Everyday People Financial Corp. Announces the Acquisition of ACT Credit Management Limited

Executive Summary

• Everyday People Financial Corp.’s subsidiary BPO Collections Ltd. entered a Share Purchase Agreement to acquire 100 % of ACT Credit Management Ltd., marking the company’s fifth acquisition in its revenue‑cycle‑management pillar.
• The transaction is deemed non‑material, will be funded with existing cash flow (no new shares or debt assumed), and is expected to close around January 3 2026 pending regulatory approvals.
• ACT is projected to contribute approximately C$0.75–1.0 million of annual EBITDA and C$6.0–9.0 million of revenue, enhancing Everyday People’s market position in the UK.

Key Details

• Acquirer: BPO Collections Limited (wholly‑owned subsidiary of Everyday People Financial Corp.)
• Target: ACT Credit Management Limited (“ACT”) – a UK‑based debt collection and credit management firm.
• Purchase Structure: 100 % of issued and outstanding shares of ACT; no assumption of ACT’s existing debt.
• Financing: Acquisition funded entirely through Everyday People’s existing cash flow; no issuance of new securities or warrants.
• Closing Conditions: Subject to customary closing conditions, including third‑party and regulatory approvals (e.g., FCA acceptance). Anticipated closing date ≈ January 3 2026.
• Regulatory Treatment: Classified as an “Exempt Transaction” under TSXV Policy 5.3; not a “Fundamental Acquisition”; no shareholder approval required; no new insiders or control persons created.
• Financial Impact (Projected):
• Annual EBITDA contribution: C$0.75 million – C$1.0 million.
• Annual revenue contribution: C$6.0 million – C$9.0 million.
• Strategic Rationale: Strengthens Everyday People’s Revenue Cycle Management (RCM) business pillar, expands UK market presence, and adds complementary operational expertise.
• No Finder’s Fee: The transaction will be completed without payment of a finder’s fee.

Notable Quotes

“We are proud to announce our fifth acquisition, marking another key milestone in the expansion of our revenue cycle management business pillar,” said Graham Rankin, Co‑CEO RCM (UK) of Everyday People.
“ACT's reputation and operational expertise strengthen our market position and complement our strategic growth objectives.”