Acquisitions in British Columbia, Canada

DealBuilder announced a merger with Deal Studio to form an integrated CRM and deal management platform for business brokers. The combined offering will blend DealBuilder’s AI capabilities with Deal Studio’s long-standing broker software tools and continue under the Deal Studio platform brand.

AccessSMT, a portfolio company of Speyside Equity Fund I LP, completed the acquisition of CP Distributors Ltd. on October 1, 2024. The combination brings together two North American leaders in the door, hardware, and specialties sector, creating an organization with approximately CAD 250 million in annual revenue and expanded scale to serve complex projects across Canada and the United States.

LFM Capital-backed Weller Metalworks acquired DROP Sprockets, Inc., expanding Weller’s metal fabrication and precision machining platform. AEA Investors’ Private Debt group provided mezzanine notes and an equity co-investment to support the transaction. DROP, headquartered in Nelson, British Columbia, manufactures customizable made-to-order sprockets used across applications.

Contango ORE, Inc. announced that shareholders and optionholders of HighGold Mining Inc. approved a previously announced arrangement under which Contango will acquire HighGold. The transaction is expected to close around July 9, 2024, subject to customary conditions and final court approval from the Supreme Court of British Columbia.

WeCommerce Operations Ltd., an indirect wholly owned subsidiary of Tiny Ltd., acquired all issued and outstanding shares of Repeat Inc. The deal supports WeCommerce’s strategy of building and acquiring e-commerce technology businesses; transaction terms were not disclosed. Repeat is an AI-driven retention marketing software application serving primarily enterprise e-commerce merchants.

HEALWELL AI Inc. entered into an agreement to acquire 100% of Intrahealth Systems Limited, a SaaS-based electronic health record (EHR) platform operating across Canada, Australia, and New Zealand. The deal values Intrahealth at approximately $24.2 million in consideration (cash plus HEALWELL shares, with an additional deferred amount), and is intended to integrate HEALWELL’s AI tools into Intrahealth’s EHR to create an AI-powered next-generation EHR offering. Intrahealth is being acquired from WELL Health Technologies Corp., which previously acquired Intrahealth in 2021.

Mullen Group Ltd. entered into a letter of intent to acquire ContainerWorld Forwarding Services Inc. and its operating subsidiaries, a Richmond, British Columbia-based logistics provider focused on alcoholic beverage and hospitality supply chains. The transaction is expected to close in Q2 2024 subject to due diligence, regulatory approval, and final closing conditions, and will be funded from Mullen Group’s existing credit lines. ContainerWorld will operate within Mullen Group’s Logistics & Warehousing segment and founder Dennis Chrismas will continue to oversee the business during the transition.

SandboxAQ announced it has acquired Good Chemistry, a Vancouver-based computational chemistry company, to expand SandboxAQ’s AI simulation capabilities for drug discovery and materials design. The deal adds Good Chemistry’s software products (QEMIST Cloud and Tangelo), talent, and customer/partner relationships; financial terms were not disclosed. Good Chemistry’s existing backers, including Green Sands Equity and others, will join the SandboxAQ investor base as part of the transaction.

Thrive Foods announced on Dec. 5 that it has acquired Canature, a producer of freeze-dried pet food and treats. Canature, founded in 2010 and headquartered in Langley, British Columbia, will add technical freeze-drying and wet-processing capabilities and a facility near Vancouver to Thrive Foods. Thrive Foods is backed by private equity firms Entrepreneurial Equity Partners (e2p) and Mubadala Capital, making the deal an add-on acquisition.

Cloyes Gear & Products, Inc. acquired Rotomaster, a global turbocharger and component specialist. The transaction terms were not disclosed, and the combination is intended to expand product offerings and market coverage in the automotive aftermarket.

Permobil has acquired PDG Mobility, a Vancouver, British Columbia-based designer and manufacturer of manual “tilt-in-space” wheelchairs. The deal expands Permobil’s manual wheelchair and complex rehabilitation portfolio by adding PDG’s tilt-in-space product range and related expertise. Financial terms were not disclosed.

