Tracked deals
67
67 tracked deals across 2020-2026.
Who's Buying Financial Services Companies in Canada
Buyer mix
Strategic-led
56 strategic · 15 pe
Top trend
Volume peaked in 2026
22 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Institutional banks and investors show up repeatedly, including National Bank of Canada, Scotiabank, and investor groups led by Blackstone and La Caisse.
- Technology-enabled lending and servicing capabilities appear in deals like Solifi’s acquisition of Inovatec’s cloud-based lending platform.
- Wealth management and trust are recurring targets, including National Bank of Canada (via Natcan Trust Company) acquiring Truvera Trust.
- Insurance brokerage consolidation is represented by Arthur J. Gallagher & Co. acquiring Wilson M. Beck Insurance Services in British Columbia.
- Geographic activity is visible across British Columbia, Quebec, and Ontario, with several transactions explicitly tied to those provinces.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| National Bank of Canada | 3 | Large Canadian bank offering personal and commercial bank... | Strategic |
| Hub International Limited | 2 | Global full-service insurance broker providing property &... | Strategic (PE-backed) |
| Mogo Inc. | 2 | Digital payments and fintech company offering mobile fina... | Strategic |
| ATB Financial | 1 | Alberta-based financial institution operating personal an... | Strategic |
| Amynta Group | 1 | Insurance services company and underwriting-focused group... | Strategic |
| Arthur J. Gallagher & Co. | 1 | Global insurance brokerage, risk management, and consulti... | Strategic |
| Audax Private Equity | 1 | North American middle-market private equity platform usin... | PE |
| B. Riley Advisory Services | 1 | Specialty business advisory and valuation services provid... | Strategic |
| B. Riley Financial, Inc. | 1 | Diversified financial services platform with affiliated c... | Strategic |
| BMO Capital Partners | 1 | Private equity arm of BMO Financial Group that makes cont... | PE |
Acquisition Volume in Financial Services in Canada by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 2, 2026
- Buyer
- Solifi
- Target
- Inovatec Systems Corporation
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Solifi acquired Inovatec Systems Corporation, a cloud-based lending technology provider, to expand Solifi’s unified secured-finance platform across the automotive, powersports, and specialty finance lending lifecycle. The combination pairs Inovatec’s Propel digital portal, loan origination, and loan management capabilities with Solifi’s broader secured-finance technologies for originations, servicing, risk, compliance, and portfolio management.
-
August 11, 2026
- Buyer
- Blackstone, La Caisse de dépôt et placement du Québec (La Caisse), PSP Investments, British Columbia Investment Management Corporation (BCI)
- Target
- Aeroplan Inc.
- Seller
- Air Canada
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Growth capital
Air Canada announced a $2.5 billion minority equity investment in Aeroplan, with funds managed by Blackstone and La Caisse leading an investor group. The group will acquire a 25% non-controlling equity interest valued at $10 billion, while Air Canada retains full operational control and a controlling ownership stake.
-
- Buyer
- Gryphin Advantage
- Target
- Groupe Financier Boulos (Quebec MGA)
- Seller
- Mac Boulos (founded Boulos; mentioned as founder), Roger Boulos, Robert Boulos
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Addon
Gryphin Advantage, an Ontario-based MGA, has acquired Quebec MGA Groupe Financier Boulos. The deal expands Gryphin’s reach into Quebec and is intended to help Boulos advisors benefit from Gryphin’s technology, compliance, and advisor development resources, while Boulos continues operating under its own name in the short term.
-
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Wilson M. Beck Insurance Services Inc.
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Arthur J. Gallagher & Co. announced it has acquired Burnaby, British Columbia-based Wilson M. Beck Insurance Services (WMB). The deal terms were not disclosed. WMB provides retail insurance brokerage to commercial clients across Western Canada, and the acquisition is expected to enhance Gallagher’s retail brokerage capabilities in Canada.
