Dr. Phone Fix Canada Corporation has entered into a definitive agreement to acquire substantially all of the business assets of Geebo Device Repair Inc., a mobile-device repair chain operating in Nova Scotia.
The deal, valued at $1.35 million plus the value of saleable inventory at closing, marks Dr. Phone Fix’s strategic expansion into Atlantic Canada and supports its goal of national growth.
“This transaction marks Dr. Phone Fix’s strategic entry into Atlantic Canada, advancing our national expansion strategy and strengthening our position as a Canadian leader in consumer electronics device care and resale,” said Piyush Sawhney, founder and chief executive officer of Dr. Phone Fix.
The acquisition includes six operating Geebo stores, as well as retail leases with options for future expansion. The purchase price will be paid through a combination of $600,000 in cash, a $250,000 vendor take–back promissory note, and common shares of Dr. Phone Fix.
The company will issue $500,000 worth of shares to the seller, along with additional shares equal to the closing value of saleable inventory not covered by the cash portion. The number of shares to be issued will be determined based on the greater of the 21–day volume–weighted average trading price of Dr. Phone Fix shares on the TSX Venture Exchange, or the minimum price permitted under TSXV policies. All shares will be held in escrow and released under the terms of a standard escrow agreement.
“This acquisition marks a significant milestone in Dr. Phone Fix’s ongoing expansion and strengthens our position as a coast-to-coast service provider,” said Sawhney. “Establishing a strong East Coast platform immediately extends our geographic reach, creates operational synergies, and connects us with a loyal regional customer base. It also enhances our OEM-certified repair capabilities, deepens insurance-partner relationships, and reinforces our commitment to sustainable device-care practices.”
Sawhney said the company’s goal is to grow from about 35 corporate locations to more than 70 stores across Canada within the next 12 to 18 months.
Geebo’s management and team are expected to remain in place after the transaction closes to support operational continuity.
Dr. Phone Fix said it remains focused on expanding its network of corporate-owned stores while seeking new partnerships and acquisitions. The transaction is subject to customary closing conditions and approval from the TSX Venture Exchange.
The company said there is no assurance the transaction will be completed as proposed or at all.
Dr. Phone Fix was founded in 2019 and operates 35 corporate locations offering electronics repairs and certified pre-owned devices.
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