Tracked deals
253
253 tracked deals across 2012-2026.
Who's Buying Industrial Services Companies in Canada
Buyer mix
Mixed buyer set
214 strategic · 101 pe
Top trend
Volume peaked in 2026
93 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Provincial focus: recent deals are concentrated in Ontario, Alberta, British Columbia, and Quebec.
- Expansion themes: environmental services, engineered materials/components, and industrial MRO and repairs recur across targets.
- Buyer mix: industrial operators and investors both appear—e.g., Brookfield Asset Management and Clearlake Capital Group, L.P. alongside operating platforms.
- Scale and structure vary: some deals are platform acquisitions (e.g., UCC Environmental acquiring CSP), while others are control recapitalizations (e.g., Glencore-backed consortium for Sherritt International).
- Sector examples: hydrovac and environmental infrastructure platforms (Protect Pharmaceutical Corp / Arvia brand) and HVAC engineering (SPX Technologies / Neptronic Inc.).
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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 |
|---|---|---|---|
| ASSA ABLOY | 3 | Global leader in access solutions, spanning door openings... | Strategic |
| AutoCanada Inc. | 3 | Canadian multi-location automotive dealership and collisi... | Strategic |
| BDC Capital | 3 | Investment arm of the Business Development Bank of Canada... | Investor |
| CAI Capital Partners | 3 | Vancouver-based private equity firm focused on partnering... | PE |
| Imperial Dade | 3 | Independent distributor of foodservice packaging, industr... | Strategic |
| Investcorp | 3 | Global alternative investment manager and private equity ... | PE |
| LOU-TEC | 3 | Quebec-based multi-location rental network of heavy machi... | Strategic (PE-backed) |
| RESA Power | 3 | Provider of power systems electrical testing, transformer... | Strategic (PE-backed) |
| River Associates Investments, L.P. | 3 | Lower-middle-market private equity firm that invests in n... | PE |
| Alta Equipment Group Inc. | 2 | Operator of an integrated equipment dealership platform t... | Strategic |
Acquisition Volume in Industrial Services in Canada by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
October 8, 2026
- Buyer
- United States Consortium (unnamed U.S. anchor investor), Kyma Capital Limited, Trifon Natsis, Glencore Ltd.
- Target
- Sherritt International Corporation
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Recapitalization
Sherritt International has received a fully-funded, non-binding recapitalization proposal from a Glencore-backed United States consortium that would acquire at least a 55% controlling stake in the company at C$0.12 per share. The consortium’s bid includes immediate equity funding with no third-party debt-financing condition and offers eligible existing shareholders the right to participate pro rata at the same price.
-
October 6, 2026
- Target
- New ATCO
- Seller
- ATCO Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Divestiture
ATCO plans to spin off its industrial services operations into New ATCO, a newly formed publicly traded company focused on housing, defence and investments including ports and retail energy. The separation is part of the announced arrangement and is expected to provide the businesses with dedicated leadership, capital and strategic focus; completion is tied to the broader transaction, which is expected to close in Q3 or Q4 2027.
-
- Buyer
- Flowco Holdings
- Target
- Lifting Solutions Energy Services
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Flowco Holdings has completed its acquisition of Lifting Solutions Energy Services for approximately $113 million in cash to expand its artificial lift portfolio and international operations. The deal was funded using borrowings under Flowco’s asset-based lending facility and is structured on a cash-free, debt-free basis.
-
September 28, 2026
- Buyer
- Colson Group
- Target
- Algood Caster Innovations
- Industry
- Industrial Services
- Location
- Canada
- Type
- Addon
Colson Group announced its acquisition of Algood Caster Innovations, a North American manufacturer of industrial and specialty casters, wheels, and mobility solutions. The deal expands Colson’s integrated engineering and manufacturing capabilities, adding additional production capacity and regional support in the Toronto area.
-
September 4, 2026
- Buyer
- Private Investor Group
- Target
- RMH Solutions
- Seller
- RMH Solutions
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Generational Group advised RMH Solutions, a Cambridge, Ontario-based material handling equipment and service provider, in its sale to a Private Investor Group. The transaction closed on August 13, 2026.
-
- Buyer
- AutoCanada Inc.
- Target
- Doug's Place Southgate
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
AutoCanada completed its acquisition of Doug's Place Southgate, an Edmonton-based collision repair business. The deal expands AutoCanada’s Edmonton collision platform by adding approximately 7,540 square feet of non-luxury collision repair capacity, strengthening OEM-certified capabilities and insurer Direct Repair Program relationships.
