M&A and Capital Markets select closed deals
Cheers to another successful year.
Our M&A and Capital Markets team is thrilled to have closed 31 deals in 2024. With a solid footprint across Canada, we’ve worked with businesses and their shareholders in industries like manufacturing and distribution, retail and consumer, technology and healthcare, and real estate and construction, and many others. We're also proud to have supported several cross-border transactions, helping clients navigate opportunities beyond Canada.
Here are more details on the deals we’ve closed this year.
Our M&A and Capital Markets team supports clients with sell-side, buy-side, and capital-raising solutions at each phase of the deal lifecycle—from acquisition strategy development to due diligence and exit strategy. With our team's depth of experience and resources, we can bring tangible value to your transaction.
Select 2024 - 2025 closed deals
An Ontario-based automotive retail group has been acquired by an automotive retail group in Quebec expanding its brand offerings.
Automotive Retail
BDO provided Capital Advisory services to a family-owned and -operated funeral home and crematorium based in Ontario.
Consumer Business
BDO provided Capital Advisory services to one of the largest power generation, testing, and research lab companies in North America.
Other
A leading manufacturer and supplier of metal conveyor belting was acquired by a US-based strategic buyer.
Manufacturing
BDO Canada LLP divested 21 regional offices across B.C., Alberta, Ontario, and P.E.I. to MNP LLP.
Professional Services
BDO Canada divested its accidental benefits practice to KPMG Canada.
Professional Services
A premier manufacturer of transit shelters based in Ontario was acquired.
Manufacturing
An Alberta-based medical and pharmaceutical supply company has been acquired by a leading Canadian provider of healthcare products and services.
Healthcare
Real Estate & Construction
Consumer Business
A premier automotive dealership in Ontario was acquired by CanadaOne Auto Group, a leading Canadian dealership network with a national presence.
Consumer Business
A custom refractory solutions provider in Ontario was acquired by a global leader in refractory technology.
Manufacturing
A premier office and commercial space design and furnishing company in Ontario was acquired by North America’s go-to company for designing and furnishing office spaces.
Professional Services
Southeastern Ontario providers of construction equipment and tool rentals were acquired by an Ontario-based equipment rental company.
Real Estate & Construction
A Quebec-based designer and manufacturer of industrial ventilation systems has been acquired by a family of industrial companies.
Manufacturing
A premier distributor of laminate sheets and surfacing products in Ontario was acquired by a world-leading engineered surfaces company based in Temple, TX.
Transportation, Warehouse & Distribution
Technology, Media & Telecommunications
A leading Ontario tunneling company was acquired by a vertically integrated infrastructure construction company.
Real Estate & Construction
A Canadian-based franchisor and retailer of premium pet products was acquired by a private investment company.
Consumer Business
A long-standing distributor of portable toilet rentals has been acquired by a vertically integrated provider of waste management solutions.
Business Services
A Canadian multidisciplinary environmental engineering firm was acquired by a French-based engineering and consulting company.
Professional Services
A Montreal-based designer and manufacturer of industrial parts cleaning systems was acquired by a private investment company.
Manufacturing
A Canadian remote tank monitoring and stolen vehicle tracking provider was recapitalized by a Dallas private equity firm.
Technology, Media & Telecommunications
Enhance your deal value by contacting our M&A and Capital Markets team
Select 2023 closed deals
A Vancouver-based manufacturer of door and window products was acquired by a door products manufacturer in the U.S.
Manufacturing
A Canadian thermoplastics supplier was acquired by an international plastics manufacturer.
Manufacturing
A Montreal-based property management software provider merged with a marketing and rental marketplace platform provider.
Technology, Media & Telecommunications
A surveillance technology company was acquired by a leading U.S. provider of surveillance solutions.
Technology, Media & Telecommunications
A Canadian ministry-focused design studio was acquired by a U.S. ministry software solution provider.
Technology, Media & Telecommunications
An Ontario-based manufacturer of truck parts and accessories was acquired by a holding company with investments across the commercial vehicle industry.
Manufacturing
An Ontario-based manufacturer of innovative flooring-related display solutions was acquired by a Canadian financial group focused on acquiring and operating mid-sized companies.
Manufacturing
An organic vegetable producer in Ontario was acquired by a larger strategic acquirer.
Real Estate & Construction
A Mississauga-based metal heat-treating processor was acquired by a Canadian heat-treating processor with clients across North America.
Business Services
A manufacturer of animal welfare products was acquired by an industrial investment company.
Manufacturing
A Canadian contract manufacturer specializing in cosmetics received an investment from a Canadian investor.
Manufacturing
An Albertan fluid hauling company was acquired by a diversified oil and gas service company.
Business Services
A Canadian manufacturer of rotating mechanical equipment was acquired by a leading international manufacturer.
Manufacturing
A Canadian residential home construction company with extensive operations in the Niagara region was acquired by an investor group.
Real Estate & Construction
A timber frame manufacturer was acquired by an Ontario-based producer of log homes.
Manufacturing
A leading Canadian chain of pain management clinics acquired a Florida-based chain of spine surgery centers.