-
- Buyer
- National Bank of Canada, Natcan Trust Company
- Target
- Truvera Trust Corporation
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
National Bank of Canada, through its subsidiary Natcan Trust Company (National Bank Trust), has signed an agreement to acquire British Columbia-based trust company Truvera Trust Corporation. The acquisition is intended to expand National Bank Trust’s wealth management capabilities and strengthen its presence in Western Canada, with the transaction expected to close in the coming months subject to regulatory approvals.
-
- Buyer
- Parvis Invest Inc.
- Target
- Atlas One Digital Securities Inc.
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Parvis Invest Inc. has entered into a definitive share purchase agreement to acquire 100% of Atlas One Digital Securities Inc., a registered exempt market dealer operating across Canada. The transaction is subject to customary closing conditions, including required regulatory approvals and TSX Venture Exchange approval.
-
July 3, 2026
- Buyer
- Ocehan LLC
- Target
- Sun Life Financial Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Ocehan LLC has filed an unsolicited mini-tender offer to purchase up to 100,000 common shares of Sun Life Financial Inc. Sun Life cautioned shareholders that the offered price is significantly below recent market prices and does not recommend or endorse acceptance. Shareholders are not required to tender their shares and can review the offer documents and options available to them.
-
- Buyer
- Berkshire Partners, Audax Private Equity
- Target
- Harbourfront Wealth Group
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Growth capital
Harbourfront Wealth Group entered into a definitive agreement to receive a strategic investment from Boston-based private equity firm Berkshire Partners. The deal values Harbourfront at C$1.775 billion, with closing expected in the second half of 2026 and Audax Private Equity retaining a significant interest.
-
- Buyer
- Deutsche Bank AG
- Target
- Agnico Eagle Mines Limited
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Growth capital
Deutsche Bank AG increased its stake in Agnico Eagle Mines Limited by 4.2% during the fourth quarter, acquiring an additional 345,362 shares. Following the purchase, Deutsche Bank held 8,570,961 shares, representing approximately 1.71% of Agnico Eagle Mines.
-
June 1, 2026
- Buyer
- CI Global Asset Management
- Target
- Invesco Ltd.'s Canadian investment fund business (management agreements relating to Invesco’s Canadian fund business)
- Seller
- Invesco Ltd.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
CI Global Asset Management (CI GAM), a subsidiary of CI Financial Corp., completed its acquisition of the management agreements relating to Invesco’s Canadian fund business. The deal makes CI GAM the manager of 98 mutual funds and exchange-traded funds previously offered by Invesco Canada, with Invesco affiliates continuing as sub-advisers/portfolio managers for 61 funds under a long-term strategic partnership.
-
May 29, 2026
- Buyer
- Fairstone Bank of Canada, National Bank of Canada
- Target
- Laurentian Bank of Canada
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Buyout
Fairstone Bank of Canada has received approval from the federal Minister of Finance to acquire all issued and outstanding common shares of Laurentian Bank of Canada. The transaction is expected to close by late 2026, alongside National Bank of Canada’s acquisition of Laurentian’s retail and SME banking portfolios.
-
- Buyer
- Scotiabank
- Target
- Maple Financial Group’s mortgage business
- Seller
- Maple Financial Group
- Industry
- Financial Services
- Location
- Canada
- Type
- Buyout
Scotiabank said its 2024 acquisition of Maple Financial Group’s mortgage business is not expected to materially impact earnings in the near term. The deal is intended to expand Scotiabank’s presence in the Canadian mortgage market, with near-term focus on integrating operations and improving customer reach rather than immediate revenue growth.
-
- Buyer
- Eric Sprott
- Target
- Rio Silver Inc.
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Growth capital
Rio Silver Inc. has closed a non-brokered private placement, issuing 8,571,429 units at $0.35 per unit for gross proceeds of $3.0 million. The lead investor is Eric Sprott, via 2176423 Ontario Ltd., which acquired 5,714,285 units for total consideration of $2.0 million.
-
March 23, 2026
- Buyer
- Desjardins Global Asset Management Inc., Desjardins Group
- Target
- Guardian Capital Group Limited
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Desjardins Group, through Desjardins Global Asset Management Inc. (DGAM), completed its $1.67 billion take-private acquisition of Guardian Capital Group Limited. DGAM acquired all issued and outstanding common and Class A shares of Guardian for C$68.00 per share (excluding rollover shares), and the combined platform now oversees about C$280 billion in assets under management and advisement.
