Canadian company buys majority stake in Trilogy International

The Bellevue-based Trilogy counts wireless vet and new Seattle Mariners CEO John Stanton among its founders.

Matt Day

Trilogy International Partners, the Bellevue telecommunications holding company that counts new Seattle Mariners CEO John Stanton among its founders, has sold a majority stake to a publicly traded Canadian investment firm.

Alignvest Acquisition, a Canadian entity created last year to buy a company, acquired 50.1 percent of Trilogy’s equity value earlier this month. The deal, which also included all of voting shares in Triology, values the combined entities at $875 million.

Trilogy’s earnings before interest, taxes, depreciation and amortization, are expected to come in at $101 million, and $120 million next year, Alignvest said. The firm, listed on the Toronto Stock Exchange, said those figures were “adjusted,” but…

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