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M&A Reports November 2025

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2025

In Q3 2025, there were 662 Canadian M&A announcements, up 8% from the prior quarter and slightly above the trend line of the last several quarters. Total deal value climbed to a decade high of $145B driven by 20 mega deals, including three significant transactions that were all above $10B. Despite a continuation of the […]

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News November 2025

M&A Shook Off Tariff Woes in Q3 2025: Crosbie & Co.

Despite ongoing economic uncertainty, merger and acquisition activity picked up in the third quarter, according to new data from Crosbie & Co. Inc. The volume of M&A rose by 8% in the third quarter, and total deal value was up to $145 billion, an increase of 28%, on a quarter-over-quarter basis. The surge in deal […]

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Newsletter September 2025

Crosbie HVAC Services & Distribution M&A Update – September 2025

Crosbie recently advised the owner of Eden Energy Equipment Ltd., a specialized distributor of energy-efficient HVAC systems based in Ontario, on its sale to existing management in partnership with Sugar Maple Capital, a Canadian private equity firm. Through our research on the sector and discussions with many industry players as part of the sale process, […]

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News August 2025

M&A Still Subdued Amid Policy Uncertainty

Merger and acquisition (M&A) activity held steady in the second quarter, but the value of dealmaking soared thanks to a handful of mega deals, according to new data from Crosbie & Co. Inc. There were 611 M&A deals announced in the second quarter, largely unchanged from the 615 transactions reported in the first quarter, the […]

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M&A Reports August 2025

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2025

M&A deal volume in the second quarter of 2025 eased slightly to 611 deals, down from 615 the prior quarter, as deal makers grappled with President Trump’s tariffs and trade uncertainties. However, robust mega-deal activity drove announced deal value up 82% to $114B, the highest level since 2019. The quarter opened under the shadow of […]

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Press Releases July 2025

CaTECH Systems Receives Growth Investment from WestView Capital Partners

CaTECH Systems Receives Growth Investment from WestView Capital Partners July 24, 2025 Markham, ON and Boston, MA – CaTECH Systems (“CaTECH” or the “Company”), a leading provider of integrated infrastructure services across Canada, announced today that it has received a growth investment from WestView Capital Partners (“WestView”), a Boston-based private equity firm focused on partnering […]

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Newsletter June 2025

Crosbie & Company Perspectives 2025 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our latest analysis of certain proprietary valuation and transaction capital structure data for private equity acquisitions of mid-market companies. This data is mainly based on acquisitions of between $10 and $250 million by Canadian and U.S. private […]

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News May 2025

M&A Holds Up in Q1 2025: Crosbie

The volume of Canadian merger and acquisition activity held up in the first quarter, even as the value of dealmaking dropped amid fewer “mega” deals, according to new data from Toronto-based investment bank Crosbie & Co. Inc. There were 680 M&A deals announced in the first quarter, up slightly from 672 in the previous quarter […]

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Newsletter May 2025

Crosbie Store Fixture & Merchandising Solutions Report – June 2025

In late 2024, Visual Elements Manufacturing, a major Canadian store fixture business, was sold to SigmaQ, a family-owned luxury packaging and merchandising solutions business based in El Salvador. Crosbie advised the owners of Visual Elements on that transaction. Through our research on the sector and discussions with many industry players as part of the sale […]

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M&A Reports May 2025

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2025

After a strong rebound in M&A activity through 2024, the market moderated in the first quarter of 2025 as dealmakers navigate a rapidly changing landscape amid growing tariff and macroeconomic uncertainty. Announced deals totaled 615 (10% decline from the last quarter), and total deal value fell 16% to $63B. As the quarter progressed and global […]

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News May 2025

Canadian M&A Weaker in First Quarter: Crosbie

Amid uncertainty and a gloomier economic outlook triggered by erratic shifts in U.S. trade and economic policy, Canadian merger and acquisition (M&A) activity slumped in the first quarter, new data from Crosbie & Co. show. The value of M&A activity dropped 16% from the previous quarter to $63 billion, and the number of deals declined […]

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Press Releases April 2025

Ingersoll Rand Further Enhances Air Treatment Capabilities with Two Acquisitions

Execution of bolt-on acquisition strategy continues to enhance company’s durable financial profile by adding highly complementary products and capabilities focused on high-growth, sustainable end markets Acquisitions will expand Ingersoll Rand’s product and technology portfolio with additional chiller and onsite gas generation offerings and support the company’s in-region for the region strategy Acquisitions have a combined […]

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M&A Reports March 2025

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2024

As we sit today, 2024 may seem like a different time. Following a weak 2023 Canadian M&A environment, the market turned and strengthened throughout 2024 with four consecutive quarters of growth in announced transactions. This was despite tariff-threat road-bumps that emerged late in the year. Announced deals in Q4 totaled 685, a 5% increase from […]

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News March 2025

M&A Finished on a High for 2024

While the deal climate has started shifting this year amid heightened uncertainty — merger and acquisition activity enjoyed a strong 2024, according to new data from Crosbie & Co. Inc. In the fourth quarter, the volume of M&A deals rose by 5%, and deal value was up 12% from the previous quarter, the Toronto-based firm […]

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News February 2025

Trump’s Tariff Threats Put Chill on Deals, Investment in Canada as Weak Loonie Could Keep Some Investors Circling

The threat of a trade war hanging over the North American economy has sent a chill through investors, putting deals on pause and making it harder for Canadian companies to raise capital. The prospect that punishing tariffs threatened by U.S. President Donald Trump could upend key industries such as manufacturing and agriculture has raised the […]

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M&A Reports December 2024

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2024

Canadian M&A maintained the momentum it built in the first half of 2024 as announced transactions increased for the third straight quarter. Q3 saw 655 deals announced, up 1% from the previous quarter and 13% year-over-year. Announced deal value declined 10% from the prior quarter to $66B, supported by record level mega-deal activity. The third […]

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News December 2024

M&A Maintains Momentum in Q3

Amid a brightening economic picture, the volume of merger and acquisition (M&A) deals ticked up in the third quarter of 2024, according to Crosbie & Co. Inc. There were 655 M&A deals announced in the third quarter, up 1% from the previous quarter and 13% from a year prior, the Toronto-based mid-market investment bank said […]

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M&A Reports August 2024

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2024

In Q2 2024, announced Canadian M&A transactions increased for the second straight quarter, the first two quarter upswing since the pandemic-driven surge in 2021. There were 650 announced transactions in Q2, a 7% rise from the previous quarter though still down 12% year-over-year. Announced deal value was up 79%, totaling $74B, an increase from $41B […]

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News August 2024

M&A Picks Up in Second Quarter: Crosbie & Co.

Merger-and-acquisition (M&A) activity picked up in the second quarter, and the value of deal activity soared on the strength of a handful of large deals, reports Crosbie & Co. Inc. According to new data from the Toronto-based mid-market investment bank, the volume of M&A deals rose 7% in the second quarter, and deal value jumped […]

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Press Releases May 2024

Eden Energy Equipment Limited has been acquired by Sugar Maple Capital

May 30, 2024 Eden Energy Equipment Limited (“Eden”) has been acquired by Sugar Maple Capital and Michael Ridler, Eden’s general manager. Crosbie & Company Inc. acted as the exclusive sell-side advisor to Eden Energy Equipment Limited. Michael Ridler joined Eden more than 20 years ago, and is currently general manager. Grant Blackmore, owner and president, […]

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M&A Reports May 2024

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2024

Canadian M&A activity in Q1 2024 displayed a modest recovery after two consecutive quarters of declining deal volume and aggregate deal value. Announced deals increased by 11% to 606 from 546 in Q4 2023, though still down 16% year-over-year. Total deal value for the quarter reached $41B, an increase from $40B in the previous quarter. […]

