Tracked deals
211
211 tracked deals across 2012-2026.
Who's Buying Manufacturing Companies in Canada
Buyer mix
Mixed buyer set
148 strategic · 126 pe
Top trend
Volume peaked in 2021
40 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Platform and capability expansion themes appear in deals like Canfor Corporation’s engineered wood push (PinkWood’s I-joist business) and Pursuit Aerospace’s addition of machining capacity for flight-safety-critical components.
- Complementary fit / manufacturing integration shows up in protective coverings and related textiles, including Canadian Tarpaulin Manufacturers (CTM) acquiring Denham Awning Makers (DAM).
- Maintaining continuity after acquisition is explicitly stated in the Royer purchase of Baffin Footwear (brand, leadership, employees, and operations in Stoney Creek).
- Private equity-backed growth is evident in Platinum Equity’s investment in LMPG Inc and Birch Hill’s controlling stake in Velan Inc.
- Geographic concentration includes Ontario, Quebec, Alberta, British Columbia, and Saskatchewan, reflecting Canada’s regional manufacturing footprint.
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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 |
|---|---|---|---|
| Crestview Partners | 4 | Middle-market private equity firm that established and ca... | PE |
| Lynx Equity Limited | 4 | Toronto-based private equity firm focused on acquiring an... | PE |
| TorQuest Partners | 4 | Canadian-based private equity firm that invests in middle... | PE |
| Electrical Components International, Inc. | 3 | Global supplier of electrical distribution systems, contr... | Strategic (PE-backed) |
| Exchange Income Corporation | 3 | Diversified, acquisition-oriented company focused on aero... | Strategic |
| Export Development Canada | 3 | Canadian crown corporation providing trade and export fin... | Mixed |
| Graham Partners Growth (Graham Partners) | 3 | Private investment firm focused on technology-driven comp... | PE |
| Ironbridge Equity Partners | 3 | Toronto-based private equity firm focused on investing in... | PE |
| Namakor Holdings | 3 | Privately held investment/holding firm focused on acquiri... | PE |
| Ronin Equity Partners | 3 | Operationally-focused private equity firm making control ... | PE |
Acquisition Volume in Manufacturing in Canada by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 5, 2026
- Buyer
- L.P. Royer inc., Royer
- Target
- Baffin Limited, Baffin business (Baffin Footwear Inc.)
- Seller
- Canada Goose Holdings Inc., Canada Goose Inc.
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
L.P. Royer has acquired the Baffin business/brand from Canada Goose Holdings Inc. Baffin will continue operating as a separate brand within the Royer Group, with its team, leadership, employees, and Stoney Creek operations preserved.
-
- Buyer
- Platinum Equity, François-Xavier Souvay, W Investments, Peter Timotheatos, LMPG management team
- Target
- LMPG Inc.
- Seller
- Existing institutional investors
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Platinum Equity made a significant investment in LMPG Inc., a Montreal-based manufacturer of specification-grade lighting solutions for commercial and infrastructure applications across North America. Financial terms were not disclosed, and LMPG founder François-Xavier Souvay, W Investments, CEO Peter Timotheatos, and management rolled their equity while Platinum acquired outstanding shares from existing institutional investors.
-
July 27, 2026
- Buyer
- Conestogo Partners
- Target
- Roadtrek Inc.
- Seller
- Groupe Rapido, Erwin Hymer Group North America (EHGNA)
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Roadtrek Inc., a Canadian Type B motorhome manufacturer, has been acquired by Conestogo Partners, a U.S.-based “permanent capital” ownership group focused on outdoor recreation. The company will continue operating from its Cambridge, Ontario facilities under its current leadership team, with the Roadtrek brand and key Wave model designs continuing for the 2027 model year.
-
- Buyer
- Goldgroup Mining Inc.
- Target
- Gold Resource Corporation
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
Goldgroup Mining Inc. completed its merger with Gold Resource Corporation (GRC) in an arrangement pursuant to the previously announced plan of merger. GRC shareholders received 0.3619 Goldgroup common shares for each share of GRC, and GRC was delisted as it became a wholly owned subsidiary of Goldgroup.
-
- Buyer
- Canadian Tarpaulin Manufacturers Ltd. (CTM)
- Target
- Denham Awning Makers (DAM)
- Industry
- Manufacturing
- Location
- Saskatchewan, Canada
- Type
- Buyout
Canadian Tarpaulin Manufacturers Ltd. (CTM) announced it has acquired Denham Awning Makers (DAM), a Saskatoon-based manufacturer of custom boat covers, residential awnings, and specialty fabric products. The deal brings DAM’s workforce into CTM and is positioned as a complementary fit that strengthens CTM’s protective coverings manufacturing platform.
