Fort Technology Eyes 50.1% Logia USA Stake with $2M Credit for Data Center Fuel Maintenance
FRTT•Fort Technology signed a LOI to acquire 50.1% of Logia USA and extend up to $2M in credit to deploy automated fuel maintenance systems in the $300 billion data center sector. Equity terms let the Logia founder increase ownership to 85%, capping Fort’s stake at 15% after three years of milestones.
1. Strategic Partnership and LOI Details
Fort Technology signed a non-binding LOI to invest in and acquire a 50.1% stake in Logia USA, offering up to $2 million in credit and a potential additional $5 million discretionary line. The partnership aims to leverage Logia’s automated fuel maintenance and integrity systems for standby power generators.
2. Market Opportunity and Technology
Data centers represent an estimated $300 billion market in 2026, where fuel degradation and contamination cause 75% of standby generator failures. Logia’s systems provide continuous ASTM D975-compliant monitoring and filtration to preserve fuel quality, reduce maintenance costs, and ensure reliable backup power.
3. Equity Structure and Milestones
Under the LOI’s performance-based equity terms, the Logia USA founder can increase ownership to 85% upon meeting specified milestones within three years, with Fort retaining a 15% stake. The deal structure includes equity rebalancing mechanisms based on revenue, deployment or product development targets.
4. Transaction Conditions and Executive Appointment
The proposed transaction remains subject to definitive agreements, TSX Venture Exchange approval, final due diligence and customary closing conditions. In addition, Fort Technology appointed Avishay Rashuk as Chief Financial Officer effective June 8, 2026.
