Conquest Engineering acquired
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.
Welaptega sells to Ashtead
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.
Edible Matters restaurant deal
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.
Business succession in NL
https://soundcloud.com/vocm/sept-1st-greg-london-dan-jennings-of-bdo-valuing-your
On a recent VOCM radio show in NL (hosted by BDO partner Nancy Snedden), tax colleague Greg London and I talk in-depth about the challenges of business succession in NL. We covered a wide variety of topics, such as demographics, taxes, the buyer landscape and more.
Maritime Fuels acquires Affordable Fuels
The Chronicle Herald is reporting that Halifax-based Affordable Fuels has been sold to Maritime Fuels. Steve Williams was the vendor while Charles Higgins and Ivan Cassell are the principals behind Maritime, which in turn acquired the former Pepco business in Atlantic last year.
This is further consolidation of the heating oil distributor market in NS, which I’ve commented on here over the last several years.
More insurance broker consolidation
http://thechronicleherald.ca/business/1558403-long-standing-independent-brokerages-merge
The Chronicle Herald is reporting that Antigonish Insurance and AA Munro Insurance (both Antigonish, NS-based insurance brokers) are merging.
This continues the consolidation trend in the P&C insurance brokerage industry.
Levy’s Leathers sold to Florida buyer
The Chronicle Herald is reporting that Antigonish-based Levy’s Leathers has been purchased by Florida-based Gator Cases. A manufacturer & reseller of guitar straps and cases, Levy’s Leathers has been operating in Antigonish, NS for decades. Gator Cases has made several acquisitions over the years in the musical instrument manufacturing/distribution industry, while its US manufacturing is based in Indiana.
Engineering industry consolidation
Quebec-based Englobe has announced an acquisition of Moncton-based Crandall Engineering. Crandall was employee-owned and is an engineering firm specializing in municipal, water/wastewater, buildings and traffic engineering. Englobe calls itself one of Canada’s largest engineering firms and specializes in soils, materials and environmental engineering.
This continues the consolidation trend in the engineering sector, including across Atlantic Canada.
Heating oil delivery consolidation in NS
The Cape Breton Post is reporting that Brian & Lisa Boudreau have sold their Arichat-based home & commercial heating oil delivery business Boudreau’s Fuels to Sydney- and New Glasgow-based Sullivan Fuels.
This is further consolidation in the NS home heating oil delivery industry, with Sullivan having completed several deals over the last few years.