Tracked deals
173
173 tracked deals across 2006-2026.
Who's Buying IT Services Companies in Canada
Buyer mix
Strategic-led
149 strategic · 55 pe
Top trend
Volume peaked in 2026
52 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Managed cloud and infrastructure remain a central theme (e.g., Hut 8’s Canadian managed cloud business acquired by Opti9 Technologies; multi-year colocation arrangement noted).
- ERP consulting and compliance-oriented services show up in enterprise software integration, such as SHEA Global joining smrtr under Solen Software Group.
- Managed IT and security capabilities are expanded via tuck-ins that add networking, cybersecurity, backup, and cloud infrastructure expertise (e.g., Framewerx + AD Micro Technology).
- Geographic coverage spans multiple provinces—notably Ontario, Quebec, British Columbia, Nova Scotia, and Alberta.
| Deal theme highlighted | Illustrative examples (from listed events) |
|---|---|
| Managed cloud / infrastructure | Opti9 Technologies acquires Hut 8’s Canadian managed cloud business |
| ERP implementation & support | Solen Software Group acquires SHEA Global for smrtr |
| Networking, cybersecurity, backup | Framewerx acquires AD Micro Technology |
| Tech-enabled facility management | Veritas Capital to acquire BGIS |
| Industry-specific technical platforms | Blackstone Energy Transition Partners to acquire DarkVision Technologies |
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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 |
|---|---|---|---|
| Accenture | 5 | Global professional services and consulting firm providin... | Strategic |
| Converge Technology Solutions Corp. | 3 | Software‑enabled IT and cloud solutions provider offering... | Strategic |
| Evergreen Services Group | 3 | Holding company that acquires and holds technology servic... | PE |
| M/C Partners | 3 | Private equity firm focused on digital infrastructure and... | PE |
| Alfar Capital | 2 | Private equity fund focused on control-equity investments... | PE |
| Alithya Group Inc. | 2 | North American strategy and digital transformation firm o... | Strategic |
| Atos | 2 | Global digital transformation and IT services provider of... | Strategic |
| Bell | 2 | Canada's largest communications company providing broadba... | Strategic |
| CGI Inc. | 2 | Global IT and business consulting firm providing systems ... | Strategic |
| Carbon60 | 2 | Pure‑play managed cloud service provider delivering manag... | Strategic (PE-backed) |
Acquisition Volume in IT Services in Canada by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- TXO
- Target
- Wesbell Communications
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
TXO has acquired Wesbell Communications for an undisclosed sum, expanding its end-to-end technology lifecycle platform. The acquisition adds network engineering, managed services, asset recovery, and third-party maintenance capabilities to TXO’s existing international operations and customer relationships.
-
September 11, 2026
- Buyer
- QuantumCore
- Target
- Avalanche PhotoniQ Inc.
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
QuantumCore completed its previously announced acquisition of 100% of Avalanche PhotoniQ, a developer of next-generation single-photon detector technology, for an aggregate purchase price of C$2.0 million. The deal adds a foundry-ready single-photon detector platform to QuantumCore’s quantum infrastructure hardware portfolio and supports its “picks and shovels” strategy for multi-architecture quantum computing.
-
September 3, 2026
- Buyer
- Opti9 Technologies LLC
- Target
- Hut 8’s Canadian managed cloud business (traditional managed cloud services business in Canada)
- Seller
- Hut 8
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Opti9 Technologies acquired Hut 8’s Canadian managed cloud business, including its traditional managed cloud services in Canada, with 10 team members transitioning to Opti9. Hut 8 will retain ownership of its Canadian data centers and continue operating its GPU and high-performance computing (HPC) business under a multi-year colocation agreement with Opti9.
-
September 1, 2026
- Buyer
- GI Partners
- Target
- Otodata Holdings Inc.