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News May 2024

Canadian M&A Edged Higher in Q1: Crosbie

Merger-and-acquisition activity rebounded a bit in the first quarter, according to data from Crosbie & Co. Inc. The number of deals announced in the first quarter of 2024 rose by 11% from the previous quarter, and total deal value edged up to $41 billion from $40 billion, the Toronto-based, mid-market investment bank reported Thursday. “Despite […]

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Newsletter April 2024

Crosbie & Company Perspectives 2024 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our latest analysis of certain proprietary valuation and transaction capital structure data for private equity acquisitions of mid-market companies. This data is mainly based on acquisitions of between $10 and $250 million by Canadian and U.S. private […]

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M&A Reports February 2024

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2023

Canadian M&A volume decreased in the last quarter of 2023 with announced deals dropping to 546 from 579 in Q3 2023. Compared to this time last year, M&A activity is down 28% and represents the slowest quarter in the last decade. Like last quarter, a higher interest rate macro environment and economic uncertainty continues to […]

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News February 2024

Weak Merger Activity to Finish 2023: Crosbie

Merger and acquisition activity had its weakest quarter in the past 10 years to end 2023, according to new data from Crosbie & Co. Inc. The Toronto-based firm reported that there were 546 deals announced in the fourth quarter of 2023, down from 579 in the third quarter. From the same quarter a year ago, […]

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M&A Reports November 2023

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2023

Canadian M&A deal volume slipped in the third quarter of 2023 with announced deals dropping to 579 from 736 in Q2 2023. Across the board, tight credit and equity markets are limiting buyers’ access to leverage and financing, and uncertainty is limiting vendors’ inclination to sell. Furthermore, whilst deal count fell 21% QoQ, deal value […]

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News November 2023

M&A Deal Activity Retreats in Q3: Crosbie

M&A Deal Activity Retreats in Q3: Crosbie https://www.crosbieco.com/who-we-are/news-media/news-item/2023/11/08/m-a-deal-activity-retreats-in-q3-crosbie Economic uncertainty, tight finances weighing on deal flow Merger and acquisition activity dropped in the third quarter, amid growing economic uncertainty and tight financial conditions, Crosbie & Co. Inc. reports. The Toronto-based firm said deal volume dropped by more than 20% in Q3, with 579 transactions announced […]

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News September 2023

Enbridge Deal a Boon for Bay Street Bankers

After eight forgettable months, Bay Street is having a September to remember. The slump in stock sales ended late Tuesday, as investment banks staged a successful $4-billion equity offering for Enbridge Inc., pocketing $130-million in fees. On Wednesday, the banks did three more deals. They raised $500-million to help fund insurer Intact Financial Corp.’s planned […]

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M&A Reports August 2023

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2023

The Canadian M&A market is showing signs of stability, with the level of deal activity in the last three quarters settling into a new trading range after its mid-pandemic upsurge and subsequent decline. In Q2 2023, the number of M&A announcements edged up to 736, showing a modest rise from the previous quarter, while total […]

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News August 2023

Canadian M&A Finds Stability in Q2: Crosbie & Co.

Merger and acquisition activity edged higher in the second quarter, according to new data from Toronto’s Crosbie & Co. Inc. The number of deals ticked up to 736 in the second quarter from 721 in the prior period. The value of M&A deals also jumped by 41% quarter over quarter to $74.4 billion. “The Canadian […]

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News June 2023

Nobis Outerwear Will Expand to China Through Joint Venture with ShenZhen Ellassay Fashion Group

TORONTO–(Business Wire) – Nobis Inc., a leading premium outerwear and accessory brand from Canada, is pleased to announce its joint venture with Shenzhen-based multi-brand fashion group ShenZhen Ellassay Fashion Co., Ltd, marking a significant milestone in Nobis’ global expansion strategy. This strategic alliance leverages the strengths of both companies, combining Nobis’ inn

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Newsletter June 2023

Crosbie & Company Perspectives 2023 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our latest analysis of certain proprietary valuation and transaction capital structure data for private equity acquisitions of mid-market companies. This data is mainly based on acquisitions of between $10 and $250 million by Canadian and U.S. private […]

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M&A Reports May 2023

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2023

In Q1 2023, there were 721 announced Canadian M&A transactions representing a total deal value of $52.7B. Announcements were slightly below the prior quarter but were generally in line with the average for the prior three quarters (730 announcements); however, they remain below the average quarterly levels pre-pandemic (825) and during Covid-19 (880). “The last […]

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News May 2023

Mergers and Acquisitions Cool Alongside Economy

Canadian merger and acquisition activity dipped a bit in the first quarter, reflecting a gloomier economic outlook and tighter financial conditions, according to new data from Toronto’s Crosbie & Co. Inc. There were 721 M&A deals announced in the first quarter, down from 758 transactions in the previous quarter. Deal value also dropped quarter over […]

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M&A Reports February 2023

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2022

In Q4 2022, announced Canadian M&A transactions increased after a seeing a decline in the previous three quarters. In the most recent quarter, there were 758 announced transactions, up 11% quarter-over-quarter, with total deal value climbing to $90B. While headed in the right direction, quarterly activity was down -20% relative to Q4 2021. On a […]

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News February 2023

M&A Enjoys a Rebound in Q4: Crosbie

Canadian merger and acquisition activity ticked up in the fourth quarter, according to new data from mid-market investment bank Crosbie & Co. Inc. The volume of deals rose by 11% in the final quarter of 2022, and the deal value was up by 42% to $90 billion, making the fourth quarter the strongest of last […]

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M&A Reports November 2022

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2022

In Q3 2022, announced Canadian M&A transactions declined for the third quarter in a row, hitting the second lowest quarterly level since the onset of COVID-19 and flirting with pre-pandemic levels last seen in 2016. In the most recent quarter, there were 684 announced transactions, down 8% quarter-over-quarter, representing deal value of $63B, up 16% […]

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News November 2022

Canada’s Merger Deals Continued to Slide During the Third Quarter

Deal making activity slowed further in Canada during the third quarter, continuing a downtrend trend driven by rising interest rates and volatile market conditions, though experts are counting on a rebound in 2023. A total of 684 merger and acquisition transactions were announced between the start of July and the end of September, according to […]

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News November 2022

Economic Weakness Weighs on M&A

Heightened economic uncertainty and tighter financial conditions continue to weigh on merger and acquisition activity, according to the latest data from Toronto-based Crosbie & Co. Inc. There were 684 deals announced in the third quarter, down by 8% from the previous quarter — however, the value of deals rose to $63 billion, up about 16% […]

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Press Releases October 2022

Two of Ontario’s Most Successful Brewers Coming Together to Tap Their Shared Potential

Equals Brewing (London, ON) acquires Side Launch (Collingwood, ON) Combined portfolio includes Ontario’s pioneering seltzer brand (Bangarang), 2016 Craft Brewer of the Year (Side Launch), the #3 rated wheat beer in the world (Side Launch Wheat), and award-winning Shake Lager The combined company is excited to grow and expand from both of its homes in London and Collingwood LONDON, […]

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Press Releases August 2022

Covington Fund II Inc. Announces Sale of Remaining Venture Portfolio Holdings

News provided by Covington Capital Corp.  TORONTO, Aug. 30, 2022 /CNW/ – Covington Fund II Inc. (the “Fund”) announced today that it has signed a binding Asset Purchase Agreement comprising the sale of the Fund’s remaining venture holdings. The En-Bloc sale is in exchange for $7,000,000 in cash to an Affiliate of North Sky Capital, a Secondary Fund based in Wayzata, […]

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Press Releases August 2022

Praecipio Acquires Avant, Expanding Global Reach to Canada

Combined capabilities and agile expertise position Praecipio as a leading Atlassian partner in Canada AUSTIN, Texas & WINNIPEG, Manitoba–(BUSINESS WIRE)–Praecipio is acquiring Avant Systems Group, expanding its global practice as the premier cloud-first business and technology consulting firm in the U.S. and Canada. Avant is a Canadian-based Atlassian Platinum Solution Partner known for its exceptional support […]

