Restore public folder archive to new server

Hi all

We are mnigrating to Office 365.  We need to restore all public folder data so that it can be imported into shared mailboxes in the cloud.  I know you can't export from public folder archives, without hacking the sql database to change the archive type to mailbox, which is fine.  We have a few hundred GB to restore but do not have the capacity or performance on the current Exchange public folder database server.  I would like to build a new server, transfer the public folder database to it, and then restore all EV data to the new location. 

Is that possible?