- Seller
- Existing shareholders, including Renovo Capital, Otodata management team (retaining minority stake)
- Industry
- IT Services
- Location
- Canada
- Type
- Growth capital
GI Partners has closed on a majority investment in Otodata Holdings Inc., giving the Montreal-based IoT company a new majority owner. Existing investor Renovo Capital and Otodata management will retain minority stakes as Otodata expands its remote monitoring platform for distributed tank assets used globally.
-
- Buyer
- Solen Software Group, smrtr, Inc.
- Target
- SHEA Global
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Solen Software Group announced the acquisition of SHEA Global, a Syspro-focused ERP consulting, implementation, and support provider. Following the transaction (closed in May 2026), SHEA Global will operate as part of smrtr, Inc., a Solen portfolio company serving manufacturing and distribution customers with business process automation and compliance management capabilities.
-
- Buyer
- Osedea
- Target
- Ventriloc
- Industry
- IT Services
- Location
- Quebec, Canada
- Type
- Addon
Osedea acquired fellow Québec-based tech consultancy Ventriloc for an undisclosed amount. The deal is intended to combine Osedea’s custom software and robotics/AI engineering with Ventriloc’s data and business intelligence expertise to win larger consulting engagements.
-
August 20, 2026
- Buyer
- ZenaTech, Inc.
- Target
- Cogswell Engineering, Ltd
- Industry
- IT Services
- Location
- Nova Scotia, Canada
- Type
- Buyout
ZenaTech, Inc. completed its acquisition of Canadian-based engineering firm Cogswell Engineering, Ltd. The deal adds civil and structural engineering capabilities to ZenaTech’s Drone as a Service (DaaS) platform and strengthens its footprint in Atlantic Canada across five provinces.
-
- Buyer
- Framewerx
- Target
- AD Micro Technology
- Industry
- IT Services
- Location
- British Columbia, Canada
- Type
- Buyout
Framewerx acquired AD Micro Technology to expand its managed IT services capabilities, geographic reach, and customer support operations. The deal combines Framewerx’s IT consulting, managed services, and AI-powered support platform with AD Micro Technology’s networking, cybersecurity, backup, cloud infrastructure, and printer/copier management experience.
-
August 5, 2026
- Buyer
- Dominion Lending Centres Inc., DLC Group (Dominion Lending Centres / DLCG)
- Target
- Filogix
- Seller
- Finastra Holdings Limited
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Dominion Lending Centres Inc. (DLCG) agreed to acquire Filogix from Finastra Holdings Limited for $58.5 million in cash. The deal adds Filogix’s Expert, Expert Plus, and FXLink mortgage connectivity platforms to DLC Group’s technology portfolio, including its Newton Connectivity Systems Velocity platform.
-
August 2, 2026
- Buyer
- Blackstone Energy Transition Partners (funds managed by Blackstone Energy Transition Partners)
- Target
- DarkVision Technologies Inc.
- Seller
- Koch Engineered Solutions (KES), Koch, Inc.
- Industry
- IT Services
- Location
- British Columbia, Canada
- Type
- Buyout
Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire DarkVision Technologies Inc. from Koch Engineered Solutions (KES), a unit of Koch. DarkVision is a leader in advanced ultrasound imaging used to inspect critical industrial infrastructure. Terms were not disclosed and the deal is subject to customary closing conditions.
-
July 31, 2026
- Buyer
- Green Star Royalties Ltd.
- Target
- Cerio (registered as Rockport Networks Inc.)
- Seller
- Cerio (Rockport Networks Inc.)
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Green Star Royalties Ltd. executed definitive agreements to acquire a 3% gross revenue royalty on Cerio’s current and future corporate-wide gross revenues. The royalty has total consideration of $3 million paid in cash, is expected to generate quarterly revenues over a 10-year term, and includes defensive protections such as a minimum quarterly revenue guarantee.
-
- Buyer
- ZenaTech, Inc.