-
- Buyer
- Summit Royalties Ltd.
- Target
- Star Royalties Ltd.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Summit Royalties Ltd. agreed to acquire Star Royalties Ltd. via a court-approved plan of arrangement under Canada’s CBCA. The transaction will be structured as an exchange of 0.360 Summit shares for each Star share, and is expected to close in Q2 2026 (and was later announced as successfully completed on July 3, 2026).
-
March 14, 2026
- Buyer
- Charlesbank Capital Partners
- Target
- Overbay Capital Partners
- Industry
- Financial Services
- Location
- Canada
- Type
- Growth capital
Overbay Capital Partners entered into a definitive agreement for a strategic growth investment from funds managed by Charlesbank Capital Partners. The partnership is expected to close in mid-2026, subject to customary closing conditions and regulatory approval, and is designed to help Overbay add investment and investor relations talent while expanding its technology and data infrastructure.
-
March 9, 2026
- Buyer
- autologiQ Inc.
- Target
- FIX4 Capital Lending Inc. (dealer network and repair financing originations)
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Divestiture
autologiQ, a Canadian vehicle management platform, acquired FIX4 Capital Lending’s dealer network and repair financing origination operations. The deal expands autologiQ’s advisory services and adds repair finance and insurance solutions for Canadian automotive dealerships, using autologiQ’s AI-enabled automotive care platform and EasyPay point-of-sale financing.
-
- Buyer
- EQB Inc.
- Target
- President's Choice Bank (PC Bank), PC Financial Insurance Agency Inc., PC Financial Insurance Brokers Inc., certain other affiliated entities of PC Bank (collectively, PC Financial)
- Seller
- Loblaw Companies Limited
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
EQB completed its previously announced acquisition of President’s Choice Bank (PC Bank) and PC Financial Insurance Agency/Broker and certain affiliated entities from Loblaw Companies Limited. The deal expands EQB’s scale to serve nearly 4 million Canadians and makes EQ Bank the exclusive financial services partner for Loblaw’s PC Optimum loyalty program (18+ million active members).
-
February 28, 2026
- Buyer
- Coincheck Group N.V.
- Target
- 3iQ Corp.
- Seller
- Monex Group, Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Coincheck Group N.V., the Nasdaq-listed holding company behind Japan’s Coincheck exchange, has acquired approximately 97% beneficial ownership of Canada-based alternative digital asset manager 3iQ Corp. via a stock purchase agreement with Coincheck’s majority shareholder Monex Group (as seller). The deal closed on February 28, 2026, following a signing announcement on January 8, 2026.
-
February 3, 2026
- Buyer
- ATB Financial
- Target
- Cormark Securities Inc.
- Industry
- Financial Services
- Location
- Alberta, Canada
- Type
- Buyout
ATB Financial has completed the integration of its December acquisition of Cormark Securities Inc. and combined the two businesses into a single capital markets platform branded as ATB Cormark Capital Markets. The integration unites ATB’s capital markets capabilities with Cormark’s investment banking, sales, trading, and research to expand scale, sector expertise, and national reach.
-
- Buyer
- RFA Financial Inc.
- Target
- Artis Real Estate Investment Trust
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Type
- Buyout
Artis Real Estate Investment Trust and RFA Financial Inc. completed their statutory plan of arrangement under which RFA acquired all outstanding Artis common units, Series E preferred units, and Series I preferred units. The transaction combines Artis’s real estate platform with RFA’s Canadian financial services platform anchored by a federally regulated Schedule I bank and mortgage origination/servicing business.
-
- Buyer
- Kelso & Company, Kelso & Company (secondary buyer via minority common equity transaction)
- Target
- Wellington-Altus Financial Inc.
