Stornoway Portfolio Management Inc., Klass Capital, Logan Peak Capital Inc. and Bridgecorp Canada Inc. signed definitive agreement to acquire Onboard business from GuestLogix Inc. (OTCPK:GUES.F) on June 30, 2016. Post acquisition, GuestLogix Inc. will continue to operate as GuestLogix Inc. and its head office will remain in Toronto, Ontario. Upon closing, GuestLogix will be well capitalized and well positioned to execute on its growth plan. The transaction is subject to approval of the Ontario Superior Court of Justice and will be implemented through the acquisition of the shares of GuestLogix in connection with a CCAA plan of compromise and arrangement in respect of GuestLogix Inc. GuestLogix Inc. intends to seek Court approval of the transaction on July 13, 2016, following which it will take the steps and actions necessary to implement the transaction. The transaction is expected to close on or before September 30, 2016. PricewaterhouseCoopers acted as court appointed monitor. Canaccord Genuity Inc. acted as financial advisor to GuestLogix. Stornoway Portfolio Management Inc., Klass Capital, Logan Peak Capital Inc. and Bridgecorp Canada Inc. completed the acquisition of Onboard business from GuestLogix Inc. (OTCPK:GUES.F) on September 26, 2016.