Tracked deals
108
108 tracked deals across 2015-2026.
Who's Buying Food & Beverage Companies in Canada
Buyer mix
Mixed buyer set
70 pe · 68 strategic
Top trend
Volume peaked in 2021
21 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Buyers range from food industry operators and processors (e.g., HF Foods Group, Cooke Inc., C.H. Guenther & Son LLC) to investors backing manufacturers and distributors (e.g., TriWest Capital Partners, Arbor Investments, Westcap Mgt. Ltd.).
- Recurring capability themes include expanding distribution and sourcing (e.g., Searay Foods, Vivid Produce), adding manufacturing capacity (e.g., tortillas, sauces, bakery specialties), and improving product development and packaging formats.
- Deals show geographic clustering across Canada, with recent locations calling out British Columbia, Alberta, Saskatchewan, Ontario, and Quebec.
- Some transactions explicitly target continuity of leadership, including partnerships with existing management teams or retention of founder/leadership groups (e.g., Ocean Brands, Furlani Foods, TRUBAR).
- Food safety M&A appears alongside product acquisitions, such as 360training.com, Inc. acquiring Canadian Food Safety Group and its SafeCheck brands for cross-border compliance training.
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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 |
|---|---|---|---|
| Champlain Financial Corporation | 8 | Montreal-based private equity firm focused on small and m... | PE |
| Clearspring Capital Partners | 3 | Canadian private equity firm focused on growing mid-marke... | PE |
| Fondaction | 3 | Quebec-based investment fund focused on sustainable econo... | PE |
| Graham Partners | 3 | Private equity firm focused on advanced manufacturing and... | PE |
| Regal Confections | 3 | Seasonal candy distributor and manufacturer in Canada; op... | Strategic (PE-backed) |
| CDPQ (Caisse de dépôt et placement du Québec) | 2 | Quebec‑based institutional investor managing public pensi... | PE |
| Entrepreneurial Equity Partners | 2 | Middle‑market private equity firm focused on control-orie... | PE |
| Entrepreneurial Equity Partners (e2p) | 2 | Chicago-based private equity firm focused on food and con... | PE |
| Ironbridge Equity Partners | 2 | Toronto-based private equity firm focused on investing in... | PE |
| PNC Riverarch Capital | 2 | Middle-market private equity firm that invests in market-... | PE |
Acquisition Volume in Food & Beverage in Canada by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 24, 2026
- Buyer
- HF Foods Group Inc.
- Target
- Searay Foods Inc., Morgan Foods Inc., Searay Foods USA Inc.
- Seller
- Jack Chan, Philip Chan
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
HF Foods Group Inc. entered into a definitive agreement to acquire Searay Foods Inc. and its related entities, a Canadian importer and distributor of ethnic and specialty frozen seafood. The deal values Searay at approximately CAD$47.9 million (about US$35 million) and is expected to close in Q3 2026, subject to customary closing conditions and regulatory approvals.
-
- Buyer
- FGF Brands (FGF), FGF Group of Companies
- Target
- Première Moisson Group commercial production plant (wholesale bakery), Première Moisson Group Inc. (commercial bakery manufacturing operations/plant in Baie-D’Urfé)
- Seller
- Metro Inc. (Metro), Première Moisson Group (as the operating subsidiary being sold by its parent Metro; referenced as “Première Moisson Group’s commercial manufacturing plant”)
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Divestiture
FGF Brands has agreed to acquire Première Moisson Group’s wholesale/commercial bakery production facility in Baie-D’Urfé, Quebec, for C$90 million (about $64.2 million). Metro will continue to own the Première Moisson brand and the network of 25 Quebec retail bakeries, while FGF will manufacture and distribute Première Moisson products to Metro’s grocery stores across Quebec and Ontario.
-
- Buyer
- Lactalis Canada Inc.
- Target
- Agropur Cooperative (fine cheese division assets)
- Seller
- Agropur Cooperative
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Lactalis Canada Inc. has reached a definitive agreement to acquire Agropur Cooperative’s fine cheese division, including the OKA, Monsieur Gustav and L’Extra brands. The deal also includes two Quebec production facilities in Oka and Saint-Hyacinthe, as well as Agropur’s fine cheese import activities, and is expected to add about 400 employees to Lactalis Canada’s workforce.