Allentown, LLC, a portfolio company of Aterian Investment Partners, acquired Northwestern Systems Corporation (doing business as BetterBuilt). Headquartered in Delta, British Columbia, BetterBuilt manufactures vivarium washing equipment and automation solutions for biomedical pre-clinical research and life sciences. The deal represents Allentown’s first strategic add-on acquisition since Aterian acquired Allentown in April 2022.

GeoComply Solutions Inc. has acquired OneComply Inc., a licensing and compliance management platform serving companies in highly regulated markets such as gaming and fintech. The combination expands GeoComply’s compliance and risk offerings by adding OneComply’s centralized licensing automation and ongoing compliance management capabilities. Financial terms were not disclosed.

ScalePad acquired ControlMap, a governance, risk, and compliance (GRC) platform built for managed service providers (MSPs). The combination expands ScalePad’s offerings into automated cybersecurity compliance (Compliance as a Service) across frameworks such as SOC 2, HIPAA, CMMC2, and ISO 27001, integrating with ScalePad’s MSP-focused product suite.

ScalePad announced the acquisition of Cognition360, a business intelligence and analytics platform built for Managed Service Providers (MSPs). The deal expands ScalePad’s offerings into BI & analytics and is intended to integrate Cognition360’s data warehouse and predictive analytics capabilities with ScalePad’s existing MSP software suite.

Copley Equity Partners LLC made an investment in Triton Environmental Consultants Ltd., an environmental consulting firm serving major infrastructure projects across Canada. Existing shareholders retained significant ownership and will continue to lead the business; financial terms were not disclosed.

Axis Insurance Managers completed the acquisition of BMG Aviation Ltd., doing business as BMG Insurance Brokers, effective June 1, 2022. BMG is a privately owned western Canadian insurance brokerage specializing in aviation and aerospace risks, and the combined business will operate under the Axis brand to strengthen Axis’s aviation and aerospace insurance practice nationally.

Koios Beverage Corp. signed a definitive agreement (dated April 5, 2022) to acquire all issued and outstanding securities of privately held Retox Beverage Corp. The transaction consideration consists of 15,000,000 Koios units at a deemed value of $0.10 per unit (aggregate $1.5 million), and is expected to close on or before April 30, 2022 subject to customary conditions and regulatory approvals.

Right Time Group of Companies acquired The Comfort Group, a residential HVAC and indoor air quality services provider based in Parksville, British Columbia. The deal supports Right Time’s western Canada expansion and brings The Comfort Group’s management and employees into the Right Time network. Transaction terms were not disclosed; Right Time is majority-owned by Gryphon Investors.

Portage CyberTech Inc., a majority-owned subsidiary of Converge Technology Solutions Corp., acquired 1CRM Systems Corp., a SaaS-based CRM and business management software provider headquartered in Victoria, Canada. The purchase price included $3 million in cash at closing plus up to $2 million in earn-out payments over two years based on milestone achievement.

PSG, together with its portfolio company ShieldCo, acquired Traction Guest, a cloud-based visitor management and workforce security software provider. The deal expands ShieldCo (backed by PSG V) and is intended to accelerate product innovation and growth in the workplace safety and visitor management market.

Rocscience Inc. acquired Vancouver-based geotechnical software provider NovoTech Software. The deal expands Rocscience’s geotechnical software capabilities and global footprint, with NovoTech continuing to operate under its own name while operations are streamlined. As part of the arrangement, NovoTech CTO Alireza Afkhami will join Rocscience to lead its Web Applications Development team.

White Wolf Capital Canada Inc. and its affiliates acquired Weatherhaven, a portable infrastructure, base, and shelter solutions provider headquartered in Burnaby, British Columbia. White Wolf is partnering with industry veteran Ray Castelli, who will continue as CEO, to support the company’s growth and U.S. expansion plans. Financial terms of the transaction were not disclosed.

ScalePad received a significant, non-control equity investment from Integrity Growth Partners (IGP), marking the first outside capital raised by ScalePad since its founding. The partnership is intended to accelerate ScalePad’s growth while allowing the company to remain independent and founder-led.