-
- Buyer
- Ranger Energy Services, Inc.
- Target
- STEP Energy Services (U.S. coiled tubing assets)
- Seller
- STEP Energy Services
- Industry
- Industrial Services
- Location
- Canada
- Type
- Buyout
Ranger Energy Services has entered into an agreement to acquire the U.S. coiled tubing assets of STEP Energy Services. The transaction includes 13 full coiled tubing spreads, related equipment and inventory, and certain property and vehicle lease obligations, with completion expected around September 11, 2026.
-
August 31, 2026
- Buyer
- Sterling Metals Corp.
- Target
- QcX Gold Corp.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Sterling Metals Corp. completed its acquisition of QcX Gold Corp. via a court-approved plan of arrangement. As a result, QcX shareholders received Sterling shares based on an exchange ratio, and QcX is expected to be delisted from the TSX Venture Exchange.
-
August 28, 2026
- Buyer
- Rio Tinto Canada Inc.
- Target
- Mogotes Metals Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Growth capital
Mogotes Metals closed a previously announced strategic investment by Rio Tinto Canada Inc. through a placement totaling approximately US$15 million. Rio Tinto also entered into a strategic and technical alliance with Mogotes focused initially on the Filo Sur project in the Vicuña district of Argentina and Chile.
-
August 24, 2026
- Buyer
- Exchange Income Corporation
- Target
- TerraPro Inc.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Exchange Income Corporation (EIC) has signed an agreement to acquire TerraPro Inc. for $30 million via a plan of arrangement. The deal is expected to close in early Q4 2026, subject to TerraPro shareholder approval and final court approval, and will expand EIC’s Environmental Access Solutions access-matting platform in Canada.
-
- Buyer
- Denarius Metals Corp., Copper Giant Resources Corp. (via its non-brokered private placement to Denarius)
- Target
- Copper Giant Resources Corp.
- Industry
- Industrial Services
- Location
- Canada
- Type
- Growth capital
Denarius Metals has closed its previously announced strategic equity investment in Copper Giant Resources through Copper Giant’s non-brokered private placement, purchasing 40,000,000 common shares for CAD 28.8 million. Following the financing, Denarius holds ~15.34% of Copper Giant and appoints its CEO, Federico Restrepo-Solano, to Copper Giant’s advisory board.
-
August 21, 2026
- Buyer
- UCC Environmental
- Target
- Cast Steel Products (CSP)
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
UCC Environmental has acquired Cast Steel Products (CSP), a Canada-headquartered supplier of engineered cast, forged, and fabricated wear-, abrasion-, and heat-resistant components. The deal is intended to expand UCC’s performance parts platform across mining and steel and broaden its engineered materials and component range.
-
August 18, 2026
- Buyer
- Tyro Group
- Target
- Pest Control Plus
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Tyro Group acquired Pest Control Plus, a pest management company serving residential, commercial, and property management customers across the Greater Toronto Area and throughout Ontario. The deal marks Tyro Group’s entry into the Canadian market and supports its strategy of partnering with strong local pest management firms.
-
August 5, 2026
- Buyer
- Altair Industries
- Target
- Central Wire Industries
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Altair Industries, a private equity firm focused on middle-market aerospace and defense and mission-critical industrial companies, announced it has acquired Central Wire Industries (CWI). CWI is a global manufacturer of specialty alloy wire and cable products serving aerospace, defense, industrial, medical, and energy markets.
-
August 5, 2026
- Buyer
- Cooper Machinery Services
- Target
- Alamo Industries Ltd., Alamo Turbocharger Services
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Addon
Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired Alamo Industries Ltd. and Alamo Turbocharger Services. The deal expands Cooper’s Turbocharger Solutions International (TSI) presence into the western United States and Canada and adds marine and small-frame natural gas turbocharger capabilities.
-
August 4, 2026
- Buyer
- DXP Enterprises, Inc.
- Target
- Mequipco Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
DXP Enterprises, Inc. (NASDAQ: DXPE) completed its acquisition of Mequipco Ltd. to establish a Canada beachhead for its DXP Water efforts. The company said Mequipco is headquartered in Calgary and will help DXP scale across Western and Eastern Canada.
-
- Buyer
- Amerit Fleet Solutions
- Target
- Triple Diamond Truck and Trailer Repair
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
Amerit Fleet Solutions acquired Triple Diamond Truck and Trailer Repair to expand Amerit’s Canadian footprint. Triple Diamond is an MTO-certified commercial truck and trailer maintenance and repair provider operating from a Mississauga facility, and the combination is expected to broaden service capabilities for commercial fleets across Canada.
