIONAL EXPANSION STRATEGY
Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning integrated device care platforms, is pleased to announce that it has completed its previously announced acquisition of the assets of Martin Cell Phone Solutions Ltd. ("Martin") an established device repair business located in Saint John, New Brunswick (the "Transaction").
About this update from Dr. Phone Fix Canada Corporation
Acquisition expands Company's integrated device care platform to 45 corporately owned locations across six provinces EDMONTON, AB , Aug. 4, 2026 /CNW/ -- Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning integrated device care platforms, is pleased to announce that it has completed its previously announced acquisition of the assets of Martin Cell Phone Solutions Ltd. ("Martin") an established device repair business located in Saint John, New Brunswick (the "Transaction"). The acquisition establishes Dr. Phone Fix's presence in New Brunswick and expands the Company's corporately owned retail network to 45 locations across six (6) provinces, further advancing its strategy of building a scalable national integrated device care platform through disciplined acquisitions, selective greenfield expansion and strategic partnerships. The Transaction adds an established revenue-generating retail location, a loyal customer base and an immediate operating presence in New Brunswick, strengthening the Company's growing footprint in Atlantic Canada following its recent expansion into Nova Scotia. "Our objective is to build a scalable national integrated device care platform by acquiring quality businesses and integrating them into our centralized operating model," said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. "This transaction reflects the disciplined acquisition strategy we intend to replicate as we continue expanding our national integrated device care platform, which we believe can create meaningful shareholder value. This strategy includes a disciplined purchase price, modest upfront cash, vendor alignment and operational upside through integration." Transaction Details Under the terms of the asset purchase agreement governing the Transaction, Dr. Phone Fix has acquired the assets of Martin for total consideration of $144,440.48, which includes $9,440.48 of inventory. The purchase price is structured to preserve cash and align vendor incentives with post-closing performance, and includes: In connection with the Transaction, the Company issued 352,849 common shares of the Company to Martin, representing an aggregate value of $44,440.48 (the "Consideration Shares"). The Consideration Shares are subject to a statutory hold period of four months an...
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