Pluribus Technologies Corp. (TSXV:PLRB) acquired Rowanwood Professional Services Limited on May 30, 2022. Pluribus will pay RPSL an aggregate of approximately £3.6 million in cash, as well as an earn-out based on the achievement of future performance targets by Rowanwood. The price paid for the acquisition falls within Pluribus' historical target range for Adjusted EBITDA1 and the acquisition is expected to be immediately accretive. Andy Rendell, the Managing Director of Rowanwood, will remain involved in Rowanwood post-acquisition to ensure a smooth integration into the Pluribus portfolio of companies. Mark Taylor, Michael Cashman and Harsha Goel of Dorsey & Whitney acted as legal advisor to Rowanwood Professional Services.

Pluribus Technologies Corp. (TSXV:PLRB) completed the acquisition of Rowanwood Professional Services Limited on May 30, 2022.