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M&A Reports July 2022

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2022

In Q2 2022, Canadian M&A decelerated sharply, falling back from the highs reached in 2021 toward activity levels seen in the pre-pandemic period. In the second quarter, there were 747 announced transactions representing deal value of $54B, down 12% and 19% from Q1 2022, respectively. In the first half, there were 1,598 transactions, representing a […]

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News June 2022

In this Mergers and Acquisitions Market, the Strong Eat the Weak

Bay Street’s summer vacation plans are in jeopardy. Bankers and lawyers are bracing for a second consecutive year of record-breaking merger and acquisition activity, fuelled in part by a recent tech stock sell-off that dramatically lowered the price tag on growth-focused businesses. In recent months, M&A activity has exploded in sectors such as software, IT […]

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Newsletter June 2022

Crosbie & Company Perspectives 2022 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our latest analysis of certain proprietary valuation and transaction capital structure data for private equity acquisitions of mid-market companies. This data is mainly based on acquisitions of between $10 and $250 million by Canadian and U.S. private […]

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M&A Reports April 2022

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2022

Canadian M&A activity softened in Q1 2022 with 851 announced transactions representing $67B in deal value, below the record highs achieved in 2021 where the quarterly averages were 964 and $90B, respectively. However, Canadian M&A activity remains quite strong relative to historical conditions—the three-year period from 2018 to 2020 saw a quarterly average of 814 […]

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News April 2022

Despite Q1 Pullback, M&A Remains Active: Crosbie

Canadian merger and acquisition activity retreated in the first quarter but remained strong on a historical basis, according to data from Toronto’s Crosbie & Co. Inc. The firm reported that there were 851 M&A deals announced in the first quarter, generating $67 billion in deal value. While this is weaker than the last year’s quarterly […]

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Newsletter February 2022

Crosbie – FAQs for Business Owners (Winter 2022)

At Crosbie, we have been selling businesses for over 30 years and have assisted hundreds of business owners. Through this experience, we have fielded many questions and concerns raised by entrepreneurs about the M&A sale process as well as some common misconceptions, including the following: .pdf “Crosbie Perspectives 2019”).pdf “Crosbie/GMAP IoT in Manufacturing Industry Report […]

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M&A Reports January 2022

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2021

Following a slight pullback in Q3, M&A activity picked up again in Q4 2021 with 943 announced transactions. This elevated the full-year into the record books with 3,857 announced deals representing $359B in aggregate value. In terms of annual activity and deal value, 2021 surpasses the prior record by more than 400 deals and $27B […]

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News January 2022

Canadian M&A Sets Records in 2021, Crosbie Reports

Following a fourth quarter resurgence, Canadian merger and acquisition activity reached record levels in 2021, according to new data from Crosbie & Co. The Toronto-based mid-market investment bank reported that there were 3,857 M&A transactions announced last year, representing $359 billion in total value. M&A activity set records in terms of both deal volume and […]

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M&A Reports November 2021

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2021

M&A activity continued to moderate in the third quarter of 2021 with 917 reported deals, representing a decline of 7% compared to Q2 and the lowest quarterly level transactions we have seen over the prior three quarters. However, despite this declining trend, the quarter was still the fourth strongest quarter on record with announcements that […]

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News November 2021

M&A Activity Comes off the Boil: Crosbie

Merger and acquisition activity stayed strong in the third quarter, but the pace of deal-making is slowing from its recent record levels, according to new data from Crosbie & Co. The volume of M&A deals slipped by 7% in the third quarter, the Toronto-based mid-market investment bank reported. While Q3 represented the weakest quarter so […]

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M&A Reports August 2021

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2021

Following a blistering start to the year and an all-time record Q1, Canadian M&A announcements in second quarter of 2021 essentially maintained this pace with only a slight 2% decrease. The 990 Canadian M&A transactions announced in Q2 2021 represents the second highest quarter on record and contributed to the strongest first half we have […]

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Press Releases August 2021

BGL Announces the Sale of Ontario Excavac

CLEVELAND, Aug. 16, 2021 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Ontario Excavac Inc. (Ontario Excavac), a Market Square Equity Partners portfolio company, to an undisclosed North American infrastructure investor. BGL’s Environmental & Industrial Services investment banking team and its Global M&A partner, Crosbie & Company Inc., served as the exclusive financial advisors to […]

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Newsletter June 2021

Crosbie/GMAP IoT in Manufacturing Industry Report – June 2021

A few years ago, the Internet of Things (“IoT”) was not on most people’s radar screen.  Today, it is regarded as an important transformative technology and for some manufacturers, one that will become an important secular growth driver. In view of the IoT’s growing relevance and importance to many companies across a range of sectors, […]

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M&A Reports June 2021

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2021

Following a record in the fourth quarter of 2020, Canadian M&A surged in Q1 2021 to a new all-time high. 1007 Canadian M&A transactions were announced in Q1, representing an increase of 8% from the prior quarter. “While some of this record activity likely represents a continued catchup of deals put on hold early in […]

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News June 2021

M&A Activity Hits Record High in Q1: Crosbie & Co.

Canadian merger-and-acquisition activity hit another all-time high in the first quarter of 2021, according to new data from Crosbie & Co. The Toronto-based investment bank reported that there were 1,007 M&A deals announced in the first quarter, up 8% from the prior quarter and 26% from the same quarter last year, to a new record […]

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Newsletter May 2021

Crosbie & Company Perspectives 2021 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our latest analysis of certain proprietary valuation and transaction capital structure data for private equity acquisitions of mid-market companies. This data is mainly based on acquisitions of between $10 and $250 million by Canadian and U.S. private […]

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News April 2021

Mergers and Acquisitions Activity has Exploded. Here’s Why – and the Reasons it will Continue for the Foreseeable Future

Many Canadians are in lockdown. Canadian companies, however, are on the road in the pandemic, launching takeovers at a record-setting clip and creating a deal-making boom that’s seeing domestic firms emerge as international players. There has never been more mergers and acquisition activity – or more megadeals worth more than $1-billion – and the M&A […]

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M&A Reports February 2021

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2020

In the fourth quarter of 2020, Canadian M&A activity increased significantly with 935 announced transactions, representing a new highwater mark for quarterly M&A activity. Despite a very weak second quarter, the annual number of transactions for 2020 was 3,136, slightly below the 3,227 transactions in 2019 but higher than many people anticipated given the impact […]

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News February 2021

M&A Shakes Off Pandemic in Q4: Crosbie & Co.

Merger and acquisition activity that was paused when Covid-19 hit came roaring back in the fourth quarter of 2020, according to new data from Crosbie & Co. The firm reported that deal volume surged to record levels in Q4, with 935 announced transactions. M&A activity rose 16% from the third quarter, which rebounded (rising 34%) […]

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News January 2021

M&A Deal Outlook Rosy for 2021: Crosbie & Co.