- Target
- Velocity Geomatics Inc. (doing business as Velocity Group)
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Addon
ZenaTech has completed its acquisition of Grand Prairie, Alberta-based Velocity Geomatics Inc., doing business as Velocity Group, marking its 25th acquisition since it set a January 2025 goal to reach 25 by mid-2026. The deal expands ZenaTech’s Drone-as-a-Service offering into oil and gas environmental and regulatory compliance, including drone-based surveying, mapping, and pipeline-related assessments across Western Canada.
-
July 16, 2026
- Buyer
- Veritas Capital
- Target
- BGIS
- Seller
- CCMP Capital Advisors, LP, Alberta Investment Management Corporation (AIMCo)
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Veritas Capital has entered into a definitive agreement to acquire BGIS, a global technical integrated facilities management (IFM) provider, from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). Veritas will partner with BGIS CEO Gord Hicks and BGIS’ existing management team to support the company’s long-term growth strategy, including its digital facility management platform and AI-enabled roadmap. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions; financial terms were not disclosed.
-
July 13, 2026
- Buyer
- Safety Management Group, Gryphon Investors
- Target
- CrossSafety
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Safety Management Group (SMG) acquired CrossSafety, a Canadian health, safety, and environmental (EHS) services provider. The deal also includes CrossSafety’s TRH operations in the United States and Mexico, expanding SMG’s coverage across North America and adding ~150 EHS professionals.
-
- Buyer
- DATA Communications Management Corp. (DCM)
- Target
- Octacom Limited
- Seller
- Octacom shareholders, Octacom Holdings LP (LP)
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
DATA Communications Management Corp. (DCM) acquired Octacom Limited for $54.0 million on a cash-free and debt-free basis. The deal combines DCM’s print and digital workflow capabilities with Octacom’s intelligent document processing (IDP) and digital transformation solutions, including its Odiss cloud platform.
-
- Buyer
- Top Aces Inc.
- Target
- Select Global International
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Top Aces Inc. has completed its acquisition of Select Global International (SGI), a Canadian defense company focused on simulator-based fighter pilot instruction for the Royal Canadian Air Force (RCAF). The deal combines SGI’s synthetic training expertise with Top Aces’ live-fly operational training capabilities to support Canada’s transition to fifth-generation fighter capabilities.
-
June 16, 2026
- Buyer
- Infinite Investment Systems
- Target
- Paramax Solutions Inc.
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Infinite Investment Systems (Infinite) announced it has acquired Paramax Solutions Inc. (Paramax), a Canadian provider of post-trade technology solutions for Canada’s debt and equity markets. The deal expands Infinite’s financial services infrastructure capabilities by adding Paramax’s specialized post-trade, clearing, settlement, and straight-through processing expertise to Infinite’s portfolio management and wealth operations technology platform (Harmony and related offerings).
-
- Buyer
- Waste Solutions Canada
- Target
- PragmaTech Waste Solutions
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Waste Solutions Canada (WSC) announced its acquisition of PragmaTech Waste Solutions, a provider of waste management consulting, equipment solutions, and remote monitoring serving customers across Canada and the United States. WSC said the deal strengthens its tech-enabled managed waste services platform and expands U.S. market reach while enabling technology- and reporting-driven operational synergies.
-
May 27, 2026
- Buyer
- Kleinschmidt Inc.
- Target
- eBase Solutions
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Kleinschmidt Inc. has acquired eBase Solutions, an enterprise integration and automation firm. The deal combines Kleinschmidt’s external B2B supply-chain connectivity (EDI/API) with eBase’s internal integration capabilities, workflow automation, IoT/real-time visibility, and advanced data analytics to deliver end-to-end digital enterprise integration.
-
May 26, 2026
- Buyer
- Laurentide Controls
- Target
- C. Latendresse Inc.
- Industry
- IT Services
- Location
- Quebec, Canada
- Type
- Buyout
Laurentide Controls acquired C. Latendresse Inc., an industrial and commercial electrical contractor based in Charlemagne, Quebec. The transaction closed on May 25, 2026, and C. Latendresse will continue operating under its current brand during the transition period.
