Clairvest Group Inc. has successfully divested its interests in F12.net, a leading managed service provider in Canada, achieving a significant return on investment.

Target Information

F12.net, commonly referred to as F12, stands as one of the largest privately held managed service providers in Canada. The firm primarily serves small and medium-sized enterprises across the nation, boasting a presence in Alberta, British Columbia, and Ontario. F12 is dedicated to supporting over 20,000 users by offering mission-critical managed technology services through its innovative platform, F12 Connect.

Since Clairvest Group's initial partnership with F12 in November 2020, the company has achieved remarkable growth, successfully executing a value creation plan that facilitated scaling its platform over various geographies and sectors. Within five years, F12 increased its revenue by over 2.5 times and its EBITDA by more than 3.5 times, driven by both strong organic growth and strategic acquisitions.

Industry Overview in Canada

The managed services industry in Canada has seen significant transformation in recent years, largely propelled by advancements in technology and the increasing reliance of businesses on digi