-
July 8, 2026
- Buyer
- CDS Foods Inc.
- Target
- Vivid Produce Inc.
- Industry
- Food & Beverage
- Location
- Alberta, Canada
- Type
- Buyout
CDS Foods Inc. acquired Calgary-based Vivid Produce Inc. to strengthen its supply capabilities and expand its presence in Western Canada. The acquisition is intended to enhance sourcing and packing capacity and broaden CDS Foods’ multicultural produce portfolio while maintaining uninterrupted service during integration.
-
July 7, 2026
- Buyer
- Courchesne Larose Group
- Target
- The Star Group
- Industry
- Food & Beverage
- Location
- Saskatchewan, Canada
- Type
- Buyout
Courchesne Larose Group completed its previously announced acquisition of The Star Group after the Competition Act waiting period expired and all closing conditions were satisfied. The deal strengthens Courchesne Larose’s coast-to-coast fresh produce distribution capabilities and expands national reach.
-
- Buyer
- Cooke Inc.
- Target
- Mowi Canada East (9k GWT salmon farming operations in Canada East)
- Seller
- Mowi
- Industry
- Food & Beverage
- Location
- Canada
- Type
- Divestiture
Mowi entered into a share purchase agreement to divest its Mowi Canada East salmon farming operations in Canada East to Cooke Inc. for CAD 225 million (debt-free basis), with closing expected in the second half of 2026 subject to customary conditions and regulatory approvals.
-
May 4, 2026
- Buyer
- TriWest Capital Partners
- Target
- Ocean Brands
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
TriWest Capital Partners acquired Ocean Brands in partnership with the existing management team, with management continuing to lead the business. Ocean Brands is a Canadian manufacturer, marketer, and distributor of branded food products, including seafood and Italian-inspired products.
-
- Buyer
- C.H. Guenther & Son LLC, PPC
- Target
- Les Aliments Mejicano Inc. (Mejicano Foods)
- Seller
- Philippe Gadoua, Pascal Gadoua
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Addon
C.H. Guenther & Son LLC acquired Les Aliments Mejicano Inc. (Mejicano Foods), a producer of flour tortillas. The transaction expands CHG’s tortilla manufacturing and distribution platform to better serve North American foodservice, retail, and private-label customers, with Mejicano’s facilities located near Montreal, Quebec.
-
March 20, 2026
- Buyer
- Tulkoff Foods
- Target
- Celtrade Canada
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Tulkoff Foods has acquired Celtrade Canada, a Toronto-based private label manufacturer, to expand its North American sauce manufacturing footprint and product development capabilities. The combined operation will leverage manufacturing facilities in both the United States and Canada, along with expanded R&D and packaging formats to improve speed to market and provide more customization options for retail, foodservice, and industrial customers.
-
February 27, 2026
- Buyer
- 360training.com, Inc.
- Target
- Canadian Food Safety Group
- Industry
- Food & Beverage
- Location
- Alberta, Canada
- Type
- Buyout
360training.com, Inc. has acquired the Canadian Food Safety Group, including its SafeCheck Learning and SafeCheck Safety brands. The deal adds Canadian jurisdiction expertise and course/certification assets to help 360training provide unified cross-border food safety compliance training across the United States and Canada.
-
February 9, 2026
- Buyer
- Arbor Investments
- Target
- Furlani Foods
- Seller
- Entrepreneurial Equity Partners (e2p)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Arbor Investments acquired Furlani Foods, a North American garlic bread manufacturer. The deal expands Arbor’s footprint in specialty bakery and marks a new growth phase for Furlani’s capacity and innovation efforts, with founder-led leadership retained.
-
February 6, 2026
- Buyer
- ETi Gıda Sanayi ve Ticaret A.Ş., 1564128 B.C. Unlimited Liability Company (the Purchaser, affiliate of ETİ Gıda)
- Target
- TRUBAR, Trubar Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
TRUBAR, a plant-based protein bar brand, completed its acquisition by ETİ Gıda, with ETİ Gıda acquiring 100% of TRUBAR for $173 million in cash (no earn-out). The deal is intended to scale TRUBAR further across North America while accelerating international expansion, with TRUBAR’s founder, leadership team, and employees remaining in place.
