Industrial Services Acquisitions in Canada

Komar Industries has acquired Metro Compactor Service, Inc., BaleForce Recycling Equipment Inc., and Chute Source LLC to create a unified North American waste and recycling equipment and services platform. The deal expands Komar's equipment portfolio, service network and IoT capabilities—strengthening its presence in Canada and increasing its ability to serve multi-tenant residential and commercial customers across North America.

Barrow Safety Services Inc., Black Gold Emergency Response Planners Inc. and Firemaster Oilfield Services Inc. have merged to form FM Safety Services Ltd., creating an integrated industrial safety services platform. The combined company will offer emergency response, fire services, air monitoring, industrial medical and safety training across Canada and the United States, with offices in Calgary, Red Deer, Grande Prairie and Hinton.

Hoskin Group, a Canada-based portfolio company of River Associates Investments, has acquired Calgary-based Westech Industrial, a supplier of analytical instrumentation and process control equipment. The add-on transaction closed on January 30, 2026 and expands Hoskin's national industrial and process instrumentation platform, creating cross-selling and capability extension opportunities.

Reliability Won, a Battery Ventures–backed asset-reliability platform, has acquired Fluid Life, a lubrication and oil-analysis provider with four laboratories across the U.S. and Canada. The deal expands Reliability Won’s capabilities into oil-condition monitoring as an add-on to its existing Knowledge pillar and will keep Fluid Life operating under its existing brand and leadership.

Ficodis Group, a Montreal-based multispecialist industrial distributor, has acquired Tytan Glove and Safety, an Ontario-based supplier of personal protective equipment (PPE) with distribution centres in Guelph and Edmonton. The acquisition expands Ficodis' Canadian footprint, strengthens its occupational health and safety offering, and adds Tytan's online ordering, VMI and distribution capabilities to support faster nationwide delivery.

Fresnillo plc, through its wholly-owned affiliate Fresnillo Quebec Acquisition Inc., has completed the acquisition of Probe Gold Inc. for C$3.65 per share (approximately CA$770 million). The deal takes Probe private, will lead to delisting from the TSX, and gives Fresnillo entry into Canada with Probe's Novador project and a ~10Moz gold resource base and a 1,798 km² exploration land package in Quebec.

Chemelex has acquired substantially all assets and ongoing operations of Electric Heat Trace Group Ltd. (EHT Group), including its SmartTrace cloud and on‑premises monitoring platform. The acquisition expands Chemelex's digital capabilities for heat tracing—combining SmartTrace with Chemelex's Raychem Elexant controllers and field services to deliver predictive maintenance and remote monitoring to industrial customers.

Hoskin Scientific Ltd., a portfolio company of River Associates Investments, has acquired Davis Controls, an Oakville, Ontario-based provider of industrial automation and process control solutions. The add-on transaction closed on November 21, 2025 and is intended to expand Hoskin's national product and service offering in test, measurement and process instrumentation across Canada.

Vance Street Capital has acquired a majority stake in Damotech, the Boisbriand, Quebec-based provider of warehouse rack safety products, engineering services, and inspection software. Mountaingate Capital sold its majority interest but will reinvest alongside Vance Street, and Damotech management will retain a material ownership position as the buy-side partner supports geographic and product expansion and targeted M&A to accelerate growth.

Komline-Sanderson Group, Inc. has acquired BI Pure Water, a Surrey, British Columbia–based provider of custom-engineered modular and skid-mounted water and wastewater treatment systems. The transaction, advised by Generational Group, closed on October 30, 2025 and expands Komline-Sanderson’s capabilities and geographic footprint in engineered water treatment solutions.

AngloGold Ashanti plc has completed its acquisition of Augusta Gold Corp., with Augusta Gold shareholders receiving C$1.70 per share. Augusta Gold will become a wholly-owned subsidiary of AngloGold Ashanti, and Augusta Gold expects to be delisted from the TSX and to cease OTCQB quotation.

Pan American Silver Corp. has completed its acquisition of all issued and outstanding common shares of MAG Silver Corp. The transaction gives Pan American a 44% joint-venture interest in the high-grade Juanicipio silver mine in Zacatecas, Mexico, plus full ownership/earn-in of MAG's Larder and Deer Trail exploration projects; MAG shareholders received US$500 million in cash and ~60.2 million Pan American shares.