-
- Buyer
- InterPro Recycling (division of InterPro Pipe & Steel), InterPro Pipe & Steel
- Target
- K&K Prairie Recycling Services, InterPro Prairie Recycling Inc.
- Seller
- Kevin Morgan (founder), Tony Thomsen
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
InterPro Recycling, a division of InterPro Pipe & Steel, has completed the acquisition of K&K Prairie Recycling Services, a scrap metal recycling business based in Camrose, Alberta. The deal strengthens InterPro’s integrated recycling-to-steel platform by improving reliability and cost-efficiency of its scrap supply chain and expanding its presence in the Alberta scrap market.
-
- Buyer
- Viably LLC
- Target
- Harp Renewables Ltd.
- Industry
- Industrial Services
- Location
- Canada
- Type
- Buyout
Viably LLC acquired Harp Renewables Ltd., adding organics processing technology, related intellectual property, and manufacturing expertise to Viably’s waste and recycling solutions platform. The acquisition became effective July 30, 2026 and integrates Harp’s technology and global installed base into Viably’s master brand as Viably expands its organics capabilities.
-
- Buyer
- Novagold Resources Inc., NovaGold Corporation (New NG)
- Target
- Donlin Gold LLC, Paulson’s Donlin Gold Holdings (Donlin Gold Holdings LLC and Donlin Gold Holdings II LLC)
- Seller
- Paulson Advisers LLC and its affiliates (Paulson)
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Novagold Resources entered into definitive agreements to acquire 100% ownership of the Donlin Gold project by increasing its existing 60% stake to full control through an all-share transaction with Paulson’s Donlin Gold Holdings. The deal will create a new U.S.-domiciled parent company (NovaGold Corporation / “New NG”), with Novagold shareholders owning ~65% and Paulson economically receiving ~35% on a fully diluted basis; closing is expected in Q4 2026.
-
- Buyer
- Brookfield Asset Management Ltd.
- Target
- Gregg Distributors LP
- Seller
- Gary Gregg family, Gregg Distributors LP employees (selling a portion of their shares)
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Brookfield Asset Management’s private equity business has agreed to acquire Edmonton-based industrial MRO supplier Gregg Distributors LP in a deal valuing the company at about C$1.6 billion (roughly $1.14 billion USD). Gregg will become a controlling stake for Brookfield, while the Gregg family and employees are expected to retain meaningful ownership positions. The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
-
July 24, 2026
- Buyer
- SPX Technologies, Inc.
- Target
- Neptronic Inc.
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Buyout
SPX Technologies, Inc. completed its acquisition of Neptronic Inc. for total cash consideration of CA$605 million (approximately US$430 million), subject to customary closing adjustments. Neptronic, based in Montreal, designs and manufactures engineered HVAC solutions, and will become part of SPX’s HVAC segment to expand precision thermal management and controls-enabled offerings.
-
July 24, 2026
- Buyer
- Green Infrastructure Partners (GIP), Green Infrastructure Partners Inc. (GIP)
- Target
- Potzus Paving & Road Maintenance Ltd., Truck Saver Service (Yorkton) Ltd.
- Industry
- Industrial Services
- Location
- Saskatchewan, Canada
- Type
- Addon
Green Infrastructure Partners (GIP) has expanded its Western Canada civil construction and services footprint through the dual acquisition of Potzus Paving & Road Maintenance Ltd. and Truck Saver Service (Yorkton) Ltd. The acquired businesses will be integrated into GIP’s operational network under the unified banner of GIP Potzus Paving Ltd., combining Potzus’s heavy civil and asphalt capabilities with Truck Saver Service’s mechanical and fleet maintenance expertise.
-
- Buyer
- Ensign Energy Services Inc.
- Target
- Citadel Drilling Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Ensign Energy Services has entered into an agreement to acquire all outstanding shares of Citadel Drilling for $65 million, subject to customary closing adjustments and conditions. The acquisition will add six high-spec alternating-current drilling rigs to Ensign’s Permian Basin operations, increasing its drilling capacity by approximately 20% and expanding its customer base and market share.
-
July 20, 2026
- Buyer
- Copper One Resources Corp.
- Target
- Rooinek Mining Corp.
- Seller
- Shareholders of Rooinek Mining Corp.