-
February 4, 2026
- Buyer
- Westcap Mgt. Ltd., Westcap MBO III Investment LP
- Target
- Fit Foods LP
- Seller
- Jim McMahon
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Growth capital
Westcap Mgt. Ltd. has completed an investment in Fit Foods LP through Westcap MBO III Investment LP. Fit Foods is a Canadian-based manufacturer and distributor of sports nutrition and healthy-living supplements sold globally through a large distribution network.
-
January 23, 2026
- Buyer
- Power Sustainable Lios, Farm Credit Canada, BMO Capital Partners, Latka family
- Target
- Crofter's Organic
- Seller
- Frontenac
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Power Sustainable Lios acquired Crofter's Organic, an Ontario-based producer of organic jams, jellies, and fruit spreads. The deal is supported by co-investments from Farm Credit Canada, BMO Capital Partners, and the founding Latka family, with proceeds intended to fund capacity expansion, brand building, and product innovation.
-
January 10, 2026
- Buyer
- Cizzle Brands Corporation
- Target
- Flow Water Inc. (manufacturing business of Flow Beverage Corporation)
- Seller
- Flow Beverage Corporation (manufacturing business sold via court-supervised receivership)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Divestiture
Cizzle Brands acquired the manufacturing business of Flow Water (Flow Beverage Corporation) for approximately $83.75 million, buying the Aurora, Ontario production facility now rebranded as the CWENCH Hydration Factory. The purchase includes a roughly $184 million contracted order book (with about $158 million take-or-pay protection), secures supply for Cizzle's CWENCH Hydration product, and was financed with a mix of debt and equity including a $40 million credit facility from Orion Infrastructure Capital.
-
December 18, 2025
- Buyer
- ICL Group
- Target
- Bartek Ingredients
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
ICL Group entered into a definitive agreement to acquire Bartek Ingredients, expanding its portfolio of specialty food solutions and functional food ingredients. The deal will be completed in two phases: ICL will initially invest about $90 million for approximately 50% of Bartek in the first quarter of 2026, with the remaining shares acquired in a second phase subject to milestones and regulatory approvals.
-
October 14, 2025
- Buyer
- CCMP Growth Advisors, LP
- Target
- A1 Cash & Carry
- Seller
- National Foods (PSX: NATF)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
CCMP Growth Advisors has acquired a majority ownership stake in A1 Cash & Carry, a Mississauga-based foodservice cash-and-carry wholesaler, from National Foods, which will retain a minority interest. The founder and CEO Amjad "Jay" Parvaiz will remain in place as CCMP partners with management to scale A1's multi-site business and expand its footprint across Canada.
-
October 6, 2025
- Buyer
- Rucker Investments (affiliate)
- Target
- Flow Water Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Recapitalization
An affiliate of Rucker Investments subscribed for new shares of Flow Water Inc. under an Ontario Superior Court-approved reverse vesting order, becoming the company's sole shareholder and taking the business private. Flow, headquartered in Toronto, will continue operations under its Flow brand with a deleveraged balance sheet, access to working capital, and Paul Dowdall appointed as President.
-
September 17, 2025
- Buyer
- Fengate Private Equity (Fengate Asset Management), LiUNA Pension Fund of Central and Eastern Canada
- Target
- Sweets from the Earth
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Growth capital
Fengate Private Equity, on behalf of the LiUNA Pension Fund of Central and Eastern Canada, has made a minority-growth investment in Sweets from the Earth, a Toronto-based maker of 100% plant-based, allergy-friendly baked goods. Founders Ilana and Marc Kadonoff retain a significant minority stake and will continue to lead the company as Fengate provides capital and resources to accelerate expansion across Canada and into the U.S.; financial terms were not disclosed.
