Francisco Partners Acquires Blackline Safety

Blackline Safety, a leader in connected safety technology, announced that its shareholders approved a plan of arrangement with an affiliate of Francisco Partners Management, L.P. The Purchaser, Apollo Purchaser, Inc., will acquire all issued and outstanding shares of Blackline Safety for up to $9.50 per share, comprising $9.00 in cash and a contingent value right of up to $0.50 per share. The arrangement also includes the rollover of certain shares for equity in the Purchaser. Following shareholder approval and a final order from the Court of King's Bench of Alberta, as well as regulatory approval in France, the acquisition has been completed. As a result, Blackline Safety shares will be delisted from the Toronto Stock Exchange, and the company will cease to be a reporting issuer under Canadian securities laws. Death of Jay Slater, CEO and Chair of Blackline Safety, expressed gratitude to shareholders and emphasized the company's continued focus on its mission under new ownership.