LEAF Mobile has acquired Vancouver’s Truly Social Games for $37 million.
Truly Social Games (TSG) was founded in 2015 by Cooper DuBois and Patrick Tougas. Among TSG’s portfolio of titles is Planet Gold Rush, Gold Mania, Invincible Hero, Idle Surfing, Bomb Brawl! and Draw A Stickman: AR .
TSG has also developed games on IdleKit, published by East Side Games, such as Archer: Danger Phone , and three more exciting unannounced products on the way.
The acquisition will be executed in up to 3 tranches over a 42 month period with TSG becoming a wholly-owned subsidiary of LEAF.
“LEAF believes that the proposed transaction with Truly Social Games further demonstrates execution of our aggressive M&A strategy. We believe that this transaction creates a strong precedent for other teams developing on our IdleKit technology game framework and showcases the pipeline of M&A opportunities it provides,” Commented Leaf Mobile CEO Darcy Taylor on the acquisition.
“We will also expand our footprint into new geographies and game genres to further strengthen LEAF’s portfolio. The team at Truly Social Games are a skilled studio with strong experience utilizing our IdleKit framework and we see strong growth potential with an exciting development pipeline in 2021.”
LEAF announced late last year that they were acquiring Vancouver’s East Side Games and doing a reverse takeover to become publicly-traded.