Calgary-based Blackline Safety will go private in a deal valued at up to $850 million, following an agreement with an affiliate of Francisco Partners. Shareholders will receive $9.00 per share in cash plus a contingent value right tied to future performance. The transaction represents a premium of up to 34 percent.
Blackline provides connected safety solutions combining hardware, software, and data for industrial environments. The company reported annual recurring revenue of $90.5 million. The deal is expected to close in 2026, pending approvals, after which Blackline will be delisted from the Toronto Stock Exchange.
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