Between a backlog of unsold businesses and a supportive climate for deal-making, mergers and acquisitions activity may be poised for a strong rebound in 2021, according to Crosbie & Co. Inc. “We think it is likely that M&A will rebound strongly and that conditions will be much more favorable for sellers than some might think,” […]

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M&A Reports January 2021

Crosbie & Company Canadian M&A Special Report – M&A Outlook for 2021

When the pandemic hit in March 2020 a switch was flipped: we were hit with significant uncertainty and a range of practical issues that created strong headwinds for M&A. However, in recent months, we have learned to navigate some of these issues and the outlook for many businesses has begun to clarify. COVID has impacted […]

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M&A Reports December 2020

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2020

In the third quarter of 2020, there were some signs of life in the Canadian M&A market with 804 announced transactions representing aggregate value of $18B. Following a very weak second quarter when we experienced heavy disruption from COVID-19, the number of announced transactions in Q3 increased by 34%, surprising many observers by rebounding back […]

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News December 2020

Canadian M&A Rebounds in Q3

Canadian merger and acquisition activity perked up in the third quarter, according to new data from Toronto-based mid-market investment bank, Crosbie & Co. In the first half of 2020, the M&A market was severely disrupted by the onset of the Covid-19 outbreak, but by the third quarter deal flow was starting to rebound. Crosbie reported […]

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M&A Reports July 2020

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2020

In the second quarter of 2020, Canadian M&A activity declined to 600 announced acquisitions worth an aggregate value of $14.2B. Although transaction activity declined 25% relative to the previous quarter, it appears that COVID-19 has not impacted the M&A market as significantly as many had previously anticipated. While the global COVID-19 pandemic forced many businesses […]

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News July 2020

M&A Down, But Not Defeated

As expected, merger and acquisition activity dropped in the second quarter, but it didn’t fall as hard as many feared, according to new data from Crosbie & Co. That said, a full recovery will depend on efforts to control Covid-19 and a return to more normal conditions. Toronto-based investment bank, Crosbie & Co. reported that […]

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M&A Reports April 2020

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2020

In the first quarter of 2020, the Canadian M&A market continued to perform strongly, with 797 announced acquisitions worth an aggregate value of $47.1B. However, as the quarter came to a close, the global COVID-19 pandemic began to take hold resulting in the shut down of many businesses, border closings, and an interruption of much […]

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News April 2020

The Last Hurrah for M&A

Canadian merger and acquisition activity had one last healthy quarter before the Covid-19 outbreak tanked the economy and financial markets, taking dealmaking with it. According to a new report from Toronto-based Crosbie & Co., the Canadian M&A market had a decent first quarter, with 797 deals announced — more or less in line with the […]

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News March 2020

Market Volatility Does Not Mean the Sky is Falling

Rudyard Kipling’s famous poem “If” starts with “If you can keep your head when all about you are losing theirs…” That is good advice for all of us, but especially investors. The Covid19 pandemic has mixed health concerns with financial concerns. Unprecedented market drops, continued volatility, stimulus packages, layoffs and the fear of recession or […]

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News March 2020

Timing the Stock Market Simply Does Not Work

Shares of Apple Inc. hit an adjusted high of US$27.06 in the beginning of June. And then the shares followed a path downward until they hit a price of US$11.87 in early March. This was a 56 per cent decline in the share price in less than 10 months. Of course, I am talking about […]

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News February 2020

Financial Sector Buy Drives Strong Q4 M&A Activity

The Canadian merger and acquisition (M&A) market finished 2019 with a strong quarter: the volume of deal activity held up while deal value soared in the fourth quarter, according to a new report from Crosbie & Co. The Toronto-based investment banking firm reported that there were 764 M&A deals announced in the fourth quarter, compared […]

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M&A Reports February 2020

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2019

Canadian M&A activity remained robust in Q4 of 2019, with 764 announced transactions and aggregate deal value of $131.2B, the greatest amount since Q3 of 2016. In total, there were 3,227 transactions announced in 2019, a slight decline from the record set in 2018. The Canadian M&A market continues to show signs of strength, as […]

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News January 2020

How to Make Better Decisions in 2020

Everywhere you look these days, there is much hand-How do we make decisions? Or, perhaps a more helpful question, how do we make better decisions? As we start 2020, a lot of us are asking ourselves the same questions because the implications are rather profound. From eating, to exercising, to investment, to leadership – finding […]

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M&A Reports October 2019

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2019

Canadian M&A market activity experienced a slight decline in Q3 after a record setting second quarter, but remained robust with 776 announced transactions valued at $45B. M&A activity has been extremely strong for several years and transaction activity has persisted in Q3 – the number of deals has exceeded the 700 transaction threshold during each […]

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News October 2019

Canada’s M&A Market Softens in Q3, Crosbie says

The Canadian M&A market pulled back a bit in the third quarter after several quarters of historically strong deal flow, according to the latest data from Toronto’s Crosbie & Co. There were 776 deals announced in the third quarter of 2019, down from 886 deals in the previous quarter, and 881 transactions in the same […]

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M&A Reports August 2019

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2019

M&A activity set a new record high in the second quarter with 886 announced transactions valued at $70.5B. Following a slight decline in Q1 2019, deal activity rebounded 11% in Q2 as the Canadian M&A market continued its robust activity levels. The number of transactions per quarter has now exceeded 800 for 6 consecutive quarters. […]

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News August 2019

Canadian M&A Hits Record Levels in Q2, Crosbie Reports

Canadian merger and acquisition (M&A) activity hit a record high in the second quarter with 886 deals, according to new data from Crosbie & Co., a Toronto-based mid-market investment bank. The number of deals announced in the second quarter of 2019 edged out the previous record of 881 in the third quarter of 2018. Crosbie […]

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News July 2019

Four Things We Should all Learn from the Wealthy

We Canadians have this love-hate relationship with our 1 per cent, the really wealthy individuals that we see on television or read about. We celebrate their successes publicly, but privately we can be resentful, wonder what lucky genetic lottery they won, or ask: Do they deserve their wealth? In more than 25 years of working […]

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News May 2019

M&A Activity Dips in Q1: Report

Canadian merger and acquisition activity pulled back slightly from recent heights in the first quarter (Q1) of 2019, says Crosbie & Co. in a new report. The Toronto-based investment bank reports 801 deals were announced in Q1, down from 874 transactions in the previous quarter. Yet, Crosbie notes, Q1 2019 is still the second-strongest Q1 […]

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M&A Reports May 2019

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2019

M&A activity was strong in the first quarter of 2019 with 801 announced transactions valued at $74B. It is notable that this is the fifth consecutive quarter where transaction activity has exceeded the 800 deal threshold. While the number of deals is 4% below Q1 2018, this quarter is still the second strongest Q1 in […]

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Newsletter May 2019

Crosbie & Company Perspectives 2019 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our analysis of certain proprietary valuation and transaction capital structure data taken from private equity acquisitions of mid-market companies. This data is based on acquisitions of between $10 and $250 million by Canadian and U.S. private equity […]

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Press Releases March 2019

MTY completes the acquisition of South Street Burger

MONTREAL, March 21, 2019 /CNW Telbec/ – MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY) announced today that pursuant to the announcement made on December 11, 2018, one of its wholly-owned subsidiaries has acquired substantially most of the assets of South Street Burger (www.southstburger.com) The total consideration for the transaction is approximately $5.1 million, subject to customary post-closing adjustments. A […]

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M&A Reports February 2019

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2018

Despite a slight drop relative to the third quarter, transaction announcements were 12% above the same quarter last year, helping propel Canadian M&A activity to a new annual high in 2018. There were 874 announcements in Q4, exceeding the 800 transaction level for the fourth time in four quarters. The new annual high of 3,415 […]

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News February 2019

Merger Deal Volume Sets Record in 2018

Canadian merger and acquisition (M&A) activity reached record levels in 2018, according to new data from Crosbie & Co. The Toronto-based investment bank reports that Canada saw a record 3,415 deals announced in 2018, which is up by 14% from the previous year. Aggregate deal value came in at $247 billion, which is down by […]

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News January 2019

First Nations leaders discuss financing models for ownership stake in Trans Mountain

Leaders representing dozens of First Nations gathered outside Calgary this week to discuss buying an ownership stake in the Trans Mountain pipeline, a significant undertaking that will eventually require billions of dollars if the project’s contentious expansion proceeds. A number of First Nations have been enthusiastic participants in energy projects over the past decade, purchasing […]

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News January 2019

Economic uncertainty threatens to stall M&A activity

Unpredictability on the trade and economic fronts threatens to temper Canadian merger and acquisition activity in 2019, as corporate buyers reassess the risks of making big deals. The deal flow hit a record in the third quarter of 2018, and there is still keen interest in corporate purchases, with more than US$1-trillion in private capital […]

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M&A Reports November 2018

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2018

Canadian M&A activity set a new high-water mark in Q3 2018 with a record 881 announced transactions, as activity increased for a third consecutive quarter. Overall activity for the quarter was bolstered by a robust domestic mid-market deal environment. The strength in activity brings the year-to-date number of announced transactions to 2,541, a 15% increase […]