-
May 21, 2026
- Buyer
- Amerit Fleet Solutions
- Target
- Pro Reefer
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Amerit Fleet Solutions acquired Pro Reefer, a Canada-based fleet maintenance provider specializing in refrigerated (reefer) trailer and transport refrigeration unit maintenance. The deal expands Amerit’s refrigerated fleet service capabilities and grows its maintenance network into Canada for U.S.-Canada cross-border customers.
-
- Buyer
- Plenary Americas LP, 102236027 Saskatchewan Ltd.
- Target
- Information Services Corporation (ISC)
- Seller
- Holders of ISC Class A Limited Voting Shares (ISC shareholders), Crown Investments Corporation of Saskatchewan (Class B Golden Share / Golden Share rights)
- Industry
- IT Services
- Location
- Saskatchewan, Canada
- Type
- Buyout
Information Services Corporation (ISC) will be taken private in an all-cash transaction valued at approximately C$1.2 billion. Plenary Americas, through a wholly owned subsidiary, will acquire all outstanding Class A Limited Voting Shares for C$51.00 per share, with ISC continuing to operate independently and maintain its Regina, Saskatchewan headquarters.
-
May 21, 2026
- Buyer
- GE Vernova Inc.
- Target
- Robotech Automation
- Industry
- IT Services
- Location
- Quebec, Canada
- Type
- Buyout
GE Vernova signed a definitive agreement to acquire Robotech Automation, a specialized robotics and automation systems integrator based near Montreal, Quebec. The acquisition is intended to accelerate GE Vernova’s robotics and automation capabilities within its Advanced Research Center and support deployment across its global supply chain; financial terms were not disclosed.
-
May 20, 2026
- Buyer
- Locus Robotics
- Target
- Nexera Robotics
- Industry
- IT Services
- Location
- British Columbia, Canada
- Type
- Buyout
Locus Robotics announced the acquisition of Nexera Robotics, a Vancouver-based robotics company specializing in advanced robotic grasping technology. Nexera’s patented NeuraGrasp end-effector technology will be integrated into Locus Array to expand the range of SKU categories and manipulation tasks Locus robots can handle autonomously in fulfillment centers.
-
- Buyer
- Infrastructure at Goldman Sachs Alternatives, Goldman Sachs Alternatives
- Target
- QScale
- Industry
- IT Services
- Location
- Quebec, Canada
- Type
- Buyout
Infrastructure at Goldman Sachs Alternatives has closed its acquisition of QScale, a Canadian developer and operator of next-generation, AI-ready data centers, in partnership with QScale’s founders and management team. QScale’s management will continue to lead the business and retain headquarters in Québec as the company expands AI data center campuses across Canada.
-
May 14, 2026
- Buyer
- Nooma
- Target
- Paiday, NumaTrack
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Paiday, a payroll management platform built for Canadian accounting and bookkeeping firms, and NumaTrack, an AI-native payroll infrastructure company, announced they are merging to form Nooma. The new platform consolidates firm-level payroll visibility with AI-native payroll automation and integrations across HR and time management, designed exclusively for accounting professionals managing payroll at scale.
-
May 3, 2026
- Buyer
- Tech Mahindra
- Target
- Avant Techno Solutions
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Tech Mahindra has acquired Avant Techno Solutions, a Canada-based provider focused on payments modernization and wealth platform capabilities. The deal is intended to strengthen Tech Mahindra’s offerings for banking, financial services, and insurance, including areas like real-time payments, ISO 20022 migration, core banking transformation, and wealth management platforms.
-
- Buyer
- Skyview Equity
- Target
- Upserve U.S. hospitality product line (Upserve)
- Seller
- Lightspeed Commerce Inc.
- Industry
- IT Services
- Location
- Quebec, Canada
- Type
- Divestiture
Lightspeed Commerce announced the sale of its non-core Upserve U.S. hospitality product line to Skyview Equity for total cash consideration of up to $81 million. The deal includes $44 million fixed cash consideration (with $20 million paid at closing and most of the remainder within 90 days) and an earnout of up to $37 million over 24 months tied to performance targets.