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Type
- Growth capital
Wellington-Altus Financial Inc. successfully closed a nearly CAD $400 million secondary minority common equity investment in which Kelso & Company acquired a 25% stake. The deal values Wellington-Altus at over CAD $1.5 billion and provides liquidity to some existing Canadian shareholders while keeping the company majority-owned by Canadians.
-
November 14, 2025
- Buyer
- Warburg Pincus, Goodview Capital Corp.
- Target
- ECN Capital Corp.
- Industry
- Financial Services
- Location
- Canada
- Type
- Buyout
ECN Capital Corp. entered into and completed a court-approved plan of arrangement to be acquired for C$3.10 per common share in cash by a newly formed acquisition vehicle controlled by an investor group led by Warburg Pincus and including Goodview Capital. The deal also bought ECN Capital’s Series C and Series E preferred shares for C$26 and C$3.10 per share, respectively, and closed on April 24, 2026, with the company expected to delist from the Toronto Stock Exchange.
-
October 20, 2025
- Buyer
- Neighbourhood Holdings Ltd.
- Target
- Fisgard Asset Management Corporation
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Neighbourhood Holdings Ltd. has acquired Fisgard Asset Management Corporation to create one of Canada’s largest alternative mortgage investment platforms. The combined business will manage roughly $750 million in AUM across ~1,550 mortgages, expand scale and product capabilities, and continue operating existing investment vehicles while retaining key Fisgard leadership.
-
- Buyer
- Lorne Park Capital Partners Inc., Bellwether Investment Management Inc.
- Target
- 1001273791 Ontario Ltd.
- Seller
- Gordon Archer
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Addon
Lorne Park Capital Partners Inc. (TSXV: LPC), through its wholly owned subsidiary Bellwether Investment Management Inc., has acquired 100% of the outstanding securities of 1001273791 Ontario Ltd., a practice holding approximately $40 million in assets under management. The seller, advisor Gordon (Gord) Archer, will become a Bellwether employee; the purchase price is CAD 1,300,000 paid with a specified installment schedule tied to trailing revenue.
-
September 24, 2025
- Buyer
- Crisil, Crisil Coalition Greenwich
- Target
- McKinsey PriceMetrix Co.
- Seller
- McKinsey & Company (McKinsey PriceMetrix Co. stakeholders, per article context)
- Industry
- Financial Services
- Location
- Canada
- Type
- Buyout
Crisil, an S&P Global Company, announced it will acquire McKinsey PriceMetrix Co. (PriceMetrix), a provider of performance benchmarking and data-driven insights for the wealth management industry. PriceMetrix will be integrated into Crisil Coalition Greenwich, expanding Crisil’s benchmarking offerings across the wealth management value chain.
-
September 3, 2025
- Buyer
- Wealthsimple
- Target
- Fey
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Buyout
Wealthsimple has acquired Fey, a Montreal-based investing platform founded in 2021 that offers trader-focused tools including earnings analysis, natural-language stock screening, and a real-time personalized news feed. The acquisition will bring Fey's AI-driven trading features into Wealthsimple's platform to enhance its DIY trading experience for millions of Canadian clients, with initial Fey-powered features expected by year-end.
-
August 13, 2025
- Buyer
- Mubadala Capital
- Target
- CI Financial Corp.
- Seller
- CI Financial shareholders (including rollover shares held by Kurt MacAlpine)
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Mubadala Capital, through an affiliate, acquired all outstanding shares of CI Financial Corp. in a premium, all-cash take-private transaction valued at an implied enterprise value of about C$12.1 billion. The transaction closed effective August 12, 2025 via a statutory plan of arrangement under the Business Corporations Act (Ontario).
-
June 25, 2025
- Buyer
- Oxford Economics
- Target
- Alpine Macro
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Buyout
Oxford Economics has acquired a majority stake in Alpine Macro, a Montreal-based investment research firm founded in 2017. The deal combines Oxford Economics' macroeconomic capabilities with Alpine Macro's market-focused investment research to deepen research capabilities, accelerate global expansion, and deliver enhanced, AI-enabled research products to institutional clients; financial terms were not disclosed.
-
- Buyer
- Polar Asset Management Partners Inc.