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News August 2018

Value of M&A Activity Soared in Q2 2018

Canadian merger and acquisition (M&A) remained strong in the second quarter of 2018 (Q2 2018 as the value of deal activity soared, according report published Thursday from Toronto-based Crosbie & Co. There were 826 M&A transactions in Q2 2018, which was just shy of Q1 2018 and, total deal value jumped to $74 billion from […]

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M&A Reports August 2018

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2018

The Canadian M&A market continued its hot streak in the second quarter with 826 transactions, just below the high recorded in the first quarter. Total deal value rebounded to $74B (from $47B in Q1), largely due to 18 mega-deals (transactions with aggregate value in excess of $1B), the highest quarterly number announced in over five […]

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Newsletter March 2018

Crosbie & Company Perspectives 2018 on Private Equity Financing

Publication – Crosbie & Company Perspectives 2018 on Private Equity Financing Date: March 22, 2018 Content based on proprietary valuation and transaction capital structure data from private equity acquisitions of mid-market companies (between $10 and $250 million by Canadian and U.S. PE groups). Key topics covered: – Valuation multiples segmented by transaction size and industry […]

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M&A Reports February 2018

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2017

Canadian M&A activity (which we define as all M&A deals involving a Canadian entity as a material counterparty) flourished during the fourth quarter of 2017 reaching a six year quarterly high in terms of the number of announcements. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 780 announcements in Q4, […]

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M&A Reports February 2018

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q4 2017

Canadian M&A activity flourished in the fourth quarter of 2017 reaching a six year quarterly high in terms of the number of announced transactions. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 780 announcements valued at $45B in Q4 (well above 716 deals worth $63B in Q3 2017). The quarter […]

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M&A Reports November 2017

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2017

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) was strong in the third quarter of 2017, remaining toward the top end of the recently observed quarterly announcements range. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 716 announcements in Q3. […]

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M&A Reports November 2017

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q3 2017

Canadian M&A activity remained solid during the third quarter of 2017 in terms of both the number of announced transactions and aggregate value. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 716 announcements valued at $63B in Q3 (in line with 724 deals worth $64B in Q2 2017). The quarter […]

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M&A Reports July 2017

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2017

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) showed continued strength in the second quarter of 2017, coming off the 5 year high observed in the prior quarter. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 724 announcements in Q2, […]

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M&A Reports July 2017

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q2 2017

Publication – Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q2 2017 Date: July 20, 2017 | Type: Press Release Cross Border Shopping Continues While Domestic Activity Pulls Back Canadian M&A activity maintained its positive momentum following the surge in the first quarter of 2017 while aggregate deal value softened. Figures developed by […]

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News July 2017

Canadian M&A Activity Dips in Q2: Crosbie

Canadian merger and acquisition (M&A) activity declined a little in the second quarter (Q2), according to the latest data from Toronto-based Crosbie & Co. The firm reports that there were 724 deals announced in the quarter worth a combined $64 billion, down from 771 deals valued at $80 billion in the first quarter. Despite the […]

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Newsletter May 2017

Crosbie & Company Perspectives 2017 on Private Equity Financing

Publication – Crosbie & Company Perspectives 2017 on Private Equity Financing Date: May 10, 2017 | Type: Newsletter Given the importance of private equity to middle market M&A, Crosbie & Company provides analysis of proprietary valuation and transaction capital structure data taken from private equity acquisitions of mid-market companies. Data based on acquisitions of between […]

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M&A Reports May 2017

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2017

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) was fueled by the mid-market as the number of announced transactions in Q1 surged to the highest level in the last 5 years. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 771 […]

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News May 2017

Canadian M&A Activity Surges in Q1

Canadian merger and acquisition (M&A) activity surged in the first quarter (Q1), according to the latest data from Toronto-based mid-market investment bank Crosbie & Co. There were 761 deals announced in Q1, up from 602 deals in the same quarter a year ago, but the total value of that deal activity dropped to $80 billion […]

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M&A Reports February 2017

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2016

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) was tracked at 693 transactions in Q4 of 2016. Based on figures developed by Crosbie & Company using Capital IQ and other sources, activity in Q4 was up 8% from the same quarter last year and marked […]

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M&A Reports February 2017

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q4 2016

Canadian M&A activity remained strong in the fourth quarter of 2016 while aggregate deal value reverted to the mean after reaching a 4-year high in the previous quarter. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 693 announcements valued at $49.6B in Q4 (compared to 681 deals worth $132.4B in […]

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News February 2017

Canadian M&A Activity Remains Strong, Crosbie Reports

The volume of Canadian mergers and acquisitions (M&A) remained strong in the fourth quarter (Q4) of 2016, even as deal value declined, according to new data from Toronto-based mid-market investment bank, Crosbie & Co. There were 693 deals announced in the Q4, Crosbie reports, up slightly from 681 deals in the third quarter (Q3) and […]

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M&A Reports November 2016

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2016

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) was tracked at 681 transactions in Q3 of 2016. Based on figures developed by Crosbie & Company using Capital IQ and other sources, activity in Q3 was roughly in line with the same quarter last year although […]

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M&A Reports November 2016

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q3 2016

Following a flurry of activity in Q2, Canadian M&A activity remained strong in the third quarter of 2016 on the strength of mega-deals which catapulted deal values to a 4-year high. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 681 announcements valued at $132.4B in Q3 (compared to 709 deals […]

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News November 2016

Mega Deals Drive Strong M&A Activity in Q3

Canadian mergers and acquisition (M&A) activity remained strong in the third quarter (Q3) on the strength of one of the largest deals in Canadian history and several other $1 billion+ deals, according to a new report from Crosbie & Co. Specifically, there were 681 M&A deals announced in Q3 valued at a combined $132.4 billion […]

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M&A Reports August 2016

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2016

Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) rebounded in Q2 to the highest level in nearly two years, reversing a seven quarter downward trend. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 709 announcements in Q2, up 9% from […]

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M&A Reports August 2016

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q2 2016

Canadian M&A activity broke its recent downward trend in the second quarter of 2016, increasing to the highest level since Q3 2014. Deal value, however, was down significantly due to a decline in large mega-deals (transactions over $1B). Figures developed by Crosbie & Company using Capital IQ and other sources indicated 709 announcements valued at […]

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News August 2016

Resources Drive M&A Activity in Q2

Merger and acquisition (M&A) activity ticked up in the second quarter (Q2), driven by intensified action in the resources sector, according to Toronto-based Crosbie & Co.’s Canadian M&A Report Q2 2016. Specifically, the report states that there were 709 Canadian M&A deals announced in the Q2, up from 602 deals in the first quarter (Q1). […]

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M&A Reports May 2016

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2016

The Canadian M&A activity (which we define as all M&A deals involving a Canadian company as a material counterparty) was fueled by multibillion dollar deals even though the number of deals declined to the lowest since 2012. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 602 announcements in Q1, down […]

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M&A Reports May 2016

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q1 2016

Canadian M&A continued its downward trend, declining for the sixth time in seven quarters, the lowest level of activity since 2012. However, deal value was at near-record levels due to several large mega-deals (transactions over $1B). Figures developed by Crosbie & Company using Capital IQ and other sources indicated 602 announcements valued at $101B in […]

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News May 2016

Megamergers Boost Canadian M&A Activity in Q1: Crosbie

While numerous super-sized mergers boosted the value of Canadian mergers and acquisitions (M&A) activity in the first quarter of 2016, the volume of deals declined to its lowest level since 2012, Toronto-based Crosbie & Co. announced on Wednesday. There were 602 deal announcements in the first quarter, according to the Crosbie announcement, down from 656 […]

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Newsletter March 2016

Crosbie & Company Perspectives 2016 on Private Equity Financing

Given the importance of private equity to middle market M&A, we thought you may have an interest in our analysis of certain proprietary valuation and capital structure data. This data is for Canadian and U.S. private equity transactions of between $10 and $250 million, in the years before and after the financial crisis. We believe […]