OPTEL Group has acquired Vanguard Robotics, a specialist in end-of-line collaborative-robot (cobot) automation for regulated pharmaceutical environments. The acquisition expands OPTEL's automation capabilities—combining Vanguard's turnkey palletizing cobot systems with OPTEL's track-and-trace and vision solutions—to better serve pharmaceutical manufacturers globally.

MC Machinery Systems Inc. has acquired Ferro Technique Ltd., a Mississauga-based multi-line distributor of machine tools, from Argyle Capital Partners and investment partner Sharno Group. The transaction gives MC Machinery expanded distribution and service capabilities in eastern Canada (Ontario, Quebec and the Maritimes) and represents a strategic geographic and service-network expansion for the buyer.

Arctic Blue Diamonds Ltd. acquired an 89.7% interest in the WO Diamond Project, obtaining a controlling stake in the DO27 kimberlite by purchasing 72.1% from Peregrine Diamonds Ltd. (a De Beers Canada subsidiary) and 17.6% from Archon Minerals Ltd. Arctic Blue will operate the WO Joint Venture, hold diamond marketing rights for future production, and pursue further studies and development options including potential Underwater Remote Mining (URM) technology deployment and off‑site processing of high‑grade diamond concentrate.

Alsco Uniforms, a family-owned uniform and linen rental company based in Salt Lake City, has acquired Topper Linen and Uniform Service, a Toronto-based textile rental and commercial laundry operator. The acquisition adds Topper's 54,000-square-foot Toronto facility, a fleet of route vehicles and more than 90 employees, expanding Alsco's footprint and service capacity in the Greater Toronto Area.

Morgan Stanley Capital Partners (MSCP) acquired Thermogenics, a North American provider of industrial and commercial boiler lifecycle solutions, from Audax Private Equity's Origins strategy in a transaction that closed on June 10, 2025; terms were not disclosed. Headquartered in Aurora, Ontario with over 250 employees and multiple North American locations, Thermogenics expanded its U.S. footprint and capabilities under Audax through six add-on acquisitions and operational improvements; MSCP's investment is positioned to support the company's next phase of growth and geographic expansion.

Westbridge Capital has acquired Delta Marine Service, a yacht repair and maintenance provider based in Sidney, British Columbia. Westbridge said it will support Delta's next phase of growth by enhancing operations, expanding regional reach and investing in talent and infrastructure; day-to-day leadership will be assumed by General Manager Jason Chupick while founder Brian Coverley will transition to the board.

SGS has acquired Streamline Control, a North American provider of industrial control systems and operational technology services, to strengthen its IIoT, SCADA and industrial analytics capabilities across North America. About 45 Streamline Control professionals will join SGS, expanding the company's offerings to clients in renewable energy, utilities, oil & gas and manufacturing.

Sentinel Dock & Door Solutions, a Trivest-backed Canadian dock and door services platform, has acquired Door Doctor, a Montreal-based provider of commercial overhead door and loading-dock services. The add-on expands Sentinel's footprint into Quebec and Eastern Ontario while allowing Door Doctor to retain its brand and access Sentinel's operational resources.

Trivest Partners launched Sentinel Dock & Door Solutions, a Canada-focused platform consolidating three regional dock and door service providers: Lenworth Building Services, Pro-Door & Dock Systems, and Mar‑Lin Dock & Door. The platform, led by CEO Travis Allan and backed by Trivest, will pursue additional acquisitions to expand service capabilities and geographic coverage across Canada.

JM Test Systems, a Kanbrick-backed provider of test and measurement equipment and calibration services, has acquired BHD Instrumentation, a Canadian specialist in industrial products and ISO 17025 calibration solutions. The add-on expands JM Test's geographic footprint into Canada and will partner with BHD CEO Adam Hesse to grow locations and service offerings across Canadian end markets.

FloWorks International LLC, a Wynnchurch Capital portfolio company, has acquired CAC Industrial Equipment Ltd., a Victoria, British Columbia–based distributor of pumps and pump repair services. The deal expands FloWorks' pumps offering and strengthens its presence in Canada; CAC will continue to serve customers across mining, aggregate, water and other industrial end markets.

