Blog

Canadian M&A Market Recap: Week Ended January 18th

  • Posted By: Louis Goldberg and Michael Mazza

  • |
  • Comments: 0

Market Update

Forty-one Canadian M&A transactions closed this past week. Year to date, M&A closed deal count is 34.6% lower than the comparable period in 2018. The Canadian dollar appreciated by 0.03 cents, ending the week at 75 cents. The TSX underperformed the S&P 500 by 0.4% in U.S. dollar terms. WTI Crude oil rose by 4.1%, ending the week at $54.04 per barrel.

According to the Lead Left, Lead Left, private debt fundraising remained strong in 2018, making it the fourth consecutive year in which funds raised over $100bn. In 2018, 162 funds were able to secure an aggregate $110bn in capital. While this was slightly lower than the $129bn in capital raised in 2017, 2018 nonetheless represented a strong fundraising year.

Canadian M&A Transactions[i]

Energy (Announced)

SemCAMS Midstream to Acquire Meritage Midstream

SemCAMS Midstream ULC, a JV formed by KKR & Co. Inc. and SemGroup Corporation (NYSE:SEMG), an American company that transports oil, natural gas and other products across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals has agreed to acquire Meritage Midstream ULC, a Canadian company that operates natural gas processing facilities and gas gathering pipelines. Total transaction value is estimated to be $600 million.

Energy (Closed)

Pulse Seismic has Acquired Seitel Canada

Pulse Seismic Inc. (TSX:PSD), a Canadian company that acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Western Canada, has acquired Seitel Canada Ltd., an onshore seismic data company that provides seismic data to the oil and gas industry in Canada. Total transaction value is estimated to be $58.6 million.

Materials (Closed)

Kissner Group Holdings has Acquired NSC Minerals

Kissner Group Holdings LP, the parent company of a Canadian bulk salt, specialty packaged salt and evaporated salt producer has acquired NSC Minerals, Ltd., a Canadian company that produces and supplies bulk salts and packaged ice melters for business, municipal, and retail use in North America. No transaction terms were released.

Industrials (Closed)

RWS Holdings has Acquired Alpha Translations Canada

RWS Holdings plc (AIM:RWS), a U.K. company that engages in language support services, specializing in intellectual property (IP) translation, filing and search services, and technical and commercial translation has acquired Alpha Translations Canada Inc., a Canadian company that provides translations services. Total transaction value is estimated to be $7.9 million, implying a 6.7x EBITDA multiple and a 1.36x revenue multiple.

PSP Investments has Acquired B.F.B.

Public Sector Pension Investment Board (PSP Investments), a Canadian government-owned pension fund management firm, has acquired B.F.B. Pty. Limited from Proterra Investment Partners, an American private equity firm. B.F.B. is an Australian company that offers grain storage, fertilizer, farming, agronomy, and logistics services in Australia. No transaction terms were released.

Nice has Acquired Micanan Systems

Nice S.p.A. (BIT:NICE), an Italian company that designs, produces, and markets home and building automation systems internationally, has acquired Micanan Systems Inc., a Canadian company that manufactures electrical garage door automation systems for commercial and industrial applications. Total transaction value is estimated to be $8.0 million.

Westfall Technik has Acquired Mold Hotrunner Solutions

Westfall Technik, Inc., a Lee Equity Partners, LLC and Blackbern Partners LLC backed American company that offers manufacturing solutions for the production of plastic parts in the medical, packaging, and consumer goods segments, has acquired Mold Hotrunner Solutions Inc., a Canadian company that manufactures and markets hot runners and injection presses for micromolding. No transaction terms were released.

Consumer Discretionary (Closed)

Foodtastic has Acquired Les Rôtisseries Au Coq Ltée

Foodtastic Inc., a Canadian franchise holding company that operates restaurants in Quebec, has acquired Les Rôtisseries Au Coq Ltée, a Quebec chain of rotisserie chicken restaurants. No transaction terms were released.

Gateway Casinos & Entertainment has Acquired Chances Casino Kamloops

Gateway Casinos & Entertainment Limited, a Tennenbaum Capital Partners, LLC, BlackRock, Inc. and The Catalyst Capital Group Inc. backed Canadian company that casinos and gaming facilities in Canada, has acquired Chances Casino Kamloops, a Canadian company that owns and operates casinos and gaming facilities. No transaction terms were released.

Consumer Staples (Announced)

NAC Prairies to Acquire New Leaf Emporium

NAC Prairies Ltd., a Canadian company delivers secure, safe, and responsible access to legal cannabis in Canada, has agreed to acquire New Leaf Emporium Inc., a Canadian company that owns and operates retails cannabis stores. Total transaction value is estimated to be $1.6 million.

Information Technology (Announced)

Star Navigation Systems Group to Acquire Solutions Isoneo

Star Navigation Systems Group Ltd. (CNSX:SNA), a Canadian company that develops, markets, and promotes in-flight safety monitoring systems (ISMS) worldwide, has agreed to acquire Solutions Isoneo Inc., a Canadian software that develops solutions in engineering, simulation, and development for Canadian customers. No transaction terms were released.