-
September 12, 2025
- Buyer
- Treat Planet, Inverness Graham
- Target
- Bosco & Roxy's
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
Inverness Graham-backed pet treat platform Treat Planet has acquired Bosco & Roxy's, a London, Ontario-based manufacturer of premium baked dog treats. The acquisition expands Treat Planet's Grab-and-Go product portfolio and adds Bosco & Roxy's automated 80,000 sq ft manufacturing capabilities to support branded and private-label growth; terms were not disclosed.
-
July 30, 2025
- Buyer
- Consco Foods Inc.
- Target
- Allied Food Distributors
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Consco Foods Inc. has acquired Montreal-based Allied Food Distributors, a longtime importer and distributor of kosher food brands. Allied's operations will be integrated into Consco's 140,000 sq. ft. distribution center while operating as a division, and Consco has been named the exclusive Canadian importer/distributor for Agri Star Meat & Poultry's Aaron's Best brand effective August 1, 2025.
-
April 23, 2025
- Buyer
- Commercial Bakeries Corp., Graham Partners
- Target
- Hollandia Bakeries Ltd., The Good Food Company Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
Commercial Bakeries Corp., a Graham Partners–backed private label cookie and cracker manufacturer, has acquired Hollandia Bakeries Ltd. and The Good Food Company Inc., adding a Mount Brydges, Ontario baking facility and additional cookie manufacturing and packaging capabilities. The transaction is an add-on to Commercial Bakeries’ platform, intended to expand manufacturing capacity and capabilities in the North American private-label cookie market.
-
April 1, 2025
- Buyer
- Organigram Global Inc.
- Target
- Collective Project Limited
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Organigram Global Inc. acquired 100% of Collective Project Limited for approximately C$6.2 million upfront, with milestone and earnout payments linked to future beverage revenue that could bring total contingent consideration to C$24 million. The deal gives Organigram an immediate footprint in the U.S. hemp-derived THC beverage market and accelerates its entry into the cannabis beverage category in Canada by adding Collective Project’s ready-to-drink hemp/cannabis beverage portfolio and existing U.S. retail listings.
-
February 21, 2025
- Buyer
- Fulcrum Capital Partners
- Target
- Sunco Foods
- Seller
- Samir Virani and family
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
Fulcrum Capital Partners, a Canadian private equity firm, has invested in Sunco Foods, a Burnaby, British Columbia-based manufacturer and distributor of nut-based butters, snacks, and ingredient products. The investment — Fulcrum’s fifth platform in its Private Equity Fund VI — will support Sunco’s growth and capability expansion while retaining management involvement from Samir Virani and his family.
-
December 10, 2024
- Buyer
- SK Capital Partners, Stellus Capital Management
- Target
- Spectra Confectionery Ltd.
- Seller
- Bill and Maureen Georgas and the Georgas family
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Funds advised by SK Capital Partners acquired Spectra Confectionery Ltd., a Toronto-area manufacturer of premium decorative toppings and confectionery products, from founders Bill and Maureen Georgas. Debt financing was provided by MidStar Capital and unitranche financing (with an equity co-investment) was provided by Stellus Capital Management; Spectra's leadership (the Georgas family) will remain in place to run day-to-day operations.
-
December 9, 2024
- Buyer
- CookUnity
- Target
- Cookin
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
CookUnity, a chef-made meal delivery platform headquartered in Brooklyn, New York, has acquired Cookin, a Toronto-based platform and operating system for culinary creators. The acquisition integrates Cookin’s creator tools and 1,500 chefs into CookUnity’s subscription and supply-chain network, expanding capabilities for chefs and enabling CookUnity’s first international expansion into Canada.
-
November 25, 2024
- Buyer
- Clairvest Group Inc., Clairvest Equity Partners VII (CEP VII)
- Target
- Redstone Food Group
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Growth capital
Clairvest Group Inc., together with its fund Clairvest Equity Partners VII (CEP VII), made a minority equity investment in Redstone Food Group, a Toronto-area commercial bakery focused on in-store bakery and private-label co-packing. The capital will support Redstone's growth and scaling initiatives across North America while founder Rob Wheeler remains the majority owner and CEO.