- Target
- Castlefield Associates Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Toronto-based Polar Asset Management Partners has acquired Castlefield Associates, a Toronto quantitative relative-value futures hedge fund manager founded in 2019 by Chris Schindler. The deal brings Castlefield’s systematic relative-value strategy and team onto Polar’s platform as Polar looks to build a new systematic strategy vertical complementary to its existing multi-strategy offerings.
-
- Buyer
- Robinhood Markets
- Target
- WonderFi
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Robinhood Markets completed its approximately $179 million (C$250 million) acquisition of WonderFi, a Toronto-based provider of regulated crypto trading platforms. WonderFi’s Bitbuy and Coinsquare are expected to operate under the Robinhood brand as Robinhood expands into the Canadian market.
-
- Buyer
- Kensington Capital Partners Limited
- Target
- ONE9 venture capital investment business, ONE9 Capability Labs (minority stake)
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Kensington Capital Partners has acquired the venture capital investment business of ONE9 and taken a minority stake in ONE9 Capability Labs (with an option to acquire the remainder upon milestone achievement). ONE9's legacy investments are excluded and remain with the original vendors; the deal positions Kensington to lead investments in National Security technologies, including cybersecurity and defense-focused dual-use technologies.
-
March 31, 2025
- Buyer
- HDL Capital Inc. (management team of WD Capital Markets Inc.)
- Target
- WD Capital Markets Inc. (rebranded as HDL Capital Inc.)
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Recapitalization
The leadership team of WD Capital Markets Inc. completed a management buyout, acquiring 100% of the company and relaunching it as HDL Capital Inc., effective March 31, 2025. HDL will continue providing M&A advisory and transaction services to small- and mid-market clients from its Toronto base and expects to expand its team and Transaction Services practice.
-
- Buyer
- OneDigital
- Target
- PWL Capital
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Growth capital
OneDigital has made a strategic investment in PWL Capital, a Montreal-headquartered independent wealth management firm, marking OneDigital's first international expansion into Canada. PWL will transition to the OneDigital brand and continue operating as an independent subsidiary, leveraging OneDigital's resources to expand its client offerings across Canada.
-
- Buyer
- TriWest Capital Partners
- Target
- Alta West Mortgage Capital Corporation
- Industry
- Financial Services
- Location
- Alberta, Canada
- Type
- Buyout
TriWest Capital Partners completed a majority equity investment in Alta West Mortgage Capital Corporation, partnering with the company's existing management team led by CEO George Botros and Executive Chairman Charles McKitrick, who will remain significant shareholders. The investment positions Alta West to accelerate growth as a platform in the Canadian alternative residential mortgage market by leveraging TriWest's capital and operational resources to expand assets under management and product offerings.
-
August 7, 2024
- Buyer
- TMX Group Limited
- Target
- Newsfile Corp.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
TMX Group Limited has acquired Newsfile Corp., a Canadian newswire and regulatory filing solutions provider that serves over 2,500 public and private clients. The purchase bolsters TMX's Capital Formation business by adding Newsfile's news distribution, SEDAR+/EDGAR and XBRL filing capabilities to TMX's market and data offerings.
-
August 6, 2024
- Buyer
- Celero Commerce
- Target
- SONA
- Industry
- Financial Services
- Location
- Nova Scotia, Canada
- Type
- Buyout
Celero Commerce, a Nashville-based electronic commerce and payments provider, has acquired SONA, a Halifax, Nova Scotia-based provider of electronic payments technology for Canadian merchants. The acquisition gives Celero a strategic entry into Canada and increases its processed card volume to approximately $26 billion annually across North America; MAPP Advisors advised SONA on the transaction.
