SPS Commerce acquires ToolBox Solutions

On January 5, 2016, SPS Commerce Canada, Ltd. (SPS Canada), an indirect wholly-owned subsidiary of SPS Commerce, Inc. (SPS), acquired all of the shares of ToolBox Solutions Inc. (ToolBox) for aggregate consideration of approximately Cdn$30 million (approximately Cdn$25.6 in cash and Cdn$4.4 in shares of SPS). SPS is a Delaware corporation in the supply chain management industry and is listed on NASDAQ. After completion of the acquisition, on January 5, 2016 SPS Canada and ToolBox amalgamated under the Business Corporations Act (Ontario) with the amalgamated entity having the name SPS Commerce Canada, Ltd. Fasken Martineau advised SPS with a team that included Aaron Atkinson and David Steinhauer (Corporate/M&A), Mitchell Thaw, Paul Casuccio and Thomas Brook (Tax) and Alix Herber (Employment).