-
November 4, 2024
- Buyer
- Wisdom Natural Brands
- Target
- Drizzle Honey
- Industry
- Food & Beverage
- Location
- Alberta, Canada
- Type
- Buyout
Wisdom Natural Brands, parent of the SweetLeaf natural sweetener brand, has acquired Canada-based Drizzle Honey to add a line of sustainably sourced raw and superfood-infused honeys to its portfolio. The deal expands Wisdom's product offering into the high-growth honey category and enables U.S. distribution for Drizzle's products, which are currently sold in roughly 1,200 Canadian retail stores and online.
-
August 20, 2024
- Buyer
- Ace Beverage Group, Corby Spirit and Wine
- Target
- nude Beverages
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
Ace Beverage Group, a subsidiary of Corby Spirit and Wine, has acquired Vancouver-based ready-to-drink alcoholic beverage maker nude Beverages. The deal expands Ace Beverage Group's better-for-you RTD portfolio with nude's vodka soda and related brands; Capital West acted as exclusive financial advisor to nude Beverages.
-
- Buyer
- Ya YA Foods Corporation, Entrepreneurial Equity Partners (e2p)
- Target
- Truss Beverage Co.
- Seller
- Tilray Brands, Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
Ya YA Foods Corporation, a portfolio company of Entrepreneurial Equity Partners (e2p), has acquired Truss Beverage Co. from Tilray Brands. The deal transfers Truss's 186,000 sq. ft. Belleville, Ontario production facility (250,000 hectolitre annual capacity) to Ya YA Foods, expanding its North American footprint to three sites and adding canning and glass capabilities.
-
July 16, 2024
- Buyer
- Regal Confections, Clearspring Capital Partners
- Target
- Mondoux Confectionary
- Seller
- Mondoux family
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Addon
Regal Confections, supported by Clearspring Capital Partners, has acquired Mondoux Confectionary, a Quebec-based confectionery manufacturer and distributor known for its Sweet Sixteen gummy line and Giacomo chocolate brand. The deal adds Mondoux's manufacturing and direct-store-delivery footprint (including 77 trucks and ~200+ employees) to Regal's national distribution and owned brand portfolio to deepen presence in the Convenience & Gas channel across Eastern Canada and nationally.
-
June 27, 2024
- Buyer
- Swander Pace Capital
- Target
- Inovata Foods
- Seller
- Parsons family (Steve and Lisa Parsons)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Swander Pace Capital has made a platform investment in Inovata Foods, a Canadian private-label manufacturer of frozen entrées, partnering with founders Steve and Lisa Parsons to accelerate capacity expansion. The deal positions Inovata to grow its retail, club store and foodservice business across Canada and the U.S., with Ernst & Young Orenda advising Inovata on the transaction.
-
May 8, 2024
- Buyer
- Prime Drink Group Corp.
- Target
- Triani Canada Inc.
- Seller
- 9296-0186 Québec Inc., Angelpart Ventures Inc.
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Prime Drink Group Corp. (CSE: PRME) announced a definitive agreement to acquire all issued and outstanding shares of Triani Canada Inc., a Québec-based beverage producer and bottler with unaudited 2023 sales of approximately CAD 28 million. The transaction (originally announced via a letter of intent) is being funded in part through a non‑brokered private placement of subscription receipts and requires shareholder and regulatory approvals.
-
April 25, 2024
- Buyer
- Farinart
- Target
- Malterie Frontenac
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Farinart, a Canadian grain-processing specialist based in Saint-Liboire, Quebec, announced the acquisition of all assets of Malterie Frontenac, a malting and sprouting specialist based in Thetford Mines, Quebec. The deal adds sprouting and malting capabilities to Farinart's specialty-grain and baking ingredient offering and complements its existing product set as the company expands service to its large U.S. customer base.
-
April 8, 2024
- Buyer
- Smart for Life, Inc.
- Target
- Purely Optimal Nutrition
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
Smart for Life, Inc. (Nasdaq: SMFL), a publicly held nutraceuticals holding company, entered a definitive agreement to acquire Purely Optimal Nutrition, a North America-focused eCommerce nutraceuticals company. The acquisition is expected to close within eight weeks, and Smart for Life said the deal will expand its product offering, drive additional revenue (Purely Optimal is estimated to generate over $8 million in revenue and ~$1 million in Adjusted EBITDA) and create economies of scale across its operations.