-
June 21, 2024
- Buyer
- nesto, Diagram Ventures, Portage, NAventures (National Bank of Canada), IGM Financial, BMO Capital Partners, Fonds de solidarité FTQ, Fondaction
- Target
- CMLS Group
- Seller
- CMLS Group shareholders
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Montreal-based digital lender nesto has acquired CMLS Group, one of Canada’s largest mortgage finance companies, creating the country’s largest technology-enabled mortgage lender. The combined business will operate across residential and commercial mortgage markets with more than 1,000 employees, roughly $60 billion in mortgages under administration, and transaction support from a group of institutional and strategic investors including Diagram Ventures, Portage, NAventures, IGM Financial, BMO Capital Partners, Fonds de solidarité FTQ and Fondaction.
-
June 11, 2024
- Buyer
- National Bank of Canada
- Target
- Canadian Western Bank
- Seller
- Shareholders of Canadian Western Bank
- Industry
- Financial Services
- Location
- Alberta, Canada
- Type
- Buyout
National Bank of Canada entered into a definitive agreement to acquire all outstanding common shares of Canadian Western Bank in a share-exchange transaction valuing CWB at approximately $5.0 billion. The deal (exchange ratio 0.450 NB shares per CWB share) expands National Bank's footprint in Western Canada, is expected to close by the end of 2025 subject to shareholder and regulatory approvals, and is supported by an approximately $1.0 billion equity financing including a private placement to CDPQ.
-
May 10, 2024
- Buyer
- JanOne Inc. (NASDAQ: JAN)
- Target
- ALT 5 Sigma Inc.
- Seller
- Former stockholders of ALT 5 Sigma Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
JanOne Inc. (NASDAQ: JAN) has executed a definitive agreement to acquire blockchain fintech provider ALT 5 Sigma Inc.; the transaction is expected to close the week of May 13, 2024 and will result in ALT 5 becoming a wholly owned subsidiary. JanOne will issue 1,799,100 common shares (≈19.9% of outstanding shares as of May 10) and 34,207 shares of Series B preferred stock to ALT 5's former stockholders; the deal is intended to expand JanOne's product portfolio and scale ALT 5's blockchain payment and OTC trading technologies globally.
-
- Buyer
- Hampton Financial Corporation
- Target
- Oxygen Working Capital Corp.
- Seller
- Shareholders of Oxygen Working Capital Corp.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Hampton Financial Corporation (TSXV:HFC) has agreed to acquire a controlling interest in Oxygen Working Capital Corp. (OCC), an Oakville, Ontario-based commercial factoring lender, with closing anticipated on April 1, 2024. Under the deal Hampton will issue 21,755,071 subordinate voting shares (plus ~5,438,779 warrants) to OCC shareholders in exchange for 100% of OCC's outstanding common shares (aggregate value $9,783,250), marking Hampton's first entry into commercial lending and expected to be accretive to earnings.
-
December 6, 2023
- Buyer
- Amynta Group
- Target
- Sutton Special Risk Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Amynta Group has entered into a definitive agreement to acquire Sutton Special Risk Inc., a Toronto-based managing general underwriter (MGU) specializing in accident & health and specialty insurance products. The acquisition expands Amynta’s accident and health capabilities and accelerates its growth plans in the Canadian market; Greg Sutton will continue to lead Sutton following the transaction.
-
August 10, 2023
- Buyer
- CI Financial Corp.
- Target
- Coriel Capital Inc.
- Industry
- Financial Services
- Location
- Quebec, Canada
- Type
- Buyout
CI Financial Corp. agreed to acquire Coriel Capital Inc., a Montreal-based wealth manager that serves ultra-high-net-worth families and manages approximately $1.3 billion in client assets. The acquisition expands CI's presence in the ultra-high-net-worth market and complements its CI Private Wealth and Northwood Family Office businesses; the deal is expected to close in the fourth quarter.
-
- Buyer
- The Canada Life Assurance Company (Canada Life)
- Target
- Value Partners Group Inc.
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Type
- Buyout
The Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has agreed to acquire Value Partners Group Inc., a Winnipeg-based wealth planning and investment firm. The deal will integrate Value Partners’ investment counsel, investment management and financial planning capabilities into Canada Life’s advisor-focused wealth platform to expand capabilities for independent advisors; the transaction is expected to close by end of 2023 subject to regulatory approvals.
-
June 2, 2023
- Buyer
- Servus Credit Union Ltd.