-
June 15, 2026
- Buyer
- Birch Hill Equity Partners Management Inc.
- Target
- Velan Inc.
- Seller
- Velan Holding Co. Ltd., Two other entities associated with shareholders of Velan Holding
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Velan Inc. announced the closing of the sale of its controlling shareholder’s interest in Velan Holding Co. Ltd. to funds managed by Birch Hill Equity Partners Management Inc. Birch Hill acquired about 72.1% of Velan’s outstanding shares (91.9% of voting rights) for aggregate gross proceeds of C$203.9 million to Velan Holding and related shareholder entities.
-
- Buyer
- Canfor Corporation
- Target
- PinkWood Ltd.
- Seller
- PinkWood Ltd.
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Buyout
Canfor Corporation agreed to purchase PinkWood Ltd.’s I-joist business for $68.0 million (including working capital) to expand its value-added engineered wood manufacturing capabilities in Western Canada. PinkWood will retain its name and operate as a wholly owned subsidiary of Canfor, and the deal is expected to close in Q3 2026 (later reported as completed on July 3, 2026).
-
June 9, 2026
- Buyer
- Pursuit Aerospace
- Target
- Leesta Industries, Inc.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Pursuit Aerospace completed its strategic acquisition of Quebec-based Leesta Industries, a manufacturer specializing in machining flight-safety-critical aeroengine components. The deal expands Pursuit’s aeroengine machining and fabrication capabilities, adding advanced manufacturing and automation expertise and strengthening its offerings across Pratt & Whitney engine platforms.
-
- Buyer
- The Alkaline Water Company, Inc.
- Target
- Eureka Beverages Inc.
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Buyout
The Alkaline Water Company, Inc. (OTC: WTER) signed a letter of intent to acquire 100% of the equity of Eureka Beverages Inc., an Edmonton, Alberta bottling and canning company focused on private label beverage manufacturing and co-packing. The proposed deal is intended to expand WTER’s North American manufacturing footprint and strengthen its Canadian private label capabilities via Eureka’s Health Canada-compliant facility.
-
May 8, 2026
- Buyer
- Marcal Paper
- Target
- St. Catharines Tissue Mill
- Seller
- BiOrigin Specialty Products
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Marcal Paper has completed its acquisition of the St. Catharines Tissue Mill, a premium Through-Air-Dried (TAD) tissue and specialty paper producer located in St. Catharines, Ontario. The mill was previously owned by BiOrigin Specialty Products, and terms of the transaction were not disclosed.
-
- Buyer
- Invera Flexibles
- Target
- PolyExpert Inc., Polykar Industries Inc.
- Industry
- Manufacturing
- Location
- Canada
- Type
- Buyout
PolyExpert Inc. and Polykar Industries Inc. completed a merger of equals to form Invera Flexibles, a North American flexible packaging platform with over $200 million in combined sales and 350 employees. The new company is backed by Kent Road Capital (majority investor) and MontClerc Capital, with President and CEO Amir Karim and employee shareholders also participating.
-
- Buyer
- Canfor Corporation
- Target
- Canfor Pulp Products Inc.
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
Canfor Corporation completed its acquisition of all remaining shares of Canfor Pulp Products Inc. it did not already own, bringing ownership to 100% via a court-approved plan of arrangement in British Columbia. Former Canfor Pulp shareholders received either Canfor shares (0.0425 per Canfor Pulp share) or cash ($0.50 per share), and the deal will result in Canfor Pulp delisting from the Toronto Stock Exchange.
-
March 12, 2026
- Buyer
- Norea Capital
- Target
- Metalunic
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Norea Capital acquired a majority stake in Metalunic, with three members of the manufacturer’s management team investing as minority shareholders. Metalunic is a Quebec-based producer of high-end metal siding and roofing panels, selling primarily in Canada and expanding U.S. sales via distributors.
-
February 28, 2026
- Buyer
- Haworth
- Target
- Tayco
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Haworth, a commercial furniture and interior solutions manufacturer, acquired a majority shareholding in Tayco, a Toronto-based office furniture and case goods manufacturer. The deal is intended to strengthen Haworth's footprint in Canada and expand its manufacturing capabilities and product range for dealers and customers across North America.