Convergint has acquired Delco Security (a division of Delco Automation Inc.), a Canadian master systems integrator, adding over 70 colleagues and expanding Convergint's systems-integration capabilities and market reach across Canada. The acquisition strengthens Convergint's capabilities in healthcare, education, utilities, corrections and government markets by adding Delco's expertise in ICAT/IMIT integration and other advanced building technology solutions.

LFM Capital’s portfolio company SureKap has rebranded as Excelis Packaging Automation and acquired Kraken Automation, a Canada-based specialist in high-speed material handling, case packing and cartoning systems. Financial terms were not disclosed; the acquisition expands Excelis’ turnkey packaging automation capabilities and adds secondary packaging and material-handling expertise to the platform.

The Universal Group, a CAI Capital Partners portfolio company, has acquired Barricades and Signs Ltd., a leading traffic control and sign manufacturer headquartered near Edmonton, Alberta. CAI and equity co-investors including BDC Capital, Roynat Equity Partners and Frind Enterprises invested in the combined organization, while Jan van Bruggen will continue to lead Barricades and become a shareholder in the Universal Group.

Industrial Inspection & Analysis (IIA) has acquired Canada-based Kova Engineering Ltd., adding Kova’s lift inspection, NDT and certification capabilities and 15 Canadian offices to IIA’s footprint. The deal makes IIA the largest third-party lift inspection provider in North America and expands its engineering and inspection capabilities across multiple industries.

LineStar Utility Supply Inc., a portfolio company of CAI Capital Partners, has acquired Distributions Limotrique Inc., a Sherbrooke-based distributor and service provider of powerline technician tools and high-voltage equipment. The deal strengthens LineStar's presence in Quebec and expands its product and service offering; debt financing was provided by Scotiabank and CAI/LineStar were advised by Blake, Cassels & Graydon LLP.

Red Iron Group, a Menlo Park-based private investment firm, has made a growth equity investment in EverLine Coatings and Services to support systems enhancements, expand franchise and service capacity, and accelerate North American expansion. EverLine’s founder and CEO John Evans will continue to lead the company and retain ownership as the business scales.

Apave Group has acquired IRISNDT, a non-destructive testing (NDT), inspection and asset integrity engineering services provider, from private equity owner First Reserve. Financial terms were not disclosed; the acquisition expands Apave's global footprint and capabilities across North America, the United Kingdom and Australia while positioning IRISNDT to continue its growth trajectory.

The Hoskin Group, a Canadian test-and-measurement platform owned by River Associates, acquired Measur, a Canadian specialist distributor of drones, materials testing and geomatics equipment. The add-on deal expands Hoskin's product and technical capabilities and extends its national sales and distribution reach across construction, mining, oil & gas and public safety end markets.

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.

Integrated Power Services (IPS) has acquired DUAL-Électrotech Inc., a Sherbrooke, Quebec-based provider of low-, medium- and high-voltage electrical products and services. The acquisition expands IPS's power management product and service capabilities and strengthens its substation engineering, maintenance and field services presence across Canada and the Northeastern United States.

Audax Private Equity has acquired Total PowerGen Solutions (TPGS) from Trivest Partners. The transaction positions TPGS as a North American platform for Audax's buy-and-build strategy to accelerate organic growth and expand into the U.S.; terms were not disclosed.

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.

PGW Auto Glass has acquired PH Vitres d'Autos and affiliates from Driven Brands, adding more than 300 employees and 22 locations across eastern Canada to its network. The acquisition expands PGW's footprint in Quebec, Ontario, New Brunswick and Nova Scotia and integrates PH Vitres into PGW's technology and distribution platform, Everything Autoglass. PGW is a portfolio company of One Equity Partners, and the deal serves as an add-on to PGW's North American operations.

Westbridge Capital Ltd. has completed the acquisition of Berg Industrial Service, Inc., a 50-year-old, second-generation family business headquartered in Ontario that designs, installs and services industrial chilling systems and operates an associated engineering and fabrication business. The transaction includes a 10% equity participation by the Westbridge Capital Partners Income Trust. Management continuity was announced with Mark Edwards continuing as CEO, Rebecca Carothers joining as COO, and Michael Turner joining the board.

