Dr. Phone Fix buys New Brunswick repair shop for $144K, hits 45 locations
What's the deal? Dr. Phone FixDealroom has a profile for this one. Try Dealroom → Canada Corporation (TSXV: DPF) has completed its acquisition of the assets of Martin Cell Phone Solutions Ltd.Dealroom has a profile for this one. Try Dealroom →, a device repair business in Saint John, New Brunswick, for total consideration of $144,440.48. The deal gives the Edmonton-based company its first location in the province.
The terms: The consideration includes $50,000 in cash at closing, $50,000 in deferred and performance-based payments tied to revenue thresholds, and 352,849 common shares valued at $44,440.48. Inventory accounts for $9,440.48 of the total. The shares carry a four-month-and-one-day hold period, and the TSX Venture Exchange has approved the transaction.
What's the endgame? Dr. Phone Fix is building what it calls a scalable national integrated device care platform through acquisitions, greenfield expansion, and partnerships. It plans to fold Martin into its centralized model — procurement, pricing, marketing, and standardized store operations — to lift performance. Martin generated roughly $350,000 in annual revenue before closing.
The expansion: The deal establishes the company's presence in New Brunswick and brings its corporately owned network to 45 locations across six provinces, following its move into Nova Scotia earlier in 2026 that strengthened Dr. Phone Fix's footprint in Atlantic Canada.
Why now? Management sees the Canadian device repair and pre-owned device market as highly fragmented, creating room for consolidation by well-capitalised operators. "We continue to see attractive acquisition opportunities across Canada within a fragmented industry," said founder and chief executive officer Piyush SawhneyDealroom has a profile for this one. Try Dealroom →.
The signal: The modest price tag and cash-light structure point to a repeatable playbook rather than a landmark deal. As Sawhney put it, the goal "is not simply to increase store count, but to build a stronger national platform with increasing operating scale, greater purchasing leverage and enhanced capabilities" — a template Dr. Phone Fix intends to replicate across a splintered market.
Read more: Newswire.ca
Image credit: martin
