OK Tire Guelph Ownership Team Acquires OK Tire Kitchener Location

Inland Truck & Equipment Acquires Edmonton Kenworth

April 2, 2026

Industrial Services

Inland Truck & Equipment Ltd. has acquired Edmonton Kenworth Ltd., effective April 1, 2026, entering Alberta with a new network of six locations across Northern Alberta. The acquisition expands Inland’s Western Canada footprint from British Columbia and the Yukon to Manitoba while supporting fleets that operate across provincial boundaries.

Toromont Industries Acquires Tri-City Equipment Rentals

September 11, 2024

Industrial Services

Toronto-based Toromont Industries Ltd. has acquired Tri-City Equipment Rentals, a Guelph, Ontario heavy equipment rental operator with locations across Southwestern Ontario. The acquisition expands Toromont Cat's heavy rental footprint and creates a rental hub in southwestern Ontario; Tri-City's president, Jeff Armishaw, will join Toromont as a strategic advisor.

Team Group Acquires S.&T. Group

September 6, 2024

Industrial Services

Team Group, a global facility management and industrial services provider, has acquired S.&T. Group, a multi-trade contracting and maintenance business serving Northern Ontario. The deal expands Team Group's presence in the Algoma District and brings in S.&T.'s electrical, HVAC, plumbing, data and general contracting capabilities while retaining the target's existing management and employees.

Canada Cartage Acquires The GTI Group to Enter U.S. Market

November 27, 2023

Logistics & Distribution

Canada Cartage Corporation has entered into a definitive agreement to acquire The GTI Group, a Montreal-based logistics provider offering brokerage, freight management, forwarding, drayage, intermodal, warehousing and specialized heavy/oversize trucking. The deal expands Canada Cartage’s service capabilities and marks its first entry into the U.S. market, with GTI’s U.S. offices in Houston, Des Moines and Franklin, Tennessee; the combined company is expected to generate over C$1 billion in annual revenue.

The Mufflerman Inc. Acquires EuroMechanic (5 GTA & Guelph Locations)

November 14, 2023

Automotive

The Mufflerman Inc., a portfolio company of Argyle Capital Partners, acquired five EuroMechanic-branded automotive repair and tire locations in the Greater Toronto Area and Guelph from Carflex, Inc. The deal, which closed on November 3, 2023, expands The Mufflerman's multi-brand network and adds niche European-vehicle repair capability while EuroMechanic will continue to operate as a distinct division.

Carlsberg Group Acquires Waterloo Brewing

March 7, 2023

Food & Beverage

The Carlsberg Group completed its acquisition of Waterloo Brewing Ltd., finalised on March 7, 2023, following shareholder approval. The all-cash transaction (C$144 million) brings Waterloo's Kitchener brewing and RTD production capabilities into Carlsberg's portfolio to accelerate growth in the Canadian market and produce some Carlsberg brands locally.