-
February 7, 2024
- Buyer
- Bioriginal Food & Science Corp., Cooke Inc.
- Target
- POS Biosciences Corp.
- Seller
- Canopy Growth Corp.
- Industry
- Food & Beverage
- Location
- Saskatchewan, Canada
- Type
- Buyout
Bioriginal Food & Science Corp., a wholly owned subsidiary of Cooke Inc., has acquired POS Biosciences Corp. from Canopy Growth Corp. The acquisition gives Bioriginal access to POS's oil processing, concentration and molecular distillation facility and R&D capabilities to support innovation in human and pet nutrition; POS will operate as a wholly owned, independently managed subsidiary.
-
- Buyer
- Swander Pace Capital, CDPQ (Caisse de dépôt et placement du Québec), Roynat Equity Partners
- Target
- St‑Méthode Bakery
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Swander Pace Capital, together with CDPQ and Roynat Equity Partners, has acquired a majority stake in St‑Méthode Bakery (BSM), a Québec-based producer of healthy, value‑added fresh bread, headquartered in Adstock, Quebec. The existing management team will be retained, founder Benoit Faucher will remain as an advisor, and the investors plan to support a business transfer and growth initiatives into broader Canadian and U.S. markets.
-
December 15, 2023
- Buyer
- Thrive Freeze Dry (Thrive Foods), Entrepreneurial Equity Partners (e2p), Mubadala Capital
- Target
- Canature
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Addon
Thrive Freeze Dry (a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital) has acquired Canature, a Langley, British Columbia-based freeze-dried pet food and treats producer. The add-on acquisition expands Thrive's freeze-drying capabilities and pet-focused offering by adding Canature's technical team, wet-processing expertise and a state-of-the-art facility near Vancouver; financial terms were not disclosed.
-
September 27, 2023
- Buyer
- Graham Partners
- Target
- Commercial Bakeries Corporation
- Seller
- Former family owners
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Graham Partners, a Philadelphia-based private equity firm, has acquired Commercial Bakeries Corporation, a Toronto-headquartered producer of private-label and co-manufactured cookies. The acquisition, sourced through Graham's Investment Theme Program, positions the firm to expand in private-label bakery manufacturing and supports a founder succession/exit from the company's former family owners.
-
- Buyer
- Corby Spirit and Wine (Corby), Pernod Ricard
- Target
- Ace Beverage Group
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.
-
April 19, 2023
- Buyer
- Roskam Baking Company, Entrepreneurial Equity Partners
- Target
- Marsan Foods
- Seller
- Jewett Family
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
Roskam Baking Company, a portfolio company of Entrepreneurial Equity Partners, has acquired Marsan Foods, a Canadian manufacturer of frozen entrees and soups. The deal expands Roskam's geographic footprint and product capabilities across the United States and Canada; financial terms were not disclosed.
-
March 7, 2023
- Buyer
- Carlsberg Group
- Target
- Waterloo Brewing Ltd.
- Seller
- Shareholders of Waterloo Brewing
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
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.
-
March 3, 2023
- Buyer
- Solina
- Target
- W.T. Lynch Foods Limited
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Solina has acquired W.T. Lynch Foods Limited, an Ontario-based manufacturer of sauces, syrups, dessert toppings and soup/gravy bases, to accelerate its North American expansion. Lynch Foods generates approximately CAD 95M in annual sales and its 178 employees and leadership team will join Solina, increasing Solina's Canadian headcount and coast-to-coast capabilities.
-
February 2, 2023
- Buyer
- Cadman Capital Group
- Target
- Quoddy Savour Seafood Ltd
- Industry
- Food & Beverage
- Location
- New Brunswick, Canada
- Type
- Buyout
Cadman Capital Group, a family office and alternative asset investor, has acquired Quoddy Savour Seafood Ltd, a land-based seafood farming and processing facility in Pennfield, New Brunswick, Canada. The acquisition supports restorative aquaculture initiatives — including kelp restoration and Urchinomics trials — and gives Cadman access to key East Coast North American seafood markets.