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M&A Reports February 2016

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q4 2015

While Canadian M&A activity declined for the fifth time in six quarters, deal value was at near-record levels due to several large mega-deals (transactions over $1B). Figures developed by Crosbie & Company using Capital IQ and other sources indicated 643 announcements valued at $137B in Q4 (down from 705 deals worth $116B in Q4 2014). […]

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News February 2016

Value of Canadian M&A Activity Surges in Q4 2015

Several mega deals pushed the value of Canadian mergers and acquisition (M&A) activity to almost record levels in the fourth quarter (Q4) of 2015, masking an underlying weakness in deal flow, according to a new report from Toronto-based investment bank Crosbie & Co. Crosbie reports that there were 643 M&A deal announcements in Q4 2015, […]

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M&A Reports December 2015

Crosbie & Company Canadian Mergers & Acquisitions Report for Q4 2015

The Canadian M&A market (which we define as all M&A deals involving a Canadian company as a material counterparty) resumed the downward trend that began in mid-2014. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 643 announcements in Q4, down 4% from the previous quarter and down 9% from the […]

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News November 2015

Weak Energy Sector Curbs Canadian M&A Activity

Count Canadian M&A activity as another casualty of the drop in oil prices, as deal activity in Q2 2015 dropped for the fourth consecutive quarter, according to new data from Toronto-based Crosbie & Co. Inc. There were 652 deal announcements in Q2 2015, down from 768 deals in the same quarter last year, according to […]

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News November 2015

‘Flood’ of M&A Activity Expected After Market Rebounds in Q3

Mergers and acquisitions (M&A) picked up throughout Canada during the third quarter of 2015 following four straight quarters of declines. But the 673 announced deals valued at $92 billion trails the 708 deals made during the same period a year prior, according to a report released Thursday (May 22) from Crosbie and Company. B.C. was […]

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M&A Reports November 2015

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q3 2015

Canadian M&A experienced a rebound in activity in the third quarter of 2015, breaking a streak of four consecutive quarters of declining activity, partly as a result of acquisitions by Canadian companies of foreign targets. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 673 announcements valued at $92B in Q3 […]

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News November 2015

M&A Activity Rebounds in Q3: Crosbie

Canadian merger and acquisition activity rebounded in the third quarter of 2015, according to a report released on Thursday from Toronto-based Crosbie & Co. Canadian M&A business broke a streak of four consecutive quarters of declining activity in the third quarter, driven in part by Canadian companies making acquisitions of foreign targets, the report says. […]

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M&A Reports September 2015

Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2015

The Canadian M&A market (which we define as all M&A deals involving a Canadian company as a material counterparty) rebounded strongly after four consecutive quarters of declining activity. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 673 announcements in Q3, up 3% from the previous quarter and down 12% from […]

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August 2015

Crosbie & Company Canadian Mergers & Acquisitions Press Release for Q2 2015

Canadian M&A experienced its fourth consecutive quarter of declining activity in the second quarter of 2015, largely as a result of weakness in the resource sectors. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 652 announcements valued at $75B in Q2 (down from 768 deals worth $58B in Q2 2014). […]

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M&A Reports June 2015

Crosbie & Company Canadian Mergers & Acquisitions Report for Q2 2015

The Canadian M&A market experienced its fourth consecutive quarter of declining activity. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 652 announcements in Q1, down slightly from the previous quarter and down 15% from the recent peak in activity in Q2 2014. However, due to increased mega deal activity (transactions […]

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News May 2015

Large Outbound Transactions Dominate M&A Activity

The mergers and acquisitions trend, according to a report to be released Friday, is not good: for the third consecutive quarter, there’s been a decline in such activity involving Canadian companies. That trend also has implications for capital raisings given that on average about 40 per cent of equity issuance is related to an M&A […]

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M&A Reports March 2015

Crosbie & Company Canadian Mergers & Acquisitions Report for Q1 2015

M&A involving Canadian Companies experienced its third consecutive quarter of overall declining activity. Figures developed by Crosbie & Company using Capital IQ and other sources indicated 656 announcements in Q1, down 7% from the previous quarter and down 15% from the recent peak in activity in Q2 2014. The value of announced transactions was $45B […]

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M&A Reports December 2014

Crosbie & Company Canadian Mergers & Acquisitions Yearly Report for 2014

The Canadian M&A market rebounded strongly in 2014 after weakening the prior two years. Analysis prepared by Crosbie & Company using Capital IQ and other sources indicated 2,869 announcements in 2014, up 13% from 2013, and consistent with activity level from 2010 through 2012. In terms of value, announced transactions surged $45B to $238B in […]

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News September 2014

Blue Mountain Resorts Sale Wins PCMA’s Private M&A Deal of the Year

Crosbie & Co Inc and Blue Mountain Resorts Ltd have won the private merger and acquisition Deal of the Year at the 4th annual conference of the Private Capital Markets Association (PCMA). Crosbie advised on the sale of a 50 percent interest in Blue Mountain, an Ontario ski and mountain adventure resort that was originally […]

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News June 2014

Canadian M&A Activity Drops in First Quarter

From already-low levels, Canadian M&A activity slipped even further in the first quarter of 2014, according to the latest data from mid-market investment bank, Crosbie & Co. The firm reports that there were just 189 deal announcements, valued at $31.1 billion, in the first quarter, down from 262 deals worth $35.2 billion in the fourth […]

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News April 2014

Canada: M&A Activity Bolstered By Financial Sponsors and Real Estate Sector

Crosbie & Company recently released its Canadian M&A Activity – Fourth Quarter 2013 Report. The report explains that while M&A activity in Q4 didn’t deviate much from the year’s previous quarters, suggesting a relatively stable year from a numbers perspective, a closer look at 2013 deal activity as a whole tells a slightly different story. […]

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News March 2014

Real Estate and Financial Sponsors Underpin M&A Activity

Were it not for real estate and the role played by financial sponsors, the mergers and acquisitions business in 2013 would have been considerably bleaker. That’s the key conclusion from a report prepared by Crosbie & Co. that is being published Friday. “The mix of deals in the Canadian M&A market has really shifted in […]

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News March 2014

Crosbie Sees “Ingredients” for Stronger Canadian M&A in 2014

Activity in Canada’s merger and acquisition market remained flat in the fourth quarter of 2013, reports Crosbie & Co. The Financial Post Crosbie: Mergers & Acquisitions in Canada database found 240 deals with a total value of $33.5 billion in this period, down 37% year over year. For the entire of 2013, M&A values totaled […]

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News January 2014

HIG Growth Partners invests in CDI Computer Dealers

HIG Growth Partners said Monday that it has completed making an undisclosed strategic investment in CDI Computer Dealers Inc in partnership with the company’s owners and management team. Headquartered in Markham, Ontario, CDI is a refurbisher and remarketer of information technology equipment to educational institutions. Update: HIG Growth Partners is an affiliate of U.S. private […]

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News January 2014

First Nation’s Casino Bond Financing Breaks New Ground

It took a while to educate investors, but it worked and Alberta’s successful First Nation-owned River Cree casino is raising $200-million in a ground-breaking bond deal. The big news here is this is the first bond deal by a Canadian First Nations-owned business that does not have a government guarantee. The high-yield notes were snapped […]

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News January 2014

Enoch Cree Nation and River Cree Enterprises Announce Acquisition of Sole Ownership of River Cree Resort and Casino

Enoch, AB, January 15, 2014 – The Enoch Cree Nation, together with River Cree Enterprises, announced today that they have acquired sole ownership of the River Cree Resort and Casino following the completion of the purchase of the minority interest in the Resort held by Paragon Gaming. In addition, River Cree Enterprises announced the issuance […]

