ALYA - Alithya acquires Vitalyst for $50.2M

Alithya Group (NASDAQ:ALYA) has completed the acquisition of US-based Vitalyst for a purchase price of up to $50.2M (C$64.1M). Vitalyst is an award-winning Microsoft Gold Partner providing best-in-class employee experience and transformative change enablement via the on-demand, subscription-based Adaptive Learning™ proprietary platform. It has established relationships with 25%+ of Fortune 1000 companies spanning a broad spectrum of industries. The consideration amount comprises of upfront purchase price of $49.2M and a potential $1M earn-out payable after twelve months, subject to the achievement of a profitability increase target. The purchase price and related transaction costs were funded through a combination of a C$25M private placement of Class A subordinate voting shares, a C$7.5M subordinated unsecured loan and availability under Alithya's newly upsized C$125M revolving credit facility. Pursuant to the closure, Pierre Karl Péladeau will hold approximately 17.9% of Alithya's total issued and outstanding shares and 10.4% of the voting rights attached to Alithya's issued and outstanding shares, and

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Alithya acquires Vitalyst for $50.2M