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Copper One Resources Corp. has entered into a definitive share exchange agreement to acquire 100% of Rooinek Mining Corp., issuing 14,000,000 Copper One common shares to Rooinek’s shareholders. The deal adds the Sport copper project (108 unpatented lode mining claims) in western Utah and is subject to customary closing conditions, including regulatory approvals and an NI 43-101 technical report.
-
July 20, 2026
- Buyer
- Silver Hammer Mining Corp.
- Target
- Stroud Resources Ltd., SilverMark Resources Inc.
- Industry
- Industrial Services
- Location
- Canada
- Type
- Buyout
Silver Hammer Mining Corp. entered into definitive agreements to acquire all of the issued shares of Stroud Resources Ltd. and SilverMark Resources Inc. via three-cornered amalgamations. The combined company (expected to be named Silver Frontier Mining Corp.) will expand Silver Hammer into a globally diversified silver exploration and development portfolio across Mexico and Morocco, with an expected closing in Q4 2026 and concurrent financing of up to C$10 million.
-
July 17, 2026
- Buyer
- Thrust Capital Partners
- Target
- Alphacasting Inc.
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Buyout
Thrust Capital Partners (TCP), a Canadian aerospace and defense-focused private equity firm, has acquired Alphacasting Inc., a Quebec-based precision titanium and aluminium investment casting company serving aerospace and defense customers. Alphacasting will be led by Louis Marc Pinard as CEO, with Frederik Centazzo remaining in a senior commercial role.
-
July 15, 2026
- Buyer
- Alimak Group
- Target
- Pro-Bel
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Alimak Group has signed an agreement to acquire Pro-Bel, a privately owned North American provider of suspended access and fall protection solutions headquartered near Toronto, Canada. The acquisition is intended to strengthen Alimak’s Facade Access division and expand Pro-Bel’s offering across North America, with closing expected in July 2026.
-
July 13, 2026
- Buyer
- Équipement St-Germain Inc. Group, Champlain Financial Corporation, Fondaction
- Target
- Jean-Claude Alary Inc. (Location Alary)
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Addon
Champlain Financial Corporation, with the participation of Fondaction, announced that Jean-Claude Alary Inc. (Location Alary) is joining the Équipement St-Germain Inc. Group. The acquisition adds Location Alary’s fleet to Équipement St-Germain’s platform, consolidating its position in heavy equipment rental across Quebec and Ontario.
-
- Buyer
- Industrial Refrigeration Pros (IR Pros), Sawmill Capital
- Target
- Prairie HVAC/R, Prairie HVAC/R (Winnipeg-area refrigeration, ice plant and mechanical solutions specialist)
- Seller
- Prairie HVAC/R
- Industry
- Industrial Services
- Location
- Manitoba, Canada
- Type
- Addon
Industrial Refrigeration Pros (IR Pros), backed by Sawmill Capital, acquired Prairie HVAC/R to establish its first Canadian operating company and enter Canada. The partnership combines IR Pros’ engineering, controls, compliance, and cold-envelope capabilities with Prairie HVAC/R’s Winnipeg-area manufacturing base and cold-climate expertise; the companies plan to triple manufacturing capacity and add 20–30 employees over the next couple of years.
-
- Buyer
- Saint-Gobain
- Target
- Xypex Chemical Corp.
- Seller
- TorQuest Partners
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Saint-Gobain agreed to acquire Xypex Chemical Corp., a provider of crystalline waterproofing admixtures and coatings, from TorQuest Partners for an undisclosed amount. The company said the deal will strengthen its construction chemicals platform and expand its presence in nonresidential and infrastructure markets, with expected close in the fourth quarter of 2026 subject to regulatory approvals.
-
- Buyer
- Teck Resources Limited, Canada Growth Fund Inc., Natural Resources Canada (Canada Critical Minerals Accelerator)
- Target
- Trail Operations smelting and refining complex (Trail Smelter), Teck's Trail Operations
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Growth capital
Teck Resources Limited, Canada Growth Fund Inc. (CGF), and Natural Resources Canada’s Canada Critical Minerals Accelerator have signed a Strategic Investment Agreement to support expanding production capacity for germanium, gallium, and antimony at Teck’s Trail Operations smelting and refining complex in British Columbia. The agreement provides a framework for CGF to invest up to C$400 million into the facility, alongside up to C$850 million of potential total investment by Teck, and includes an offtake structure with the Government of Canada for a portion of future output.