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M&A Reports December 2013

Crosbie & Company Canadian Mergers & Acquisitions Yearly Report for 2013

The Canadian M&A market took a step backwards in 2013 after several years of strong and steady deal volumes. Analysis prepared by Crosbie & Company using Capital IQ and other sources indicated 2,548 announcements in 2013, down 10% from 2012. In terms of value, M&A announcements declined $19B to $194B in 2013, a 9% year […]

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News December 2013

Canadian SMEs Snapping up U.S. Companies

More than five years after the 2008 credit crisis, Canadian M&A activity stubbornly remains well below its peak 2007 levels. But, while more sluggish than the feeding frenzy of six years ago, it does look as if acquisitions are starting to pick up the pace again according to new data compiled by investment bank Crosbie […]

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News December 2013

Three Ways to Make Your Business More Attractive to Investors

Before Wehuns Tan caught the attention of a major venture capital firm, he and his team had big plans. As CEO of Toronto-based Wishabi, Mr. Tan saw a pent-up demand for a digital flyer experience on mobile. He wanted to give consumers a new way to shop and save, and also give retailers a different […]

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News November 2013

Canadian M&A in Q3: Fewer Deals but Higher Value

Crosbie & Co. has crunched the numbers and the sluggish tone of the Canadian mergers and acquisitions continued in the recently completed third quarter. Not only were the number of announcements in the quarter (205) the lowest level since the bottom of the cycle (the first quarter of 2009) but the year-to-date announcements (666) were […]

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News November 2013

Canadian M&A Activity Remains Slow

Canadian merger and acquisition activity remained lacklustre in the third quarter, according to the latest data from Crosbie & Co. The Toronto-based investment bank says that the M&A data for the third quarter show that the sluggish tone of the Canadian M&A market continued. There were just 205 deals announced in the quarter, which is […]

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News November 2013

Financing Business Deals Means Mastering a Delicate Dance

When Mainstream Renewable Power Ltd. was asked to help IKEA Canada build 20 wind turbines in Alberta, Saad Qais knew that for him, it would be all about the money. “These are capital-intensive projects, and most people in our situation will go for bank financing,” says Mr. Qais, who is vice-president of corporate finance for […]

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News November 2013

Private Investor Takes Cosmetics Company to Next Level

Deals with Canadian firms are being closed by large and sophisticated investors that, at first glance, seem to fall well below the revenue threshold usually required for a chat over lunch – never mind an acquisition. Private equity and strategic buyers are dipping their nets into shallower waters and scooping up small companies. U.S. investors, […]

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News October 2013

What to do When the Kids Don’t Want the Company

Contrary to historic trends, family business owners are no longer automatically passing the torch to the next generation. They want a nice return for all their years of hard work, and they are contemplating succession in ways that differ from past generations. Mike McCarron, one of the founding partners of MSM Transportation, which was sold […]

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News September 2013

M&A Activity in Second Quarter: Better, but Still Muddling Along

The investment bankers may complain about the lack of M&A activity but a recent report shows that there has been a “modest rebound.” According to Crosbie & Co. Inc. 224 transactions representing $44.7-billion in total value were announced in the second quarter — or 9.4% more activity and 52% more value than in the first […]

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News July 2013

Waiting for the M&A Renaissance

When will the highly anticipated revival in the merger and acquisition market take place? How much longer will venture capital and PE firms with aging portfolio assets have to wait before strategic investors are ready and willing to buy them? These questions have been asked repeatedly since the 2007 financial crisis cast a pall over […]

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News May 2013

EMDA Announces Deal of the Year Winners

The Toronto-based Exempt Market Dealers Association of Canada announced the winners of its 2013 EMDA Awards – Exempt Market Deals of the Year on Wednesday. The nine awards recognize significant exempt market transactions made by exempt market dealers (EMD). The awards are given out to EMDs based on their leadership in the industry, contribution to […]

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News April 2013

Good Lawyers Get Up Close and Personal with Family Businesses

David Simpson knows all too well the tough battles that need to be fought to successfully transition a family business. He has worked with many of Canada’s leading family businesses and he has worked in one himself, with his brother. He now teaches the next generation of entrepreneurs at the Richard Ivey School of Business […]

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News February 2013

Is Your Business Ready to Move on Without You?

You could ask business owners a million questions about their succession plans. Most of them are keenly aware of the importance of this one: “What happens to the business, and to your family, if you are no longer able to lead an active role in the company?” But succession planning often takes a back seat […]

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M&A Reports December 2012

Crosbie & Company Canadian Mergers & Acquisitions Yearly Report for 2012

The Canadian M&A market exhibited continued strength in 2012 as the effects of the financial crisis continued to fade. Figures from Crosbie & Company and Capital IQ indicated that there were 2,822 announcements in 2012, down 6% from 2011. However, in terms of value, M&A announcements increased $20B to $213B in 2012, a 10% year […]

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News December 2012

Private Equity’s Role in Mid-Market Transactions in North America

All market participants have views on certain matters but until those views are researched they remain opinions without facts. Toronto-based Crosbie & Co. Inc., which defines itself as a specialty investment banking firm, has now filled a potential void on the importance of private equity to the mid-market. The firm, which has been around for […]

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News November 2012

Canada M&A Deals Drop 15 Pct in Q3 as Sellers Wait

TORONTO, Nov 14 (Reuters) – The volume of merger and acquisition activity in Canada slowed 15 percent in the third quarter from the second as market uncertainty held back prospective deals, though a blockbuster bid by China’s CNOOC Ltd for oil producer Nexen Inc helped boost the overall value of transactions, a report showed on […]

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News November 2012

M&A Activity Down Sharply in Third Quarter: Crosbie

Slowdown generated the fewest number of quarterly announcements in three and a half years. Canadian merger and acquisition activity dropped sharply in the third quarter, with the volume of deals down 15% quarter over quarter, and down 25% over the previous third quarter, according to the latest data from Crosbie Co. The firm reports that […]

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News September 2012

M&A Activity Softens Amid Economic Uncertainty

Canadian merger and acquisition activity continued its slide in the second quarter amid ongoing economic uncertainty, mid-market investment bank Crosbie & Co. reports. The firm said on Wednesday that the Canadian M&A market experienced its second straight quarter-over-quarter slowdown this year, with 222 transactions announced in the second quarter, which is a 14% reduction in […]

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News May 2012

M&A Deal Value Surges in First Quarter: Crosbie

The number of merger and acquisition transactions dropped in the first quarter of the year, but the value of those deals rose substantially, driven by a number of large deals, according to the latest data from Crosbie & Co. The value of Canadian M&A surged by 51% to $50.7 billion from $33.5 billion worth of […]

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News May 2012

Real Estate’s Hot but Canadian M&A Activity Down Overall Last Year

In a year marked by low interest rates and volatility on the capital markets, real estate deals dominated the Canadian mergers and acquisitions story in 2011. With 233 transactions, the sector was the most active for the year as a whole, according to a Financial Post Crosbie Mergers & Acquisitions in Canada report published Wednesday. […]

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M&A Reports December 2011

Crosbie & Company Canadian Mergers & Acquisitions Yearly Report for 2011

The Canadian M&A market improved for the third consecutive year in 2011 as it began to recover from the global financial crisis. Figures from Crosbie & Company and Capital IQ indicated that there were 3,004 announcements in 2011, a year over year increase of 6%. In terms of value, M&A announcements increased $36B to $193B […]

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News December 2011

‘Respectable’ Canadian M&A Activity Comes in at $45.5-Billion for Q3

Canadian dealmakers soldiered on during the third quarter of the year, relatively undeterred by global market volatility. The number of deals and total value of Canadian mergers and acquisitions were down about 15% compared to the second quarter but still within the range of activity seen since the start of 2010, a report released Thursday […]

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News December 2011

M&A Activity Eases in Third Quarter: Crosbie

Canadian merger & acquisition activity dropped in the third quarter coming off a particularly strong second quarter, according to the latest data from Crosbie & Co. The mid-market investment bank reports that there were 251 M&A transactions announced in the third quarter in Canada, for a total value of $45.5 billion. This is down 14% […]