- Target
- Stride Capital Corp.
- Industry
- Financial Services
- Location
- Alberta, Canada
- Type
- Buyout
Servus Credit Union Ltd. has acquired Calgary-based Stride Capital Corp., an equipment financing and leasing provider, to strengthen its commercial equipment leasing capabilities across Canada. Most of Stride's management and all ~20 employees will join the new Servus subsidiary, enabling expanded leasing capacity for Servus members and Stride clients across agriculture, construction, transportation and other sectors.
-
February 27, 2023
- Buyer
- TRAFiX LLC
- Target
- Integrated Transaction Systems Ltd., ITS Online Ltd.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
TRAFiX LLC has acquired Integrated Transaction Systems Ltd. and ITS Online Ltd., adding Canadian trading applications, connectivity and smart order routing capabilities to its OMS/EMS and FIX routing suite. The deal expands TRAFiX’s geographic footprint into Canada and strengthens its trading connectivity and product offering while ITS continues to support its existing clients and products.
-
February 22, 2023
- Buyer
- B. Riley Financial, Inc., B. Riley Advisory Services
- Target
- Farber Group (corporate division), Farber Group
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
B. Riley Financial, Inc. acquired the corporate division of Farber Group, a Toronto-based restructuring and business advisory firm. The acquired corporate division will be integrated into B. Riley Advisory Services and will operate under the name B. Riley Farber, expanding B. Riley’s restructuring, turnaround management, and cross-border advisory capabilities in Canada and across North America.
-
January 3, 2023
- Buyer
- Co-operators Financial Services Limited, The Co-operators Group Limited
- Target
- Smart Employee Benefits Inc.
- Seller
- SEB Shareholders
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Co-operators Financial Services Limited, a wholly owned subsidiary of The Co-operators Group Limited, agreed to acquire all issued and outstanding common shares of Smart Employee Benefits Inc. (SEB) for C$0.30 per share in a statutory plan of arrangement, implying an equity value of approximately C$89.1 million. The acquisition is intended to bolster Co-operators' Group Benefits capabilities by integrating SEB's benefits administration technology, SaaS products and managed services; closing is subject to shareholder, court and regulatory approvals.
-
December 8, 2022
- Buyer
- First Financial Equipment Leasing
- Target
- NorFund Capital
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
First Financial Equipment Leasing (FFEL), a member of JA Mitsui Leasing Ltd., has acquired Toronto-based NorFund Capital to expand its equipment financing operations into Canada. NorFund’s expertise in capital equipment, solar and alternative energy financing and vendor finance programs will be integrated into FFEL’s new First Financial Canadian Leasing division to grow FMV lease offerings and renewable energy financing in Canada.
-
November 21, 2022
- Buyer
- Smith Financial Corporation
- Target
- Home Capital Group Inc.
- Industry
- Financial Services
- Location
- Canada
- Type
- Buyout
Smith Financial Corporation entered into a definitive court-approved plan of arrangement to acquire all outstanding shares of Home Capital Group Inc that it did not already own for $44.00 cash per share (subject to an increase based on deal timing). The arrangement closed after May 20, 2023, raising the consideration to $44.28 per share.
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Frequently Asked Questions
What types of financial services assets are being acquired in Canada?
Deals include lending technology and loan lifecycle platforms, trust and wealth management capabilities, insurance brokerage businesses, MGA/insurance intermediary operations, and exempt market dealer activity.
Which buyers appear most often in these Canadian financial services acquisitions?
Recurring names in the page include National Bank of Canada, Mogo Inc., BMO Capital Partners, IGM Financial, Fonds de solidarité FTQ, and several others.
Are these acquisitions concentrated in one province?
No—recent deals reference multiple regions, including British Columbia, Quebec, and Ontario, alongside Canada-wide activity.
Do the deals focus on technology or distribution?
Both. Some transactions emphasize integrating digital capabilities (e.g., lending portals, origination and loan management), while others emphasize expanding client reach and platform coverage (e.g., wealth management, mortgages, and advisor ecosystems).