-
July 7, 2026
- Buyer
- Sentry Aerospares, Acorn Capital Management
- Target
- AirStart Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
Sentry Aerospares, a portfolio company of Acorn Capital Management, acquired AirStart Inc., an independent stocking distributor of rotable aircraft components focused on regional aircraft platforms. The deal expands Sentry’s inventory portfolio and strengthens its 24/7 AOG support network with AirStart’s facility near Toronto Pearson International Airport.
-
- Buyer
- Scandium Canada
- Target
- Ferreol Technologies
- Seller
- Not mentioned
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Buyout
Montreal-based Scandium Canada has acquired Québec City-based ski-maker Ferreol Technologies to commercialize its rare-earth scandium metal via lighter, high-performance scandium-enhanced aluminum alloys for aerospace and other advanced manufacturing applications. The deal cost $6.6 million in cash, stock, and assumed liabilities, and Ferreol was rebranded to Scalium+ and folded into Scandium Canada’s operations.
-
July 3, 2026
- Buyer
- Tricor Pacific Capital
- Target
- Arctec Alloys Limited, Rockmount Research & Alloys
- Seller
- Trenke family
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Addon
Tricor Pacific Capital acquired Arctec Alloys Limited, a Calgary-based supplier of specialty repair and maintenance welding consumables. The deal will merge Arctec with Tricor’s portfolio company, Rockmount Research & Alloys, creating a leading North American maintenance welding platform. Mark Trenke will continue as president of Arctec and remain an equity partner alongside Tricor.
-
July 2, 2026
- Buyer
- AutoCanada Inc.
- Target
- ACX Stratford (formerly Fix Auto Stratford)
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
AutoCanada announced the completion of its acquisition of a collision repair business in Stratford, Ontario, previously operating as Fix Auto Stratford and now operating as ACX Stratford. The deal expands AutoCanada’s Ontario collision repair footprint, adding capacity near its London-area operations and enabling growth via operational improvements and additional OEM certifications.
-
- Buyer
- TerraVest Industries Inc.
- Target
- Superior Pressure Vessels Inc.
- Seller
- Byron Dyck
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
TerraVest Industries Inc. acquired Superior Pressure Vessels Inc. (SPV), an Alberta-based manufacturer and service provider of pressurized transport tanks and trailers. The deal was funded using TerraVest’s existing credit facility and is expected to enhance TerraVest’s manufacturing capabilities in its Compressed Gas Equipment division.
-
- Buyer
- Champlain Financial Corporation, Desjardins Capital, Fondaction
- Target
- Boucher Lortie
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Growth capital
Boucher Lortie announced it has welcomed a strategic investor group led by Champlain Financial Corporation, along with Desjardins Capital and Fondaction, to support the company’s next phase of growth. The partnership is intended to strengthen operational capabilities and pursue consolidation opportunities, particularly in the Greater Québec City region and across Québec and Canada.
-
June 30, 2026
- Buyer
- Alfar Capital, Alfar Capital Partners II, L.P. (Fund II)
- Target
- 1-800-Radiator & A/C (Canada)
- Industry
- Industrial Services
- Location
- Canada
- Type
- Addon
Alfar Capital announced a strategic partnership with 1-800-Radiator & A/C (Canada) to build a national aftermarket distribution platform for heat exchangers, air conditioning, emissions, and rotating electrical parts for light- and heavy-duty vehicles. The investment is completed through Alfar Capital Partners II, L.P. (Fund II), and targets growth to 20-plus locations across Canada by FY30 as the founders continue operating the business.
-
- Buyer
- FyterTech Nonwovens, LLC, FyterTech Nonwovens Canada Ltd.
- Target
- SpilKleen (a division of 1000275604 Ontario LTD)
- Seller
- 1000275604 Ontario LTD (SpilKleen division)
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
FyterTech Nonwovens, LLC announced it has acquired SpilKleen, a Canadian distributor of spill control products, bringing it into its FyterTech Nonwovens Canada Ltd. platform. The deal is intended to strengthen local service, expand product access, and deepen customer relationships across Canada and North America.
-
June 25, 2026
- Buyer
- Thermogenics
- Target
- Prime Boiler Services
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Thermogenics announced its expansion into Western Canada through the acquisition of Red Deer-based Prime Boiler Services. The deal establishes a service platform across Alberta, British Columbia, and Saskatchewan, expanding Thermogenics’ technical workforce and engineering capabilities.
-
- Buyer
- Aecon Group Inc.
- Target
- Aecon Utilities Group Inc.