-
- Buyer
- PNC Riverarch Capital
- Target
- Backerhaus Veit, Ltd.
- Seller
- Swander Pace Capital
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
PNC Riverarch Capital has completed the acquisition of Backerhaus Veit, Ltd. from Swander Pace Capital. Backerhaus Veit is a North American producer of artisan European-style breads, rolls and soft pretzels; the transaction transfers ownership from Swander Pace as the company enters its next growth phase under PNC Riverarch.
-
January 1, 2023
- Buyer
- Yellow Point Equity Partners V LP
- Target
- Phillips Brewing Limited Partnership
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Growth capital
Yellow Point Equity Partners (Fund V) has closed an investment in Phillips Brewing Limited Partnership, providing growth capital and enabling broad employee ownership alongside founder Matt Phillips. The deal will support Phillips' expansion of its craft beer, spirits, and non-alcoholic beverage portfolio while preserving founder involvement and local operations in Victoria, British Columbia.
-
December 20, 2022
- Buyer
- Sagard Private Equity Canada, Fondaction, Roynat Equity Partners
- Target
- Courchesne Larose Group
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Growth capital
Sagard Private Equity Canada has made a significant growth investment in Courchesne Larose Group, joined by Fondaction and Roynat Equity Partners, to support the company's expansion beyond Quebec and the Maritimes. The Routhier Monette family and management remain shareholders, and the transaction is supported by several lenders including National Bank of Canada, CIBC, Scotiabank and Royal Bank of Canada.
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- Buyer
- Ironbridge Equity Partners
- Target
- King's Pastry
- Seller
- Existing owners and management
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Ironbridge Equity Partners has acquired a controlling interest in King's Pastry, a Mississauga-based manufacturer of cakes, pastries and other desserts, in partnership with the company's existing owners and management. Ironbridge will work with management to support growth initiatives and expand product and customer opportunities across Canada and the United States.
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November 1, 2022
- Buyer
- Mars Petcare (Mars, Incorporated)
- Target
- Champion Petfoods
- Seller
- Bedford Capital, Healthcare of Ontario Pension Plan (HOOPP)
- Industry
- Food & Beverage
- Location
- Alberta, Canada
- Type
- Buyout
Mars Petcare (part of Mars, Incorporated) has signed a definitive agreement to acquire Champion Petfoods, the Edmonton-based maker of premium pet food brands ORIJEN and ACANA, from an investor group led by Bedford Capital and the Healthcare of Ontario Pension Plan. The undisclosed-value transaction — which brings Champion's more than 800 employees into the Mars Petcare family — is expected to close in the first half of 2023 and will expand Mars' premium pet nutrition portfolio and global distribution footprint.
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October 26, 2022
- Buyer
- Ironbridge Equity Partners
- Target
- North American Produce Buyers Limited
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Toronto-based private equity firm Ironbridge Equity Partners has acquired a controlling interest in North American Produce Buyers Limited (NAPB), a Toronto-based importer and distributor of premium fresh fruit. The investment, completed with NAPB management, is intended to support the company's next phase of growth and continued service to Canadian retailers and grocers.
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Frequently Asked Questions
Which types of Food & Beverage acquisitions are featured for Canada?
The page highlights acquisitions across packaged foods and ingredients (e.g., frozen seafood, produce, tortillas, sauces, bakery products, plant-based protein bars), plus related food safety training and compliance services.
Where are the recent Canadian acquisitions located?
Recent deals reference British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Canada-wide operations depending on the transaction.
Do any deals emphasize keeping management or founders involved?
Yes. Several summaries note continuity, including existing management continuing to lead after the acquisition (for example, TriWest Capital Partners and Ocean Brands) and founder/leadership groups remaining in place (for example, ETİ Gıda and TRUBAR).
Are investments in this section limited to traditional food manufacturers?
No. While many deals are product-focused (manufacturing, distribution, and sourcing), the section also includes acquisitions of food safety learning and certification brands, such as 360training.com, Inc. acquiring Canadian Food Safety Group and SafeCheck brands.