Sunbelt Solomon Services has acquired Maxima Power Group, a NETA-accredited electrical engineering, automation, and field services provider, in a deal that expands Sunbelt Solomon’s field services scale and geographic footprint across North and South America. The acquisition, backed by Trilantic North America, brings Maxima’s ~370 employees and nearly 20 locations into Sunbelt Solomon’s platform to broaden capabilities in power distribution equipment services and full lifecycle solutions.

RESA Power, a portfolio company of Investcorp, has acquired THE Chem Lab Ltd., a Calgary-based laboratory providing power transformer fluid diagnostic and analysis services. The acquisition expands RESA Power's transformer service capabilities in Canada by adding a state-of-the-art insulation fluid testing laboratory and supports the company's predictive and preventative maintenance offerings for high-voltage equipment.

RESA Power, a portfolio company of Investcorp, has acquired PCA Valence Engineering Technologies Ltd., a Calgary- and Edmonton-based electrical testing and commissioning services provider. The deal expands RESA Power’s presence and technician roster in western Canada to better serve power distribution and industrial customers.

Blackstone Tactical Opportunities (part of Blackstone) has acquired Onyx-Fire Protection Services from TorQuest Partners. Onyx-Fire, headquartered in Mississauga, Ontario, is a leading Canadian provider of fire and life safety inspection, testing, repair and installation services and employs over 800 people.

Calgary-based private equity firm TriWest Capital Partners has partnered with The Fastener Group, uniting 15 previously separately owned fastener, tools and safety-gear locations across Western Canada under common ownership. The investment (TriWest’s first from Fund VI) will consolidate the business to drive scale, collaboration and operational improvements while keeping local service teams in place.

Contango ORE, Inc. agreed to acquire all issued and outstanding shares of HighGold Mining Inc. by a court-approved plan of arrangement, with HighGold shareholders to receive 0.019 Contango shares per HighGold share (implying ~US$37 million equity value). The arrangement received overwhelming shareholder approval and is expected to close in July 2024, adding HighGold's high-grade Johnson Tract deposit to Contango's Alaska-focused portfolio to materially increase resources and support near-term production growth.

Ramudden Global, a Triton Fund IV company, has signed an agreement to acquire RSG International, a North American provider of infrastructure safety services headquartered in Ontario, Canada. The add-on expands Ramudden Global's presence in North America and strengthens its offering across product development, distribution, installation and service management in road and infrastructure safety.

JENNMAR, a FalconPoint Partners portfolio company, has acquired the assets of Dumotech Industrial Products, a Rouyn-Noranda, Quebec-based manufacturer and distributor of products and hardware for the hardrock mining industry. The deal brings Dumotech's operating assets and certain customer relationships into JENNMAR while keeping operations at Dumotech's existing Quebec facility to strengthen JENNMAR's presence in the region.

Pacteon Group, a portfolio company of GenNx360 Capital Partners, has acquired Descon Integrated Conveyor Solutions, a provider of integrated conveyor systems for the food and beverage industry. Descon will operate as a subsidiary of Pacteon and the acquisition expands Pacteon's end-of-line packaging and product-handling capabilities to better serve food & beverage and CPG customers.

Hillcore Group completed the acquisition of CEDA from OMERS Private Equity effective June 18, 2024. CEDA, a Calgary-based provider of industrial maintenance, turnaround and environmental services with ~1,500 employees, will continue to be led by its existing management team and will join Hillcore's portfolio to support further growth and capability expansion.

Data Clean Corporation, a portfolio company of Angeles Equity Partners, announced the acquisition of DC Canada, Inc., a Canadian provider of critical-environment decontamination services for data centers. The add-on expands Data Clean’s contamination-control capabilities and geographic coverage in the Canadian data center market; terms were not disclosed.

Building Controls & Solutions (BCS) has acquired Yorkland Controls Limited, a Canadian distributor of building automation, combustion controls, and parts, marking BCS's expansion into Canada. The deal adds Yorkland’s technical expertise and inventory to BCS’s network (bringing it to 26 branches across the U.S. and Canada) and is an add-on to the PE-backed BCS platform.

Laurentide Controls, Eastern Canada’s largest industrial process automation supplier, has acquired Liquiteck Industrial Sales Inc., a distributor and service provider for industrial pumps. Liquiteck will continue operating under its name and keep its Valleyfield and Val d'Or facilities while benefiting from shared administrative services at Laurentide’s Kirkland, Quebec headquarters; financial terms were not disclosed.