- Seller
- Funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (Oaktree)
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Aecon Group Inc. has entered into an agreement to purchase the convertible preferred equity investment held by Oaktree Capital Management’s Power Opportunities strategy in Aecon Utilities Group Inc. for $320 million. The deal is expected to close in the fourth quarter of 2026, after which Aecon will hold 100% of Aecon Utilities and capture the full economics of its electrical, communications, and pipeline distribution end-markets.
-
June 24, 2026
- Buyer
- PGW Auto Glass, One Equity Partners
- Target
- Windshield Surgeons
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Addon
PGW Auto Glass (a One Equity Partners portfolio company) has acquired Windshield Surgeons, a Canadian automotive glass business with an established presence in Alberta. The acquisition is intended to strengthen PGW’s Canadian footprint and expand its ability to serve customers with installation, calibration, and wholesale distribution solutions.
-
- Buyer
- Golden Star Capital Ventures Inc.
- Target
- Okanagan Insulation Services (2007) Ltd.
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Buyout
Golden Star Capital Ventures Inc. entered into a definitive share purchase agreement to acquire all issued and outstanding shares of Okanagan Insulation Services (2007) Ltd. for an aggregate purchase price of up to $4.5 million. The consideration includes $3.75 million in cash and $750,000 in Golden Star common shares, with a holdback and delayed share issuance over two years.
-
June 17, 2026
- Buyer
- Hitachi Energy
- Target
- Canduct Group, Canduct
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Hitachi Energy signed a definitive agreement to acquire Canduct Group, a manufacturer of transformer insulation kits and components. The acquisition expands Hitachi Energy’s North American transformer insulation and components capabilities to address a regional supply-chain bottleneck, with closing expected at the beginning of Q3 2026 (subject to customary conditions).
-
June 10, 2026
- Buyer
- AutoCanada Inc.
- Target
- Mascarin Collision Centre
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
AutoCanada announced the completion of its acquisition of Mascarin Collision Centre, a collision repair business based in Thunder Bay, Ontario. The deal expands AutoCanada’s collision repair footprint in Northwestern Ontario with added capacity and OEM certifications, while Mascarin continues operating with its local team.
-
- Buyer
- ATWEC Technologies, Inc.
- Target
- Park-Aid Asphalt and Maintenance Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
ATWEC Technologies, Inc. announced the successful closing of its acquisition of Park-Aid Asphalt and Maintenance Ltd., a heavy civil, asphalt, and infrastructure contractor serving the Edmonton, Alberta market. The company described the closing as a milestone in its corporate development strategy and indicated a new CEO would be announced.
-
June 6, 2026
- Buyer
- ESAB Corporation
- Target
- Eddyfi Technologies
- Industry
- Industrial Services
- Location
- Québec, Canada
- Type
- Buyout
ESAB Corporation completed its acquisition of Eddyfi Technologies, a global provider of advanced inspection and monitoring technologies. The deal expands ESAB’s industrial workflow portfolio beyond fabrication by adding Eddyfi’s instrumentation and monitoring capabilities.
-
June 3, 2026
- Buyer
- Astro Pak LLC
- Target
- Purepass Services, Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
Astro Pak LLC, a portfolio company of The Stephens Group, LLC, acquired Purepass Services, Inc., a provider of on-site and shop-based high purity cleaning services. The deal expands Astro Pak’s footprint in Canada and increases its total locations to 13 across the United States, Canada, and Puerto Rico.
-
June 2, 2026
- Buyer
- ASSA ABLOY
- Target
- Sentinel Dock & Door
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
ASSA ABLOY has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company headquartered in Ontario. The acquisition is intended to strengthen ASSA ABLOY’s direct channel presence and expand its footprint across Canada within its Entrance Systems division.
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Frequently Asked Questions
Which Canadian provinces show up most in these industrial services acquisitions?
Recent transactions are listed across Ontario, Alberta, British Columbia, and Quebec.
What types of industrial services businesses are being acquired?
The page highlights acquisitions across industrial MRO and maintenance/repair, engineered components and materials, environmental services and infrastructure, and scrap recycling.
Are the deals mostly acquisitions or recapitalizations?
Both appear. Many are acquisitions of operating companies, and at least one major transaction is a recapitalization involving Sherritt International for a controlling stake.
Do some buyers acquire to expand specific service lines?
Yes. For example, Exchange Income Corporation is expected to expand access-matting operations through TerraPro, and SPX Technologies is integrating Neptronic into its HVAC segment for thermal management and controls-enabled offerings.