Tracked deals
15
15 tracked deals across 2020-2026.
Who's Buying E-Commerce Companies in Canada
Buyer mix
Mixed buyer set
13 strategic · 8 pe
Top trend
Volume peaked in 2022
4 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| AutoScout24 | 1 | Pan-European online automotive marketplace operator offer... | Strategic (PE-backed) |
| B Capital Group | 1 | Multi-stage global investment firm that invests in techno... | PE |
| BGE Indoor Air Quality Solutions | 1 | Provider of filtration and indoor air quality (IAQ) solut... | Strategic |
| Bassett Furniture Industries, Inc. | 1 | Manufacturer and marketer of home furnishings with a netw... | Strategic |
| Canadian Business Growth Fund (CBGF) | 1 | Growth equity fund providing long-term, minority capital ... | PE |
| Circle Graphics | 1 | Producer of digital graphics and online wall décor; opera... | Strategic (PE-backed) |
| Commerce Ventures | 1 | Early-stage venture capital firm focused on investing in ... | PE |
| GrubMarket | 1 | AI-powered technology and digital supply-chain platform c... | Strategic |
| H.I.G. Capital | 1 | Global private equity and alternative investment firm inv... | PE |
| Hellman & Friedman | 1 | Private equity firm investing across sectors; existing ma... | PE |
Acquisition Volume in E-Commerce in Canada by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- GrubMarket
- Target
- Sustainable Produce Urban Delivery Inc. (SPUD)
- Seller
- Third Eye Capital (TEC)
- Industry
- E-Commerce
- Location
- British Columbia, Canada
- Type
- Buyout
GrubMarket completed its acquisition of Vancouver, British Columbia–based Sustainable Produce Urban Delivery Inc. (“SPUD”), an online grocery service with distribution centers across British Columbia and Alberta. The deal expands GrubMarket’s B2C e-commerce reach in Canada, while SPUD’s leadership team continues managing the business.
-
August 16, 2024
- Buyer
- AutoScout24, Hellman & Friedman
- Target
- TRADER Corporation
- Seller
- Thoma Bravo
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Buyout
AutoScout24 has signed an agreement to acquire TRADER Corporation (TRADER Canada) from Thoma Bravo, with funds affiliated with existing majority shareholder Hellman & Friedman making an incremental equity investment in AutoScout24. The acquisition expands AutoScout24's presence into Canada and adds TRADER's leading marketplaces (AutoTrader.ca, AutoHebdo.net), dealer software (AutoSync), lender portal (DealerTrack) and collateral management services to its product set.
-
June 26, 2024
- Buyer
- HostPapa
- Target
- BrandPa
- Industry
- E-Commerce
- Location
- Canada
- Type
- Buyout
Web hosting and cloud services provider HostPapa has acquired premium AI domain marketplace BrandPa. The deal is described as improving opportunities for BrandPa’s domain sellers via HostPapa’s existing web hosting customers, along with better payment options and support; deal terms were not disclosed.
-
- Buyer
- Relationshop
- Target
- Mercatus Technologies, Stor.ai
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Buyout
Relationshop has finalized a merger combining Toronto-based Mercatus Technologies and Tel Aviv-based Stor.ai into a single company called Mercatus, which will operate as a wholly owned subsidiary of Relationshop. The combined business unifies Mercatus’ enterprise grocery eCommerce platform with Relationshop’s data-driven shopper engagement and personalization capabilities to deliver an integrated connected-commerce solution for regional grocers and independents globally.
-
January 4, 2023
- Buyer
- Sleep Country Canada Holdings Inc.
- Target
- Silk & Snow Inc.
- Seller
- Silk & Snow Inc.
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Buyout
On January 4, 2023, Sleep Country Canada Holdings Inc. closed the acquisition of substantially all assets of Silk & Snow Inc. for approximately C$24 million in cash plus up to C$19.45 million in contingent cash consideration. The deal brings a fast-growing Toronto-based direct-to-consumer sleep and lifestyle brand into Sleep Country’s portfolio to expand its DTC e-commerce capabilities and product offering.
-
November 4, 2022
- Buyer
- KCM Capital Partners LLC, Prairie Capital VII (Prairie Capital), Royal Distributing management (Jordan Smart and Scott Spark)
- Target
- Royal Distributing
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Recapitalization
On November 4, 2022 KCM Capital Partners and Prairie Capital (Prairie Capital VII), in partnership with Royal Distributing management, completed a recapitalization of Royal Distributing, an omnichannel Canadian powersports aftermarket retailer and distributor. The transaction will support company-building initiatives — including investments in people, sales & marketing, technology and infrastructure — and fund add-on acquisitions to accelerate growth.
-
September 6, 2022
- Buyer
- Bassett Furniture Industries, Inc.
- Target
- Noa Home Inc.