-
April 27, 2026
- Buyer
- Net at Work
- Target
- Endeavor4's Sage Intacct practice
- Seller
- Endeavor4
- Industry
- IT Services
- Location
- Canada
- Type
- Divestiture
Net at Work acquired Endeavor4’s Sage Intacct practice. The deal expands Net at Work’s ERP consulting and managed services capabilities for small and mid-size businesses, with select Endeavor4 Sage Intacct employees joining Net at Work.
-
April 21, 2026
- Buyer
- Prometheus Group
- Target
- Tamarack
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Prometheus Group, an enterprise asset management (EAM) software company, acquired Tamarack, a group purchasing organization (GPO) and strategic procurement platform serving asset-intensive industries. The deal expands Prometheus Group’s platform by adding procurement and supply chain workflows—linking asset planning and maintenance execution with sourcing, supplier agreements, and benchmarking tools.
-
April 14, 2026
- Buyer
- Q4 Inc.
- Target
- Virtua Research
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Q4 Inc. announced it has acquired Virtua Research to bring Virtua’s sell-side consensus database and financial modeling tools into Q4’s AI-driven investor relations (IR) Ops platform. The combined offering is intended to automate consensus tracking, reduce manual reconciliation, and help IR and finance teams identify estimate discrepancies and changes in analyst expectations ahead of earnings.
-
- Buyer
- Neuberger, GIC, Apollo S3, StepStone, Onex Partners
- Target
- Fidelity Building Services Group (Fidelity), PowerSchool, Sedgwick
- Seller
- Onex Partners V, Onex Partners IV, Onex Partners III
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Recapitalization
Onex Partners announced the successful closing of a $1.6 billion multi-asset continuation vehicle that transferred interests in Fidelity Building Services Group, PowerSchool, and Sedgwick from Onex Partners’ prior funds into a newly formed vehicle. The new vehicle is backed by institutional investors including Neuberger, GIC, Apollo S3 and StepStone, providing liquidity and rollover options to existing limited partners.
-
- Buyer
- Francisco Partners Management, L.P., Apollo Purchaser, Inc.
- Target
- Blackline Safety Corp.
- Seller
- Blackline Safety shareholders (as selling holders in the arrangement), DAK Capital Inc., Lowy Family Group, Cody Slater, Brad Gilewich
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
Francisco Partners agreed to acquire Blackline Safety Corp. in a cash-and-contingent-value-right deal valuing the equity at about USD 804 million and up to USD 850 million including contingent payments. Under the definitive arrangement agreement, Blackline shareholders will receive $9.00 per share in cash at closing plus a CVR worth up to $0.50 tied to Blackline achieving annualized recurring revenue (ARR) targets by October 31, 2027.
-
March 31, 2026
- Buyer
- David Aplin & Associates Inc. (Aplin)
- Target
- Vantix Systems Inc.
- Seller
- Vantix founder Adrian Van Os
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
David Aplin & Associates Inc. (Aplin) has acquired Vantix Systems Inc., an enterprise technology consulting and IT services firm. The deal expands Aplin’s technology capabilities across staff augmentation, application management services (AMS), and custom application/product development, with Vantix operating as a wholly owned subsidiary.
-
- Buyer
- HR Path
- Target
- Covalence Consulting Inc.
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
HR Path announced the strategic acquisition of Covalence Consulting Inc., an HCM technology consulting firm specializing in UKG and Infor solutions. The acquisition is intended to accelerate and deepen HR Path’s North American UKG practice and expand delivery capabilities across the United States and Canada.
-
March 27, 2026
- Buyer
- Ecolab Inc., KKR & Co. Inc., Mubadala Investment Company PJSC
- Target
- CoolIT Systems Inc.