Healthcare
A demolition contractor raised capital from a Canadian Schedule 1 bank.
Real Estate & Construction
A Toronto-based advertising agency received an investment from a design and advertising agency located in Montreal.
Business Services
A Canadian insurance brokerage was acquired by a leading Canadian property and casualty insurance broker.
Financial Services
An Ontario-based engineering automation firm was acquired by a multi-trade contractor.
Business Services
A Canadian diversified telecom and utility contractor was acquired by a leading general contractor.
Real Estate & Construction
A Vancouver-based logistics and refrigerated transportation company was acquired by a large American transport company.
Business Services
A Toronto-based insurance brokerage was acquired by a leading Canadian property and casualty insurance broker.
Financial Services
A Canadian trucking company with operations across the U.S. was acquired by a leading North American transportation company.
Manufacturing
A national Canadian lawn care service business was acquired by a US lawn care services via its financial sponsor Huron Capital.
Real Estate & Construction
A landscaping and excavation company within the construction industry raised capital from a Canadian Schedule 1 bank.
Real Estate & Construction
A leading Ontario legal services provider received a strategic investment from a Canadian investor group.
Business Services
A Canadian manufacturer of rigid and flexible urethane foam products was acquired by an undisclosed buyer.
Manufacturing
A Canadian leader in the pet industry invested in a pet supplies retailer.
Consumer Business
Select 2022 closed deals
An elder long-term care home raised capital from a government-backed fund.
Healthcare
A restaurant equipment finance provider was acquired by a Canadian provider of flexible equipment finance.
Financial Services
A manufacturer of dump, municipal, and specialty truck bodies raised financing to support business growth.
Manufacturing
A specialty fine paper distributor was acquired by Spicers, a leading industry consolidator.
Manufacturing
A Canadian provider of aerial construction equipment rentals was acquired by a large public industry consolidator.
Consumer Business
A Winnipeg based provider of equipment & building solutions for livestock producers was acquired by a family office.
Manufacturing
A Calgary-based manufacturer of livestock and agricultural products was purchased by a fabricator of products for the oilfield and forestry sectors.
Manufacturing
An Oakville-based companion animal veterinary hospital was acquired by a veterinary consolidator.
Healthcare
A manufacturer of specialty respiratory products was acquired by CHS Specialities, a leading Canadian manufacturer and distributor of healthcare products.
Manufacturing
A Red Deer, AB based SAAS company was acquired by an investment group led by the founder and former president of Gas Buddy.
Technology, Media & Telecommunications
A Canadian boat dealership group received a significant investment from a Canadian based investor group.
Consumer Business
A Ford dealership was acquired by a large automotive dealer group based in Canada.
Consumer Business
An Ontario-based staffing and human resources service provider was acquired by a Toronto-based private equity fund.
Business Services
A benefits insurance broker that was acquired by a larger strategic player.
Financial Services
A regional commercial electrical contractor was acquired by a private investment group.
Consumer Business
A distributor of speciality metal products was acquired by Mr. Metal Limited.
Manufacturing
A Canadian distributor of professional products used by salons and barbershops across Ontario, was acquired by a Canadian beauty supplier.
Manufacturing
A SAAS provider of analytics tools was acquired by a strategic acquirer in the US.
Technology, Media & Telecommunications
A private radiology clinic based in Montreal was recapitalized by a multi-service provider of health and clinical services.
Healthcare
A geomatics and surveying service provider was acquired by an environmental and geospatial consulting firm.
Business Services
A provider of billing and vendor services for optometrists was acquired by a cooperative of independent optometrists.
Healthcare
An independent retailer of high-end furnishings and appliances was acquired by a private investment group.
Consumer Business
A manufacturer of modular buildings was acquired by a public Canadian modular building manufacturer and operator.
Manufacturing
An IT recruitment firm located in Toronto was acquired by a diversified staffing firm providing services across Canada.
Business Services
A provider of a loss & safety software platform was acquired by a consolidator and operator of software companies.
Technology, Media & Telecommunications
An Ontario-based insurance broker focused on employee benefits was acquired by a human resources solutions provider.
Financial Services
A steel service center and distributor was acquired by a manufacturer of air distribution and building products.
Manufacturing
Select 2021 closed deals
A Canadian based industrial remote monitoring and asset tracking was acquired by a Dallas based private equity firm.
Technology, Media & Telecommunications
An omni-channel virtual care, patient engagement, & practice management platform was acquired by Canada’s largest owner & operator of outpatient health clinics.
Healthcare
A Canadian consumer retailer was acquired by an undisclosed buyer.
Consumer Business
A Canadian clinical stage medical device start-up was acquired by the leading supplier of preservation solutions globally worldwide.
Technology, Media & Telecommunications
A Canadian provider of tech solutions for municipal administrators was acquired by an application software company.
Technology, Media & Telecommunications
A Canadian based renewable natural gas production company was acquired by an application software consolidator.
Energy & Natural Resources
A Canadian manufacturer of coil coatings was acquired by a manufacturer of premium residential and industrial paint.
Manufacturing
An Eastern Canadian engineering consulting firm was acquired by an engineering/project management consulting service company.