- Seller
- Jeremy Kopek, Jean-Claude Renaud
- Industry
- E-Commerce
- Location
- Quebec, Canada
- Type
- Buyout
Bassett Furniture Industries, Inc. acquired the capital stock of Noa Home Inc., a Montreal-based mid-priced e-commerce furniture retailer with operations in Canada, Australia, Singapore and the U.K. The purchase included approximately C$2.0 million in cash to the co-founders and C$5.7 million to repay debt; Bassett said the deal will expand its digital commerce capabilities and help attract digitally native consumers.
-
August 12, 2022
- Buyer
- Pantastic Networks
- Target
- LimeSpot Solutions Inc.
- Industry
- E-Commerce
- Location
- British Columbia, Canada
- Type
- Buyout
Pantastic Networks acquired LimeSpot Solutions Inc., an AI-powered ecommerce personalization application used by thousands of Shopify and BigCommerce merchants. The deal adds LimeSpot's recommendation, segmentation and Google Shopping optimization products to Pantastic's suite, expanding its capabilities across the customer journey for independent ecommerce brands.
-
- Buyer
- Pantastic, B Capital Group, Commerce Ventures
- Target
- UpOrder, CartHook Post Purchase Offers
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Addon
Pantastic raised $18 million in equity and debt financing led by B Capital Group with participation from Commerce Ventures and used the proceeds to acquire two post-purchase Shopify tools: Canada-based UpOrder and CartHook Post Purchase Offers. The deals expand Pantastic’s post-purchase product suite to accelerate commercial growth and product development; Howard Morgan of B Capital Group will join Pantastic’s board.
-
August 6, 2021
- Buyer
- WeCommerce Holdings Ltd.
- Target
- Archetype Themes Inc.
- Industry
- E-Commerce
- Location
- Quebec, Canada
- Type
- Buyout
WeCommerce Holdings Ltd. signed a definitive agreement to acquire substantially all of the assets of Archetype Themes Inc. for US$20.0 million upfront plus contingent consideration of up to US$12.0 million (total consideration up to US$32.0 million). Archetype is a leading designer of premium Shopify themes (used by over 60,000 merchants); the acquisition expands WeCommerce's portfolio of Shopify-focused technology businesses and theme offerings.
-
- Buyer
- Circle Graphics, H.I.G. Capital
- Target
- Canvaspop
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Addon
Circle Graphics, a portfolio company of H.I.G. Capital, has acquired Workshop X, Inc. dba Canvaspop, an Ottawa-based online retailer of personalized wall décor. The add-on acquisition expands Circle's portfolio of direct-to-consumer online properties and aims to accelerate Canvaspop's product, service and international growth.
-
- Buyer
- High Tide Inc., High Tide USA Inc.
- Target
- DHC Supply LLC operating as Daily High Club (Daily High Club)
- Industry
- E-Commerce
- Location
- Alberta, Canada
- Type
- Buyout
High Tide Inc. completed the acquisition of DHC Supply LLC, which operates as Daily High Club, acquiring 100% of the issued and outstanding shares through its U.S. subsidiary, High Tide USA Inc. The deal adds Daily High Club’s subscription-box customer base, social followings, and brand equity to High Tide’s U.S. e-commerce portfolio focused on consumption accessories.
-
June 30, 2021
- Buyer
- BGE Indoor Air Quality Solutions
- Target
- Clean Air Club Incorporated
- Seller
- Damon Atwood, Lauren Mintoff
- Industry
- E-Commerce
- Location
- Alberta, Canada
- Type
- Buyout
BGE Indoor Air Quality Solutions (BGE) acquired Clean Air Club Incorporated, a subscription-based direct-to-consumer e-commerce business that delivers replacement home furnace filters. The acquisition closed on June 30, 2021; Clean Air Club co-founders Damon Atwood and Lauren Mintoff will remain involved as advisors during the transition. BGE said it will continue operating the Clean Air Club in Edmonton and expand the business into additional geographic markets.
-
June 2, 2020
- Buyer
- Canadian Business Growth Fund (CBGF)
- Target
- MaxSold Incorporated
- Industry
- E-Commerce
- Location
- Ontario, Canada
- Type
- Growth capital
Canadian Business Growth Fund (CBGF) completed a growth equity investment in MaxSold Incorporated to accelerate the downsizing and estate-sale marketplace’s growth and cross-border expansion. The funding will support market expansion, product investment and increased scale across Canada and the United States.
-
January 13, 2020
- Buyer
- Tritium Partners
- Target
- ToursByLocals
- Industry
- E-Commerce
- Location
- British Columbia, Canada
- Type
- Growth capital
Austin-based private equity firm Tritium Partners invested CAD 33 million in Vancouver-headquartered ToursByLocals to accelerate product, technology, marketing and hiring as the private tours marketplace scales. The investment is growth capital intended to support the company's global marketplace of more than 4,100 guides operating in 160+ countries.
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