- Seller
- KKR & Co. Inc., Mubadala Investment Company PJSC
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
Ecolab agreed to acquire Calgary-based liquid cooling technology provider CoolIT Systems for about US$4.75 billion in cash. The deal expands Ecolab’s Global High-Tech growth engine and strengthens its Cooling-as-a-Service offering for AI data centers by combining CoolIT’s direct-to-chip liquid cooling with Ecolab’s water, chemistry, and digital services expertise.
-
March 26, 2026
- Buyer
- Motorola Solutions Canada Networks Inc., Motorola Solutions
- Target
- Bell Mobility land mobile radio (LMR) networks services business, Bell Canada land mobile radio (LMR) networks services business
- Seller
- Bell Mobility, Bell Canada, BCE Inc.
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Motorola Solutions Canada Networks Inc. has entered into a definitive agreement to acquire Bell Mobility’s land mobile radio (LMR) networks services business from Bell Canada and BCE Inc. for CAD 675 million, subject to customary adjustments and a deferred net working capital settlement. The transaction is expected to close in Q4 2026, pending regulatory and third-party approvals and other customary closing conditions.
-
March 26, 2026
- Buyer
- Frontenac, Owner Resource Group (ORG)
- Target
- Bill Gosling Outsourcing
- Seller
- Owner Resource Group (ORG) affiliates (majority ownership seller), Bill Gosling family/board member Dave Rae (implied legacy, not an explicit seller)
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Recapitalization
Chicago-based private equity firm Frontenac announced the recapitalization of Bill Gosling Outsourcing, a Barrie, Ontario-headquartered business process outsourcing (BPO) platform focused on accounts receivable management, customer experience, and other back-office services for enterprise clients. The company’s board member Dave Rae will remain on the board post-close, and Vipul Khanna will assume the CEO role at Bill Gosling after the transaction closes; financial terms were not disclosed.
-
- Buyer
- Synergie
- Target
- Agilus Work Solutions
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
Synergie closed its transaction to acquire a majority stake in Agilus Work Solutions, following a Jan. 26, 2026 agreement. The deal expands Synergie’s North American footprint by combining Agilus’s Canada network of 14 branches with Synergie’s existing Canadian operations.
-
March 16, 2026
- Buyer
- Aurora Energy Research
- Target
- EDC Associates Ltd.
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
Aurora Energy Research announced it is acquiring EDC Associates Ltd., an Alberta-focused energy market consultancy. The deal is intended to expand Aurora’s local expertise and market coverage for the Alberta electricity market, including its transition to the Restructured Energy Market (REM) in 2027.
-
- Buyer
- Mastercam Canada, Mastercam (affiliate; part of Sandvik Group), Sandvik Group
- Target
- In-House Solutions
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Mastercam Canada, an affiliate of Mastercam and part of the Sandvik Group, completed the acquisition of its longtime channel partner In-House Solutions. In-House Solutions will operate as Mastercam Canada, transitioning from a partner model to direct operations to expand Mastercam’s Canadian market presence and improve regional support for manufacturers.
-
February 27, 2026
- Buyer
- TLM
- Target
- SimplyPHP
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
TLM, a Canadian technology product development company, acquired SimplyPHP, a Canadian provider of senior PHP development and staff augmentation services. SimplyPHP and TLM will continue to operate independently, with SimplyPHP’s management team and employees remaining in place and Bhaskor Guha appointed CEO of SimplyPHP.
-
February 18, 2026
- Buyer
- AYCE Capital
- Target
- Solid Technology Solutions (Solid Tech)
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Addon
AYCE Capital announced an investment in Solid Technology Solutions (“Solid Tech”), an Edmonton-based managed services provider focused on serving the Alberta healthcare sector. AYCE will provide additional scale and back-office functions (sales, finance, and vendor management) to help Solid Tech compete more effectively in formal procurement and strengthen long-term growth.
-
February 17, 2026
- Buyer
- NameSilo Technologies Corp.
- Target
- Reach Systems, Inc.
