difuze acquires WANTED! and expands in Toronto
Montréal, October 12, 2023 – difuze, Canada’s largest provider of finishing, localization, accessibility, and media services to the Canadian and international industry, is proud to announce the acquisition of Toronto-based WANTED!, a sound post-production studio which offers recording, editing, mixing and localization services to the Toronto production market.
The Fonds de solidarité FTQ supported the transaction by investing in difuze. With more than 3,700 portfolio companies, the Fonds is one of the most important institutional investors in Québec-based small and medium enterprises. The institution will support difuze’s growth as a solid financial partner committed to the long-term viability of the company.
Launched in 2001, WANTED! benefits from a strong reputation for its talented staff, high-end studios, and outstanding customer service. By combining WANTED!’s local presence and expertise with difuze’s broad array of content services, both companies will expand capabilities for clients.
“With this new partnership, difuze will leverage WANTED!’s strong presence in Toronto to solidify the connection with our Ontario-based clients. Ultimately, this acquisition reinforces our leadership position in the Canadian audiovisual industry”, adds François Deschamps, President of difuze. “We are happy to count on the Fonds de solidarité FTQ’s support, an investor with a long-term vision for our company. Its financial support allows difuze to continue serving both Canadian and international content producers and distributors.”
“By combining our strengths with difuze’s, WANTED! will be in a position to offer clients more resources to support their growth,” indicated WANTED!’s President, John deNottbeck.
“The growth of Québec-based companies in the cultural sector includes making strategic acquisitions to reinforce their market position. The Fonds de solidarité FTQ’s investment in difuze is also an investment in the growth of a company that stands out from the competition thanks to unique talent, cutting-edge proprietary technology, and deep knowledge of the industry”, added Daniel Hinse, Vice-President for Private Equity and Impact Investing – Entertainment and Consumer Goods, at the Fonds de solidarité FTQ.