KINGSTON, Jamaica — In a significant strategic expansion move, MFS Capital Partners Limited has entered into a memorandum of understanding to acquire full ownership of Century Business Machines Limited (CBM), a prominent Jamaican office solutions provider. The agreement, finalized on March 18, establishes the foundational framework for what company leadership describes as a transformative acquisition designed to enhance portfolio diversity and drive revenue growth.
CEO Dino Hinds announced the development during the company’s fourth annual general meeting, highlighting CBM’s robust market presence and well-established commercial clientele as key strategic assets. “This memorandum signing represents an exciting milestone in our growth trajectory,” Hinds stated, emphasizing the alignment with MFS Capital’s focused strategy of investing in profitable, scalable enterprises with strong market positioning.
Century Business Machines brings decades of experience as a comprehensive provider of office technology solutions, furniture, and supplies, serving Jamaica’s diverse business sector. The acquisition signals MFS Capital’s intentional diversification beyond its core financial services operations. As a private equity firm traded on the Jamaica Junior Stock Exchange, the company views this transaction as instrumental in fortifying its revenue foundations and expanding its market reach.
The proposed acquisition remains contingent upon satisfactory due diligence procedures, final negotiation and execution of definitive agreements, and obtaining necessary regulatory approvals. MFS Capital has committed to providing shareholders with regular updates in compliance with Jamaica Stock Exchange disclosure regulations as the transaction progresses.