Corporate Finance in Atlantic Canada

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

Posts Tagged ‘Atlantic M&A

Acadian Maple sold

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https://www.thechronicleherald.ca/business/local-business/authentic-seacoast-acquires-acadian-maple-345788/

The Chronicle Herald is reporting that Authentic Seacoast has acquired Acadian Maple Products from the Allaway family.

Acadian Maple is a Halifax-based supplier of maple products, including its popular-with-bus-tours Tantallon retail location.

Authentic Seacoast is a Guysborough-based collection of businesses owned by Glynn Williams.  Williams is well reported as the Toronto businessman who fell in love with Guysborough and has been active in building food & beverage businesses in the town. http://authenticseacoast.com/meet-glynn/

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Written by Dan Jennings

August 28, 2019 at 12:05 pm

Central Building Supplies sold to Kent

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http://www.cbc.ca/news/canada/nova-scotia/sale-building-supplies-business-change-1.3874402

Antigonish, NS-based Central Building Supplies is being sold to Kent Building Supplies.  Owner Steve Smith is selling his 7 locations to Irving-owned Kent, effective Jan 1.

Another example of strategic buyer consolidation in an industry.

Written by Dan Jennings

December 3, 2016 at 2:49 pm

NewNet sold

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https://news.samsung.com/global/samsung-acquires-rich-communications-services-business-from-skyview-capitals-newnet-communication-technologies

Bedford, NS’s NewNet Communication Technologies has been sold to technology giant Samsung.  NewNet is a provider of “rich communications services” to mobile data networks.

Originally named NewPace, NewNet was acquired by Skyview Capital in 2014, who have now sold it to Samsung.

Written by Dan Jennings

November 16, 2016 at 8:17 am

Source Security sold

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http://www.newswire.ca/news-releases/allied-universal-purchases-canadas-source-security–investigations-600382701.html

Halifax’s Source Security & Investigations (owned by Ron Lovett) has been sold to Allied Universal.  Allied Universal in turn is the result of a mega-merger earlier this year (Aug/16) of AlliedBarton and Universal Services.   Allied Universal claims to be North America’s largest security force.

Another example of industry consolidation and a vendor selling to a strategic buyer in his industry.

Written by Dan Jennings

November 8, 2016 at 2:00 pm

Posted in Announced Transactions

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Continuing high M&A levels in the SME space

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bdo-ma

The attached slides from one of our recent M&A presentations highlights the reasons for the continuing high levels of M&A activity in the small & medium-size business space:

  1. there is no shortage of capital available;
  2. historically low cost of capital (both debt & equity);
  3. lack of organic growth in the economy;
  4. baby boomer demographics (and the lessening of internal family business succession).

In our view, these key indicators point to elevated levels of M&A activity in the near- to mid-term.

Written by Dan Jennings

October 2, 2016 at 4:14 pm

CarteNav sold to EIC

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http://www.stockhouse.com/news/press-releases/2016/08/08/exchange-income-corporation-completes-acquisition-of-cartenav-solutions

Halifax’s CarteNav Solutions has been acquired by Winnipeg-based Exchange Income Corporation (“EIC”).

According to the news release, the purchase price was up to $17 mil including an earnout.  CarteNav’s intelligence, surveillance & reconnaissance software should be a good fit with Provincial Aerospace, the St. John’s-based maritime surveillance firm that EIC acquired last year.

Written by Dan Jennings

August 8, 2016 at 11:45 am

Posted in Announced Transactions

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J&H Industries sold to Irving-owned Kent

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http://www.theadvance.ca/news/local/2016/7/7/irving-confirms-lay-offs-at-j-and-h-industries-.html

The Queens County Advance is reporting that Irving-owned Kent Building Supplies has acquired J&H Industries in Liverpool, NS.   The business operates a hardware store and roof truss manufacturer.

Congratulations to the Sloan family.

Written by Dan Jennings

July 8, 2016 at 9:30 am

Posted in Announced Transactions

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