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News August 2011

Pension Funds Lead M&A Activity

Pension funds have been active in mergers and acquisitions (M&A) for the second quarter of 2011, reports the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Financial sponsors had 12 mergers and acquisitions over $100 million in the second quarter of 2011, nine of which involved pension funds. The 12 transactions were valued at […]

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News August 2011

Canadian M&A Activity Surges Back, Totals $51.2b in Second Quarter

With a multitude of billion-dollar-plus deals and pension funds investing around the world, Canadian mergers and acquisitions activity stormed back from a disappointing first quarter to total $51.2-billion in the second quarter of the year. The value of the 280 transactions announced in Q2 represented a 74% increase over the $29.4- billion from the 235 […]

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News August 2011

Mega Deals, Pension Funds Lift Canadian M&A Activity

Canadian merger and acquisition activity rose notably in the second quarter, according to the latest data from Toronto-based investment banking firm Crosbie & Co. Inc. The firm reports that there were 280 transactions announced in the quarter for a total value of $51.2 billion. This represents a 19% increase in M&A activity and a 74% […]

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News June 2011

Canadian M&A on ‘Pause’ as Mega-deals Decline

The high-profile proposed merger between London Stock Exchange Group Plc and TMX Group Inc. couldn’t save the Canadian mergers and acquisitions market from a reporting the lowest level of activity since Q2 2009 in the first quarter of this year. There were 228 transactions announced in the first quarter of 2011 worth $38-billion, a 30% […]

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News June 2011

Sleepy Beginning to 2011 for M&A

This year is off to a slow start for mergers and acquisitions. For the first time in four quarters, M&A volumes declined in the first quarter, according to a report from investment banking firm Crosbie & Co. There were 228 transactions with a value of $38-billion announced in the first quarter, compared with 328 deals […]

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News March 2011

M&A Activity Surged in Q4

The Canadian M&A market continued its momentum into the fourth quarter of 2010, making it the third successive quarter of increased M&A activity in terms of both transaction volume and value, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Riding on the back of the announcement of 302 transactions, the value […]

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News March 2011

Canadian M&A Activity Rises in Fourth Quarter

Canadian merger and acquisition activity rebounded in 2010, according to the latest data from mid-market investment bank Crosbie & Co. M&A activity rose again in the fourth quarter of 2010, the third successive quarter of increased transaction volume and value, Crosbie said Monday. The value of M&A transactions increased by 12%, it reports, as 302 […]

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News March 2011

Pensions, Banks Led M&A Charge in Q4

The Canadian dealmaking market closed out 2010 on a high note, posting a 12% rise and the third straight quarter overall of increased activity as banks and pension funds shelled out for some of the biggest deals on record, the latest report from the Financial Post Crosbie M&A database said Monday. During the quarter, Canadian […]

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News November 2010

Canadian M&A Strongest in Three Years

Canadian mergers and acquisitions posted their strongest performance in three years during the third quarter, buoyed by mega-deals and cross-border transactions. The total value of M&As in the country rose more than 40% during that timeframe, reaching $48-billion from the $34-billion seen in the second quarter. The data was compiled from the Financial Post Crosbie: […]

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News August 2010

Canadian M&A Activity Rebounds in Q2 – Crosbie

The value of mergers and acquisitions in Canada in the second quarter rose 44 percent from the first quarter, climbing back to levels seen before the world economic crisis, investment bank Crosbie & Co said on Tuesday. Crosbie said 255 transactions totaling C$34.8 billion ($32.8 billion) were announced in the second quarter, compared with 258 […]

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News August 2010

M&A in Canada Up 44% in Second Quarter: Report

Mergers and acquisitions in Canada in the second quarter were up in both dollar value and amount compared with last year on some major cross-border deals, according to a report from investment firm Crosbie & Co. Inc. on Tuesday. During the latest quarter, the Financial Post Crosbie: Mergers & Acquisitions in Canada database tracked 255 […]

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News June 2010

Takeover Activity Falters in First Quarter

Canadian takeover activity fell in the first quarter of 2010 on a dearth of $1-billion-plus mega deals, the first decline in merger and acquisition activity in a year. The total number of deals last quarter fell to 246, with a total value of $19.7-billion, down from 285 and a total $34.4-billion in the fourth quarter […]

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News March 2010

GETTING PERSONAL CANADA: Pension Funds Leading M&A Revival

Merger-and-acquisition activity is rebounding in Canada, with pension funds and government owned utilities leading the way. There were 254 transactions announced in the fourth quarter of 2009 with a value of C$33 billion — up 9% from the third quarter and 52% from the first quarter, the period widely seen as the nadir for M&A […]

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News December 2009

M&A Activity on the Rebound

Merger and acquisition activity strengthened in Canada over the third quarter, reinforcing the notion that financial markets have stabilized. It was the second consecutive quarterly increase in M&A activity, according to investment bank Crosbie & Company Inc. There were 221 deals announced in Q3, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada […]

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News November 2009

Canada’s M&A Volume Climbs Again in Q3 – Crosbie

The number of mergers and acquisitions announced in Canada rose 12 percent in the third quarter, the second straight quarterly increase, while the value of transactions surged 27 percent, investment bank Crosbie & Co said on Monday. There were 221 deals announced in the quarter, valued at C$30.2 billion ($28.6 billion), according to data compiled […]

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News November 2009

M&A Activity Jumps in Q2

The volume and value of deals in the Canadian M&A market rose in the second quarter, investment bank Crosbie & Co. Inc. reported on Monday. The firm says that there were 221 transactions announced in the third quarter, up 12% from the previous quarter. The value of deals also rose to $30.2 billion, up 27%. […]

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News September 2009

M&A Deal Value Drops in Fourth Quarter: Crosbie

The number of M&A deals rose in the fourth quarter, but the value of the deal activity dropped, leaving M&A activity down for the year overall, according to the latest data from Toronto-based investment bank, Crosbie & Co. The firm said Wednesday there were 266 transactions, worth $33.4 billion, announced in the last quarter of […]

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News September 2009

Canada’s M&A Volume Rebounds in Q2 – Crosbie

OTTAWA, Sept 10 (Reuters) – The number of mergers and acquisitions announced in Canada rose 28 percent in the second quarter, snapping three consecutive quarters of decline, but the value of transactions slumped 48 percent, investment bank Crosbie & Co said on Thursday. There were 205 transactions announced in the quarter, valued at C$24.9 billion […]

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News September 2009

Number of Deals Jumps, but Value of Deals Plunges, Crosbie & Co. Reports

The number of M&A deals announced in Canada in the second quarter jumped, but the value of those deals plunged, according to the latest data from mid-market investment bank, Crosbie & Co. The firm reported on Thursday that the Canadian M&A market ended three consecutive quarters of declining deal activity in the second quarter with […]

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News June 2009

Number of Takeovers and Mergers Falls to Six Year Low, Study Finds

TORONTO – The number of mergers and acquisitions involving Canadian companies fell to a six-year low in the first quarter, according to a study published Tuesday by Crosbie & Co. The Toronto-based investment bank said a total of 153 transactions were announced in the first three months of 2009, the lowest since the first quarter […]

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News February 2009

Canada M&A Deals Plunge in Fourth Quarter: Crosbie

OTTAWA (Reuters) – The value and number of mergers and acquisitions in Canada fell sharply in the fourth quarter as market conditions and economies deteriorated, investment bank Crosbie & Co. said on Friday. There were 271 transactions announced in the quarter, a four-year low, valued at C$17.8 billion ($14 billion), the report said. That represents […]

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News February 2009

Deal-Making Slowed in Q4

It was a bad year on so many levels, but the strikes against 2008 continue to add up. The final quarter of last year marked the lowest point since 2005 for mergers and acquisitions, according to specialty investment banker Crosbie & Company. There were a total of 271 new transactions announced in Q4, a decline […]

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