US EditionFrancisco Partners to Buy Calgary-Based Blackline Safety in Deal Worth up to $850M
The deal includes a contingent payout of up to 50 cents per share if Blackline meets revenue targets by October 2027.
- On Wednesday, Calgary-based Blackline Safety Corp. agreed to be taken private by U.S. private equity firm Francisco Partners Management in a deal valued at up to $850 million.
- Specializing in worker safety monitoring technology, Blackline designs and manufactures wearable devices that detect environmental hazards and alert live monitoring teams when incidents occur.
- Excluding the contingent payment, the offer represents a 26.5% premium to Blackline's closing price of $7.11 per share on April 7, according to Reuters calculations.
- Shareholders will receive $9 per share in cash upon closing expected in the second quarter of this year, pending necessary shareholder approval.
- The contingent value right could provide investors up to 50 cents per share if Blackline meets specific annualized recurring revenue targets by October 2027.
13 Articles
13 Articles
U.S. tech investment firm to buy Calgary-based worker safety company in deal worth up to $850M
Blackline Safety Corp., which specializes in workplace safety monitoring technology, has signed an agreement to be bought by technology investment firm Francisco Partners Management LP.
The Toronto Star
Francisco Partners to buy Blackline Safety in deal worth up to $850 million
CALGARY - Blackline Safety Corp. has signed an agreement to be bought by technology investment firm Francisco Partners Management LP in a deal worth up to $850 million.
Blackline Safety Enters into Definitive Agreement to be Acquired by Francisco Partners for up to $850 Million (2026-04-08)
Blackline Safety Corp. a global leader in connected safety technology, announced today that it has entered into a definitive arrangement agreement with an affiliate of Francisco Partners Management, L.P., pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company for up to $9.50 per Share, comprised of $9.00...
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