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M&A / Property

Parvis Invest to acquire Richmond Global for $800,000

By The Northwire Desk — AI Analysis Feb 19, 2026 · 19:58 PVIS · 0.30 Parvis Invest Inc
PVIS · Price

Executive Summary

  • Parvis Invest Inc. has entered into a definitive agreement to acquire all outstanding shares of Richmond Global Wealth Inc. (RGW), marking Parvis's first strategic acquisition.
  • The transaction is an all-share deal valued at approximately $800,000, with RGW shareholders receiving Parvis common shares at a deemed price of $0.50 per share.
  • The acquisition aims to integrate RGW’s full-service wealth, tax, and investment advisory capabilities into Parvis’s platform, expanding its ability to serve investors through both exempt market and CIRO-regulated channels.

Key Details

  • Transaction Structure: All-share transaction valued at approximately $800,000.
  • Consideration: Shareholders of Richmond Global Wealth Inc. will receive common shares of Parvis Invest Inc. at a deemed price of $0.50 per share.
  • Target Company: Richmond Global Wealth Inc. (RGW), a full-service wealth, tax, investment, and insurance advisory firm under the Bluestar Equity umbrella.
  • Strategic Rationale: To build a modern, integrated investment platform for Canadian investors by combining Parvis’s private market opportunities with RGW’s registered advisory infrastructure (planning, tax optimization, insurance, and portfolio strategy).
  • Regulatory Approvals: Unanimously approved by the boards of directors of both Parvis and RGW.
  • Closing Conditions: Subject to customary closing conditions, receipt of shareholder approval, receipt of all required regulatory approvals, and approval of the TSX Venture Exchange.
  • Expected Closing Date: On or about February 27.

Notable Quotes

  • "This acquisition deepens our commitment to giving investors clarity, choice and confidence... The addition of RGW's registered advisory platform allows us to offer a much wider range of investment options to our clients. Investors can now access both traditional investments, such as stocks and bonds, and private market opportunities, in one connected system." — David Michaud, Founder and CEO of Parvis.
Read the original news release →

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