Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for June 2011

Another IT merger

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http://www.internetworking-atlantic.com/documents/news/IAI%20Acquires%20Competitor.pdf

Halifax, NS-based Internetworking Atlantic today announced that it has acquired Halifax’s Airfire Telephone and Data.

Sounds like another very complementary acquisition.

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Written by Dan Jennings

June 17, 2011 at 2:22 pm

Architects sell out

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http://www.newswire.ca/en/releases/archive/June2011/15/c5536.html

Montreal-based Genivar (TSX:  GNV) has acquired WHW Architects of Halifax.

This is the second Atlantic transaction for Genivar after the Terrain Group deal last year.  Genivar has been consolidating a series of engineering, surveying and architecture related companies across the country.

Written by Dan Jennings

June 16, 2011 at 8:38 am

Xplornet acquisition

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http://www.nb.dailybusinessbuzz.ca/Provincial-News/2011-06-10/article-2574953/NB%3A-Xplornet-acquires-more-than-1%2C300-broadband-subscribers-from-NetKaster/1

Woodstock, NB-based Xplornet Communications announced the acquisition of 1,300 broadband subscribers in Alberta and BC from NetKaster.

Xplornet Communications specializes in rural broadband services across Canada and is part of Barrett Corporation headquartered in Woodstock, NB.

Written by Dan Jennings

June 12, 2011 at 11:46 am

Xplornet closes $230 mil financing

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http://www.xplornet.com/news/in-the-news/$230-million-financing-completed-for-xplornet.aspx

Congratulations to Xplornet Communications on closing a $230 million private financing.  The funds are being used to support and expand Xplornet’s broadband network across Canada.  The Company has invested in a hybrid satellite and fixed wireless network designed to meet Canada’s geographic and topographic challenges.

Xplornet is part of Woodstock, NB-based Barrett Corporation.

Written by Dan Jennings

June 12, 2011 at 11:42 am

Moncton Angel Den

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http://propelict.com/news/angel-den-comes-moncton

http://www.monctonconnect.com/angelden

If you are seeking equity capital, you should check out this “friendlier” version of the Dragons Den … Angel Den in Moncton on Wed July 13.

Written by Dan Jennings

June 12, 2011 at 11:19 am

Posted in CF Musings

Eastern Sign-Print changes operators

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http://www.ns.dailybusinessbuzz.ca/Provincial-News/2011-06-07/article-2565558/NS%3A-Stellarton-printing-company-cutting-17-jobs%2C-joining-forces-with-Xerox/1

Sobeys-owned Eastern Sign-Print in Stellarton, NS has announced that its new day-to-day operator is Xerox Canada and it will focus on the signage and printing needs of the Sobeys group of companies.  Sobeys retains ownership and strategic oversight.

Written by Dan Jennings

June 7, 2011 at 8:27 pm

PEI litigation in the seafood industry

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http://www.pe.dailybusinessbuzz.ca/Provincial-News/2011-06-07/article-2564771/PE%3A-Province-files-suit-against-OCI/1

The dispute between the Province of PEI and NL-based Ocean Choice continued today with a $10 mil lawsuit filed by the province against the owner of the lobster plant in Souris.  The province claims the company has breached an operating agreement that was signed when Ocean Choice acquired the assets of the former Polar Seafoods.

Written by Dan Jennings

June 7, 2011 at 8:17 pm

Posted in CF Musings