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
NameSilo Technologies Corp. has closed its acquisition of Reach Systems, Inc. for a total purchase price of $4.5 million under a definitive share purchase agreement dated February 5, 2026. The deal integrates Reach’s remote inspection robotics and subsea camera/winch and cable/tether management solutions with NameSilo’s SewerVUE platform to improve vertical integration, supply chain control, reduce lead times, and lower system build costs.
-
February 16, 2026
- Buyer
- Innovobot
- Target
- Inflight Canada Inc.
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Innovobot, an investment and innovation platform, announced it has acquired Inflight Canada Inc. (IFC), a provider of certified aircraft cabin systems and passenger experience solutions. The acquisition builds on years of collaboration and is intended to accelerate IFC’s innovation, product development, and expansion in the global inflight passenger experience market.
-
February 16, 2026
- Buyer
- Innovia Consulting
- Target
- 365Vertical, 365 Cannabis
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Innovia Consulting has acquired Microsoft partner firms 365Vertical and 365 Cannabis to expand its industry‑focused Microsoft Dynamics 365 Business Central portfolio. The deal brings specialized ERP and seed‑to‑sale capabilities and teams into Innovia to broaden vertical solutions for regulated industries such as cannabis, agriculture, and manufacturing.
-
February 10, 2026
- Buyer
- Canadian Business Growth Fund (CBGF)
- Target
- Appficiency Inc.
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Growth capital
Appficiency Inc., a global IT consulting firm and software business, announced it received a minority equity investment from the Canadian Business Growth Fund (CBGF). The funding is intended to accelerate AI innovation, expand Appficiency’s delivery capabilities, and support growth across enterprise technology platforms including Oracle NetSuite, Salesforce, and Microsoft.
-
February 3, 2026
- Buyer
- Ricoh Canada Inc., Ricoh Company, Ltd.
- Target
- ET Group
- Seller
- Pistil Enterprises Ltd.
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Ricoh Canada has acquired ET Group, a Toronto-based workplace technology and collaboration integrator focused on secure enterprise audiovisual (AV) and hybrid workplace solutions. ET Group will operate as a wholly owned subsidiary of Ricoh Canada while continuing to run independently under its existing leadership team.
-
February 2, 2026
- Buyer
- Nelnet, Inc., Nelnet Canada, Inc.
- Target
- Finastra's Canadian student loan servicing business
- Seller
- Finastra Holdings Limited
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Nelnet, Inc., together with its wholly owned subsidiary Nelnet Canada, Inc., acquired Finastra Holdings Limited’s Canadian student loan servicing business. The deal was completed on February 2, 2026, for CAD $130.5 million in cash, following a definitive purchase agreement signed on October 22, 2025.
-
January 30, 2026
- Buyer
- Hoskin Group, Hoskin Scientific, River Associates Investments, L.P.
- Target
- Westech Industrial, Westech
- Industry
- IT Services
- Location
- Canada
- Type
- Addon
River Associates Investments’ Canada-based portfolio company, Hoskin Group (Hoskin Scientific), has completed the acquisition of Calgary-based Westech Industrial. The transaction closed on January 30, 2026, and expands Hoskin’s industrial and process instrumentation platform in Canada.
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Frequently Asked Questions
What types of IT services acquisitions show up most often in Canada?
Managed cloud and infrastructure, enterprise software/ERP consulting (including implementation and support), and managed IT services that bundle networking, cybersecurity, backup, and related platform capability.
Which Canadian provinces appear most frequently in the recent deals listed?
Ontario and Quebec appear repeatedly, alongside British Columbia, Nova Scotia, and Alberta; some transactions are described more broadly across Canada.
Do these deals typically involve technology platforms, service teams, or both?
Both are common. Examples include acquisitions that add delivery teams (e.g., managed cloud staff) and combine platform technology with ongoing service operations.
Are deal terms like price always disclosed?
No. Some transactions include stated consideration (for example, the $58.5M agreement involving Dominion Lending Centres and Filogix), while others note that financial terms were not disclosed and are subject to customary closing conditions.