Gores Group Acquires Canadian Outsourcing BusinessFriday, March 8, 2013
Gores Group on Friday said that it will acquire three outsourcing services units from Toronto’s Davis + Henderson Corp.
The businesses focus on outsourcing, coupon and rebate processing, and real estate software. These units will become part of the newly formed Millennium Process Group Inc., based in East Mall, Ontario, with the current management teams expected to stay on.
“This platform will provide current and future customers a stable service delivery platform focused on the Canadian market,” Victor C. Otley, Gores managing director, said in a statement.
Terms of the deal, which was led by Gores Small Capitalization Partners, were not disclosed. The transaction is expected to close in the second quarter.