Corporate Finance in Atlantic Canada

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

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

Business succession in NL

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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.

Written by Dan Jennings

October 26, 2018 at 1:34 pm

Maritime Fuels acquires Affordable Fuels

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https://www.thechronicleherald.ca/business/discount-fuel-delivery-company-bought-by-maritime-fuels-251969/

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.

Written by Dan Jennings

October 23, 2018 at 5:06 pm