MFS Capital Partners Limited has completed its acquisition of Century Business Machines Limited, adding an office supplies, technology, and furniture provider to a group whose revenue is dominated by foreign-exchange trading.

The Junior Market-listed private equity company said it acquired 100 per cent of CBM’s issued shares, making the Jamaican business a wholly owned subsidiary.

MFS announced the completion on August 21, saying all conditions precedent to closing had been “satisfied and/or waived”. It did not disclose the purchase price, how the transaction was financed, the identities of the sellers or which conditions, if any, were waived.

The closing came approximately five months after MFS entered into a memorandum of understanding with CBM on March 18. That agreement established a period of exclusive negotiations and made the proposed acquisition subject to due diligence, definitive agreements, and any required regulatory approvals.

“This acquisition is in keeping with our outlined strategy to grow revenues and expand our portfolio with established, profitable businesses,” MFS Chief Executive Officer Dino Hinds said when the proposed transaction was announced in March.

MFS described CBM as an established Jamaican supplier of office stationery, technology products, and workplace furniture, with customers across several sectors. It has not disclosed CBM’s revenue, profit, assets, or liabilities.

CBM appears to become MFS’s second disclosed subsidiary. At June 30, before the acquisition was completed, MFS identified Monolith Financial Services Limited as its only subsidiary. Monolith provides cambio, remittance, and private-credit services.

MFS reported revenue of $147.14 million for the unaudited financial year ended June 30, 2026, up 2.3 per cent from $143.78 million a year earlier.

Net foreign-exchange gains contributed $125.95 million or approximately 86 per cent of revenue. Remittance fees added $7.10 million, while interest and fees from private credit contributed $14.09 million.

Profit after tax declined 15.7 per cent to $95.29 million, from $113.06 million in the previous financial year. The latest result included a $65-million gain from the revaluation of investment property.

MFS ended June with $923.36 million in total assets, $535.13 million in liabilities and $388.23 million in shareholders’ equity.

The company had previously told shareholders that it intended to acquire a business in another sector during the first quarter of its new financial year while seeking funding from existing and new financial partners.

The CBM acquisition was completed after the June 30 reporting date and is, therefore, not reflected in those financial results.

MFS’s audited accounts for the year ended June 2025 also show that CBM was a lender to the company before the acquisition was announced. The statements listed two unsecured loans from CBM totalling $30 million, both carrying interest at nine per cent.

MFS’s completion notice did not say whether those loans remained outstanding when the transaction closed or whether they were repaid, offset against the purchase price, or treated in some other way as part of the acquisition.

The June 2026 unaudited accounts showed $34.35 million in long-term debt at the company level but did not identify the lenders.

The acquisition comes as MFS expands its financial-services operation. Monolith opened a branch at 121 Windward Road in July to provide Western Union money-transfer services and received a Bank of Jamaica licence to operate cambio services at its Three Miles location on Spanish Town Road.

MFS said the CBM acquisition would broaden its product offerings, expand its operations, and support growth in its balance sheet. It said further information would be provided to the market in keeping with its continuing disclosure obligations.

MFS Capital Partners CEO Dino Hinds says the acquisition of Century Business Machines supports the company’s strategy to grow revenue and expand its portfolio with established businesses.