In a media release, the Municipality of Kincardine announced on March 28th that it completed its agreement with Windsor Private Capital for the acquisition of Bruce Telecom Inc. by way of a friendly acquisition bid.
“All parties have completed the necessary due diligence process since entering into the agreement to purchase in October 2023, and have affirmed the transaction will proceed as intended. We are delighted with the acquisition and look forward to working closely with Windsor Private Capital and continue to evolve our business,” said Ray Lahoud, CEO of Bruce Telecom. “Windsor Private Capital brings capital and strategic connections that will strengthen our company’s position in the market, benefitting our employees and customers.”
“Bruce Telecom is an excellent communications provider and an organization that has shown remarkable commitment to customer experience,” said Marco Di Carlantonio, Senior Vice-President, Windsor Private Capital. “Our shared values and vision make us confident that this new chapter will lead to a prosperous future for Bruce Telecom and the communities we serve.”
Bruce Telecom provides the communities of Chelsey, Kincardine, Paisley, Port Elgin, Tiverton, Owen Sound, Southampton and the surrounding region with a full range of home and business telecommunications support including home phone, internet, TV and mobile services.
Bruce Telecom’s name and brand, management, employees and partners remain unchanged, and will continue to provide customers with the same high quality of telecommunications service they have come to depend on.
About Bruce Telecom: Bruce Telecom is a municipal telecommunications company wholly owned by the Corporation of the Municipality of Kincardine. It provides the communities of Kincardine, Port Elgin, Tiverton, Southampton, Chesley, Paisley, Owen Sound and the surrounding region with a full range of home and business land-line, Internet, TV and mobile services, as well as a suite of business services including hosted PBX. The company is under the directorship of a Board of Directors, appointed by the municipality in 2017. For more information, please visit www.brucetelecom.com
