Turnium Technology Group to buy Sydney-based Insentra

Turnium Technology Group, a Canadian company specialising in technology-as-a-service and partner enablement, has entered into a non-binding Letter of Intent to acquire all the assets of Insentra Holdings and certain affiliated entities in the USA and UK.

The proposed deal could total up to CAD$14,978,344 (AU$16.4 million). This includes CAD$5.7 million in shares and cash, potential earn-out payments of up to CAD$7.25 million, and a potential bonus of up to CAD$2 million if EBITDA targets are exceeded. In addition, Turnium would issue 1.188 million common share purchase warrants. 

Headquartered in Sydney, Insentra is a channel-only business providing advisory, professional, AI and managed IT services and solutions to businesses by partnering with IT providers.

“The Insentra acquisition is complementary to our growth strategy and our Technology as a Service offering, which management expects could potentially triple the size of our business assuming market conditions remain favourable and all milestones and performance targets are achieved," said Turnium global CEO Doug Childress.

"Both Turnium and Insentra sell to end customers through a channel-led business model, which, combined, will deliver over 280 worldwide partners.

"With the closing of the Transaction, Insentra is expected to provide increased revenues, increased technical and operational resources and a strong leadership team to help facilitate Turnium achieving its long-term revenue objectives.”

Ronnie Altit, one of Insentra's founders and its CEO, said the transaction enhanced the opportunities available to the company's partners and their clients by providing access to a broader suite of services.

"Turnium’s channel approach, combined with its Technology as a Service offering and our channel-only DNA, creates a powerful platform that will unlock meaningful opportunities across our global ecosystem," he said.

Insentra's unaudited revenue in FY24 was CAD$28.4 million, while its gross margin was CAD$8.9 million.

Based on Insentra’s financial statements for the fiscal year ended June 30, 2025, and Quality of Earnings analysis of Insentra to June 30, 2025, its trailing twelve months revenue, would be CAD$24.5 million and its gross margin would be CAD$7.7 million.

Turnium projects CAD$24 million to CAD$26 million in revenue in the fiscal year ending on September 30, 2026, provided the Insentra deal closes before December 31, 2025.

If the deal closes by then, Turnium expects gross margin in FY26 to be between 38 percent to 41 percent, and an adjusted EBITDA in the range of CAD$2.4 million to CAD$3 million.