Corporate Finance in Atlantic Canada

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

Archive for the ‘Announced Transactions’ Category

Cabco Communications sold

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https://www.thechronicleherald.ca/business/cabco-communications-sold-to-local-investors-307611/

The Chronicle Herald is reporting that Dartmouth, NS-based Cabco Communications Group has been sold to a group of local investors, led by Jim Mills (CEO of Halifax-based Office Interiors).  Cabco is a cabling & technology equipment sales, installation and service provider.

This is another example of the type of financial buyer I have spoken/written about many times.  In many sectors, private equity (or informal private equity in the form of a group of investors, in this case) has become a strong & credible alternative to ‘traditional’ industry/strategic acquirers.

Congratulations to majority owner Craig Meredith on his succession and exit!

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Written by Dan Jennings

May 2, 2019 at 8:42 am

More insurance broker consolidation

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https://www.canadianunderwriter.ca/mergers-and-aqcuisitions/archway-insurance-moves-into-saint-john-with-acquisition-1004161431/

Various media have reported that Amherst, NS-based Archway Insurance has acquired Saint John, NB’s Hall & Fairweather Insurance.

This transaction forms part of the long list of consolidation in the P&C insurance broker sector, which has been written about here many times.

Written by Dan Jennings

April 28, 2019 at 2:54 pm

PEI’s CMP Acquired

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https://blog.cmpequipment.com/blog/fps-to-acquire-cmp

PEI’s Charlottetown Metal Products (CMP) is being acquired by BC-based Food Process Solutions (FPS).

FPS provides freezing and cooling equipment, while CMP is a designer/builder of custom food processing equipment.  According to the news release, FPS has big growth plans for CMP.

 

Written by Dan Jennings

February 12, 2019 at 8:57 am

Target Mazda acquired

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https://www.ngnews.ca/business/new-glasgow-mazda-dealership-asks-communitys-help-with-rename-255627/

The New Glasgow News is reporting that the NB-based Smith family has acquired New Glasgow, NS’s Target Mazda car dealership.

The Smith family also own Mazda dealerships in Dieppe, NB and Truro, NS, while Target Mazda claims to be the oldest Mazda dealership in Atlantic Canada.

This is another in a long series of transactions in the consolidating auto dealer industry, which has been commented on in this blog many times.

Written by Dan Jennings

December 7, 2018 at 1:20 pm

Conquest Engineering acquired

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https://www.thechronicleherald.ca/business/cbcl-acquires-conquest-engineering-265070/

The Chronicle Herald is reporting that Halifax-based CBCL Ltd has acquired Conquest Engineering Ltd of Saint John, NB.  As is common with many engineering firms, both are said to be employee-owned.

This continues the consolidation trend in the engineering industry.

Written by Dan Jennings

December 4, 2018 at 11:41 am

Welaptega sells to Ashtead

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https://www.ashtead-technology.com/news-events/ashtead-technology-acquires-welaptega/

Scotland-based Ashtead Technology has announced its acquisition of Halifax’s Welaptega (owned by Tony Hall).  Welaptega does inspections of offshore moorings, while Ashtead is a subsea equipment and services provider.

Written by Dan Jennings

November 28, 2018 at 5:17 pm

Edible Matters restaurant deal

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https://www.thechronicleherald.ca/business/local-restaurant-edible-matters-gobbled-up-248996/

The Chronicle Herald is reporting that the Hammond Plains restaurant/bar Edible Matters has been sold.  The Webber family sold to the Doherty family, which owns the Old Triangle bars throughout the Maritimes.

Written by Dan Jennings

November 23, 2018 at 2:13 pm