RST / Measurand, a portfolio company of Vance Street Capital LLC, announced the acquisition of 3vGeomatics (3vG). The deal expands RST / Measurand’s geotechnical instrumentation and cloud-based monitoring capabilities by adding 3vG’s InSAR satellite radar analytics for ground and infrastructure displacement monitoring. Financial terms were not disclosed.

PDFTron Systems Inc. announced a strategic growth investment from private equity firm Thoma Bravo to accelerate innovation and expand its document processing technology platform. Existing investors Silversmith Capital Partners and the PDFTron management team will remain significant shareholders. The transaction is expected to close by the end of May 2021, subject to customary conditions.

WELL Health Technologies Corp. has entered into a share purchase agreement to acquire 100% of Intrahealth Systems Limited for approximately $19.25 million in cash, WELL shares, a holdback, and a potential earn-out. Intrahealth provides enterprise electronic medical record (EMR) and clinical healthcare software with customers across Canada, Australia, and New Zealand, and the deal is intended to expand WELL’s EMR offerings and international footprint.

ABC Financial, a Thoma Bravo portfolio company providing fitness industry software and services, has acquired Trainerize, a Vancouver-based mobile fitness solution for personal training and member engagement. The deal expands ABC’s SaaS offering with a mobile-first platform that supports workouts, virtual training, nutrition planning, and lifestyle coaching for clubs, trainers, and members. Trainerize’s team will join ABC, and the product will be sold both as an add-on module for ABC clients and as a stand-alone solution.

CAI Capital Partners closed an investment in RebalanceMD Canada Ltd., a Victoria, British Columbia-based operator of musculoskeletal care medical clinics offering orthopedic surgical procedures and non-surgical services. The investment will fund RebalanceMD’s growth through opening new clinics initially in British Columbia and Alberta, with longer-term expansion across Canada.

Crafty Apes, a visual effects company and portfolio company of Gemspring Capital, has acquired Vancouver-based CVD VFX. The deal expands Crafty Apes’ presence into Vancouver and adds CVD’s CG, compositing, and design capabilities serving film and episodic/streaming productions.

Uplight announced that it has acquired Ecotagious, a SaaS-based energy insights platform company that uses machine learning and smart meter disaggregation to help utilities drive customer energy savings. The acquisition expands Uplight’s suite of customer-centric energy action solutions for the utility industry and strengthens its capabilities in personalized, appliance-level energy insights.

The Smith Cameron Group (SCG) acquired Westcan Industries and its sister company Indu-Tech effective March 1, 2019. Westcan provides industrial and municipal pump rebuild, repair, parts manufacturing, and engineering/technical services, while Indu-Tech manufactures specialty instrument isolation valves used in industrial and water & wastewater plant operations. The acquisition expands SCG’s ability to provide end-to-end equipment lifecycle services to industrial and municipal clients across Canada.

Fraser Valley Building Supplies acquired two Maglio Building Centres retail locations in British Columbia, expanding its footprint in the West Kootenays. The stores were previously owned by Tony Maglio and family, and will be converted to the RONA banner with planned renovations and expanded product offerings.

Lighthouse Equity Partners, a Vancouver-based private equity firm, acquired AdPerfect, a Vancouver, British Columbia-based SaaS platform for self-serve web-based classified advertising solutions for publishing groups. Progress Partners advised AdPerfect on the transaction and represented the company in the sale.

Cansel Survey Equipment Inc. acquired Dowco Technology Services (DTS), the software reseller business of Dowco Group of Companies. DTS resells construction technology software solutions for contractors, architects, engineers, and other construction professionals. Madison Street Capital served as exclusive advisor to Dowco on the divestiture.

QA Labs Inc., a Vancouver-based software testing and quality assurance services provider, was acquired by US Technology Resources LLC (USTRI). Financial terms were not disclosed, and 7 Mile Advisors served as sell-side advisor to QA Labs. The deal expands USTRI’s capabilities in dedicated QA/testing services and its North American and global delivery footprint.