-
February 20, 2026
- Buyer
- Soteria Flexibles AcquireCo Ltd., Soteria Flexibles Corp., TJC LP
- Target
- Imaflex Inc.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Soteria Flexibles AcquireCo Ltd., an affiliate of Soteria Flexibles Corp., acquired Imaflex Inc. through a plan of arrangement, purchasing all outstanding common shares for CAD $2.35 per share in cash (about CAD $123 million equity value). The transaction received final court approval on February 20, 2026 and was completed on or about February 27, 2026, with expected TSX Venture delisting on March 3, 2026.
-
February 17, 2026
- Buyer
- Blue Bird Corporation
- Target
- Micro Bird joint venture (Micro Bird Inc.)
- Seller
- Girardin Group
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Blue Bird Corporation signed an agreement to acquire Girardin Group’s stake in the 50/50 Micro Bird joint venture, taking full ownership of the business. The transaction is valued at approximately $200 million and is expected to close in the first half of calendar year 2026, pending regulatory approvals and other closing conditions.
-
January 20, 2026
- Buyer
- SPX Technologies, Inc.
- Target
- Thermolec Ltd.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
SPX Technologies has completed the acquisition of Montréal-based Thermolec Ltd. for CA$195 million (approximately US$140 million). Thermolec, a manufacturer of custom electric duct heating and related HVAC solutions with nearly 200 employees and about US$35 million in annual revenue, will join SPX's HVAC Electric Heat business to expand product capabilities and grow sales in the U.S. and Canada.
-
- Buyer
- CompoSecure (rebranded to GPGI, Inc.), Platinum Equity, PIPE investors (private placement participants)
- Target
- Husky Technologies Limited
- Seller
- Platinum Equity
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
CompoSecure completed its business combination with Husky Technologies on January 12, 2026, rebranding the corporate entity to GPGI, Inc. The combined business is valued at $7.4 billion and was funded by a ~$2.0 billion PIPE, a ~$1.0 billion equity rollover from Platinum Equity, and ~$2.0 billion of debt; Husky will operate as a standalone reporting segment alongside CompoSecure under the new permanent-capital platform.
-
January 7, 2026
- Buyer
- Trystar
- Target
- Island Technical Installations (ITI)
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
Trystar has acquired Island Technical Installations (ITI), a Victoria, British Columbia–based electrical equipment engineering, manufacturing, and services company specializing in low- and medium-voltage switchgear and mobile substation solutions. The acquisition expands Trystar’s custom LV/MV switchgear capabilities and service offerings and brings ITI’s teams and new Arlington, Texas production facility into Trystar’s North American platform.
-
January 1, 2026
- Buyer
- Davis-Standard
- Target
- Deacro Industries Ltd., Brampton Engineering Inc., Gamma Machinery
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Divestiture
Davis-Standard announced the amalgamation of its Canadian specialty brands Deacro Industries Ltd., Brampton Engineering Inc., and Gamma Machinery into a single operating entity, Davis-Standard Canada Inc., effective January 1, 2026. The consolidation is intended to combine engineering and product capabilities, improve operational efficiency, and provide integrated global service and aftermarket support to customers in packaging, medical and other end markets.
-
December 30, 2025
- Buyer
- Salt Creek Capital
- Target
- Nanoptix Inc.
- Seller
- Daniel Vienneau
- Industry
- Manufacturing
- Location
- New Brunswick, Canada
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired a controlling stake in Nanoptix Inc., a Dieppe, New Brunswick-based manufacturer of thermal printing solutions for the gaming, lottery, kiosk and POS markets. Founder and CEO Daniel Vienneau sold his controlling ownership position and moved into an advisory role while long-time CFO Jacques LeBlanc was promoted to CEO to lead the company through its next growth phase.
-
December 17, 2025
- Buyer
- Continuim Equity Partners
- Target
- MindCore Technologies, Inc.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Continuim Equity Partners has acquired MindCore Technologies, a Terrebonne, Quebec-based designer and manufacturer of high-voltage and extra-high-voltage switching solutions for electric utilities. Continuim will partner with MindCore's existing management team (who remain shareholders) to expand manufacturing capacity, add complementary product offerings, and open a new U.S. production facility to support North American utility customers.
-
December 10, 2025
- Buyer
- ProAmpac Holdings Inc., ProAmpac, PPC
- Target
- TC Transcontinental Packaging (TCP)
- Seller
- TC Transcontinental (Transcontinental Inc.)
- Industry
- Manufacturing
- Location
- Canada
- Type
- Buyout
ProAmpac completed its acquisition of TC Transcontinental Packaging (TCP) from TC Transcontinental for cash proceeds of $2.1 billion. The deal unites TCP’s advanced packaging capabilities and global footprint with ProAmpac’s sustainability, speed-to-market, and material science capabilities.