Financial Services
A leading Canadian telecommunications company was acquired by a private equity firms based in Toronto, Paris, and Calgary.
Technology, Media & Telecommunications
A provider of public-sector support programs, vocational assessment and rehabilitation services was acquired by a leading provider of community-based health services.
Healthcare
A pet supply retailer based in Guelph was acquired by a Quebecois business that owns pet supply stores.
Consumer Business
A brokerage firm that provides group programs for personal & commercial insurance services was acquired an independent Canadian-owned brokerage.
Financial Services
An independent wholesaler of luxury brand plumbing products was acquired by a private family-owned distributor of heating, plumbing and electrical products/services.
Manufacturing
An Alberta based flooring supply and installation contractor was acquired by a private investment group.
Manufacturing
A Canadian-based ecotoxicity testing laboratory was acquired by a multi-national testing and consulting service company.
Healthcare
A comprehensive dental care practice received financing of debt for facilities from a commercial bank.
Healthcare
A company specializing in the design, manufacturing, and servicing of custom-engineered, mission critical centrifugal pumps was acquired by Swedish global industrial group.
Manufacturing
The Western Canadian processing facilities of Globeways Canada was acquired by Purely Canada and ETG.
Consumer Business
A leading residential HVAC and home services company received strategic growth financing from a leading middle-market private investment firm.
Business Services
A manufacturer of reliable advanced controls for petrochemical refineries & compressors was acquired by an undisclosed buyer.
Manufacturing
A leading supplier of Asian food products to mainstream and ethnic grocery stores across Canada was acquired by an Ontario-based investment firm.
Consumer Business
The assets of a Western Canadian processing and storage facility solutions company were sold to three different strategic purchasers.
Manufacturing
A South Carolina company specializing in the sale, rental and service of construction and forestry equipment was acquired by NED.
Manufacturing
A leading Western Canadian auto retail group was acquired by the largest automotive dealer network in Western Canada.
Automotive Retail
A leading manufacturer of industrial grade, high-pressure washers and industrial washing systems was acquired by a north American made pressure washers company.
Manufacturing
A designer and manufacturer of innovative fishing baits and tackle was acquired by a leading global hook manufacturer.
Manufacturing
An innovative manufacturer of quality silicone and acrylic sealants received an investment by a U.S based private equity fund.
Manufacturing
An established thermoplastic and engineered resins manufacturer was acquired by a Canadian based strategic buyer.
Manufacturing
A leading supplier of construction and industrial products was acquired by select employees through a management buy-out.
Real Estate & Construction
A Portage la Prairie, MB based fabrication company was acquired by a search fund.
Manufacturing
A manufacturer of electronic circuits was acquired by a publicly-traded company.
Manufacturing
A software company for the oil and gas industry received an investment from a Canadian private equity fund.
Energy & Natural Resources
Select 2020 closed deals
A leading provider of hospitality technology was acquired by a digital payment processing service company.
Technology, Media & Telecommunications
A French private equity fund has made a minority equity investment in a leading Canadian trucking and logistics company.
Manufacturing
A Canadian based specialty food products supplier was acquired by a private investment company.
Tourism, Hospitality & Leisure
A designer and builder of large-scale commercial greenhouses throughout North America was acquired by a building materials manufacturer.
Business Services
An auto dealership and body shop located in British Columbia was acquired by a leading regional auto dealer group.
Automotive Retail
A Canadian leader in telehealth services with a technology suite was acquired by a digital health tech company.
Healthcare
A Canadian based specialty food products supplier was acquired by a private investment company.
Consumer Business
A Canadian-based biological testing, research, & consulting company was acquired by an international research and consulting firm.
Technology, Media & Telecommunications
A Canadian Cannabis retailer was acquired by a premium CBD oil and CBD capsules manufacturer.
Cannabis
A Harbour Resort consists of two premier marinas located on the Southwestern point of Lake Simcoe Ontario was acquired by an owner-operator of Marinas across Ontario.
Automotive Retail
A regional provider of heavy construction equipment and services company in British Columbia was acquired by a family office.
Real Estate & Construction
An Ontario-based envelope manufacturing and printing company was acquired by a Quebecois competitor.
Manufacturing
An FCA dealership, selling new/used cars, trucks and performing maintenance & repairs was acquired by a major car and auto parts manufacturer.
Automotive Retail
An IT consulting company was acquired by a Canadian leader in digital strategy and technologies.
Technology, Media & Telecommunications
A Canadian specialty industrial tire supplier and servicing business was acquired by a private individual.
Consumer Business
A Quebec-based trucking business acquired a competitor, including its strategic real estate property.
Technology, Media & Telecommunications
Canada's leading provider in boat dealers and marinas services was acquired by an owner-operator of marinas across Ontario.
Automotive Retail
A leading distributor of water treatment equipment & consumable supplies in North America was acquired by a global water and pump manufacturer.
Manufacturing
An engagement commerce platform creating positive distribution in the rewards space was acquired by an owner-operated software company.
Technology, Media & Telecommunications
An engagement commerce platform creating positive distribution in the rewards space was acquired by an owner-operated software company.
Manufacturing