Carrier Connect Data Solutions Inc. Signs Non-Binding Letter of Intent to Acquire Saint John Data Center Assets from Carbon60

Executive Summary

• Carrier Connect Data Solutions Inc. entered into a non‑binding Letter of Intent to acquire the data center business assets of Carbon60 Operating Co. Ltd. through its subsidiary PureColo.
• The proposed purchase price is $1,600,000 cash (including a $100,000 refundable deposit already paid and a $150,000 post‑closing payment), subject to adjustments for liabilities.
• Parties aim to sign a definitive agreement by Feb 15 2026 and close the transaction shortly thereafter, pending customary approvals and due‑diligence conditions.

Key Details

• Acquisition Target: Principal business assets of Carbon60’s data center operation (Saint John, New Brunswick).
• Structure & Consideration:
• Total cash consideration: $1,600,000.
• Deposit paid: $100,000 (fully refundable).
• Additional payment: $150,000 three months after closing, subject to reductions for any incurred liabilities or payables.
• No Finder’s Fees: Neither party will pay finder’s fees in connection with the transaction.
• Timeline:
• Definitive Agreement expected no later than 15 Feb 2026.
• Closing anticipated shortly after execution of definitive agreement.
• Conditions to Closing: Execution of definitive agreement, receipt of all required regulatory and shareholder approvals, satisfactory due‑diligence completion, and other customary closing conditions.
• Strategic Rationale (Carbon60): Retain operational control of existing facilities while focusing on cloud consulting and managed services across private cloud, AWS, Azure, and GCP for Maritime customers.
• Strategic Rationale (Carrier Connect): Adds a Tier II/III data center in Atlantic Canada to its national portfolio, providing long‑term customer base and expansion potential.

Notable Quotes

“The Saint John data center is the perfect addition to the Carrier portfolio, giving us national coverage from British Columbia to Atlantic Canada. We are acquiring an excellent portfolio of long‑term customers and a facility that will be highly autonomous to manage, with expansion possibilities.” – Mark Binns, CEO, Carrier Connect Data Solutions Inc.

“By bringing Carrier Connect’s co‑location expertise into the region to manage the data center facilities, this transaction enables Carbon60 to continue to operate in those same facilities while sharpening its focus on providing tailored cloud consulting and managed services across private cloud, AWS, Azure, and GCP platforms for our Maritime customers.” – Ryan Smyth, President & CEO, Carbon60 Operating Co. Ltd.