Valuize Consulting to Acquire SandPoint Consulting

Valuize Consulting, a Canadian company that offers strategic and technical consulting to B2B SaaS clients, has agreed to acquire SandPoint Consulting, Inc., an American company that provides business performance management consulting services. No transaction terms were released.

CDW Canada to Acquire Scalar Decisions

CDW Canada Inc., a Canadian company that provides IT products and services for businesses and the public sector in Canada, has agreed to acquire Scalar Decisions Inc., a Canadian IT solutions integrator that focuses on security, infrastructure, and cloud. No transaction terms were released.

Information Technology (Closed)

Nucleus Networks has Acquired The Tech Valet

Nucleus Networks Inc., a Canadian company that provides IT infrastructure support and consulting services, has acquired The Tech Valet, a Canadian company that provides cybersecurity, cloud transformation, and IT support services. No transaction terms were released.

Allied Dispatch Solutions has Acquired Rapitow

Allied Dispatch Solutions, LLC, an American company that provides dispatch services, has acquired Rapitow Corp., a Canadian company that offers an application for iPhone or Android devices that sends client’s call information to the closest roadside assistance provider. No transaction terms were released.

Where I Park has Acquired GarageHop

Where I Park Inc., a Canadian company that develops a digital marketplace for monthly parking across North America, has acquired GarageHop Inc., an American company that provides online application software for parking space. No transaction terms were released.

Amazon Web Services has Acquired TSO Logic

Amazon Web Services, Inc., an American company that provides cloud computing services to organizations internationally, has acquired TSO Logic, Inc., a Canadian company that develops an analytics platform for discovery and cloud planning of datacenters. No transaction terms were released.

DesTech Consulting Services has Acquired BPM Technology

DesTech Consulting Services Inc., a Canadian company that provides professional services, consulting, managed services, software license, hardware sales, and technical education services, has acquired BPM Technology, Inc., an American company that designs ballistic particle manufacturing (BPM) prototyping systems. No transaction terms were released.

WorkJam has Acquired Technologies Peerio

WorkJam, Inc., a Blumberg Capital, Novel TMT Investments Ltd., Founder Collective and Lerer Hippeau Ventures backed Canadian company that develops a web and mobile app that runs stand-alone or integrations with existing workforce management system, has acquired Technologies Peerio Inc., a Canadian company that develops an employee communication software which provides messaging and file sharing services. No transaction terms were released.

360insights.com has Acquired Marketing Technology Concepts Constituent

360insights.com, a  Sageview Capital LP, Klass Capital, OMERS Ventures, Round 13 Capital Inc., Leaders Fund Inc. and Intercap Inc. backed Canadian company that provides a platform that empowers brands to create, measure, and manage their incentives programs, such as sales incentives, rebates and co-op/MDF in real time, has acquired Marketing Technology Concepts Constituent, LLC, an American company that provides sales incentive management software solutions for manufacturers, distributors, and large resellers. No transaction terms were released.

Aclate has Acquired North Plains Systems

Aclate, Inc., an American company that provides cloud-based software for supply chain management solutions, data management platforms, digital engagement and automated marketing tools, and content lifecycle management technology, has acquired North Plains Systems Corp., a Canadian company that develops digital asset management (DAM) solutions for the production, management, distribution, and archiving of rich media content for marketers, brand managers, content creators, and producers. No transaction terms were released.

Real Estate (Closed)

Peerage Realty Partners has Acquired Madison & Company Properties

Peerage Realty Partners, Inc., a Canadian real estate brokerage network that provides residential real estate brokerage services, has acquired Madison & Company Properties Ltd., an American company that provides real estate agency services in Colorado. No transaction terms were released.

Other (Closed)

E. S. Kluft & Company has Acquired Marshall Mattress Company

E. S. Kluft & Company, LLC, an American company that designs and manufactures personal luxury mattresses, has acquired Marshall Mattress Company Limited, a Canadian manufacturer of mattresses. No transaction terms were released.

PerfectServe has Acquired Telmediq

PerfectServe, Inc., a Village Ventures, Spring Mill Venture Partners and Hercules Capital, Inc. backed American company that develops secure communications and collaboration platform for the healthcare industry in the United States, has acquired Telmediq, a Canadian company that offers clinical communication and collaboration platform for hospitals & healthcare systems. No transaction terms were released.

Grant Thornton has Acquired Grayling Business Consulting

Grant Thornton LLP, a Canadian company that offers accounting and auditing services, has acquired Grayling Business Consulting, a Canadian company that offers business consulting services. No transaction terms were released.


[i] Includes all M&A transactions in which either the target or buyer is a Canadian private company.

Add A Comment

Confidentiality and Communications Protocols

Continue Reading

Sign Up to Receive Valitas Publications

Subscribe