-
November 13, 2025
- Buyer
- UCC Environmental
- Target
- Trimay Wear Plate Ltd.
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Buyout
UCC Environmental has acquired Trimay Wear Plate Ltd., a Canadian specialist in wear overlay, hardfacing and alloy cladding technologies. The acquisition enhances UCC's capabilities in high-wear industrial applications—strengthening its product portfolio and technical expertise to improve equipment reliability and service life for heavy industrial customers.
-
- Buyer
- GPT Industries LLC, Branford Castle Partners
- Target
- Integrated Rectifier Technologies Inc.
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Addon
GPT Industries, a Branford Castle Partners portfolio company, has acquired Integrated Rectifier Technologies Inc. (IRT), an Alberta-based manufacturer of transformer rectifiers and cathodic protection control systems. The add-on strengthens GPT's product portfolio and remote monitoring capabilities, expanding its corrosion-mitigation offerings for energy, utilities and infrastructure customers worldwide.
-
October 23, 2025
- Buyer
- Wood Technologies International, One Equity Partners
- Target
- Norwood Sawmills
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Addon
Wood Technologies International (WTI), the One Equity Partners–backed owner of USNR and Burton Mill Solutions, has acquired Norwood Sawmills. Norwood will continue to operate from Barrie, Ontario and retain its brand, product names, dealer network and warranties while gaining access to WTI's broader capabilities, R&D and technical support.
-
September 29, 2025
- Buyer
- AeriTek Global Holdings LLC, Mill Point Capital LLC
- Target
- Minus Forty QBD Corp (Due North)
- Seller
- Ronin Equity Partners
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Addon
AeriTek Global Holdings (a portfolio company of Mill Point Capital) has acquired Minus Forty QBD Corp, doing business as Due North, combining AeriTek’s Imbera and Torrey businesses with Due North’s QBD and Minus Forty brands to create a scaled North American manufacturer and distributor of refrigerated display cases. Ronin Equity Partners, which formed Due North in 2021, is exiting the investment as part of the transaction and intends to run a GP-led continuation vehicle to bring in new minority investors in the expanded group.
-
September 3, 2025
- Buyer
- W. Graeme Roustan, Roustan Capital
- Target
- TRUE Hockey, TRUE Lacrosse, TRUE Baseball, TRUE Sports (operating name post-transaction)
- Seller
- TRUE Temper Sports Inc.
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
W. Graeme Roustan has signed a definitive agreement to acquire TRUE Hockey, including related intellectual property and assets for TRUE Lacrosse and TRUE Baseball, from TRUE Temper Sports Inc. The transaction will transfer TRUE Hockey’s global operations and is expected to close within 60 days, subject to customary regulatory approvals.
-
April 7, 2025
- Buyer
- Reichmann Segal Capital Partners, Athletica Sport Systems Inc.
- Target
- OES Inc.
- Seller
- Ardenton Capital Corporation
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Addon
Reichmann Segal Capital Partners has acquired OES Inc. from Ardenton Capital Corporation in a move to expand its sports infrastructure platform and invest in electronic manufacturing services (EMS) and custom technologies. The deal will integrate OES' LED video scoreboards, EMS capabilities and scoring/timing software with Reichmann Segal's existing portfolio company Athletica, with OES CEO Jeff Stewart remaining in place; terms were not disclosed.
-
April 2, 2025
- Buyer
- Soluroc Inc.
- Target
- Fuller Industrial Corporation
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Soluroc Inc., a Canadian wear-resistant solutions manufacturer, has acquired Fuller Industrial Corporation, a Sudbury-based maker of custom-engineered and rubber-lined process piping. The transaction expands Soluroc’s manufacturing capabilities and strengthens its presence in the mining and industrial sectors across the Americas.
-
- Buyer
- LSI Industries Inc.
- Target
- Canada's Best Holdings (Canada's Best Store Fixtures)
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
LSI Industries (Nasdaq: LYTS) acquired Ontario-based Canada’s Best Holdings (operating as Canada’s Best Store Fixtures) in an accretive, all-cash transaction with a $24.0 million purchase price plus a $7.0 million performance earnout (total potential consideration of $31.0 million). The deal expands LSI’s turnkey retail fixtures, custom display and installation capabilities in Canada, adds ~120 employees and four manufacturing/distribution facilities, and is expected to be immediately accretive to margins and EPS.
-
- Buyer
- Barricades and Signs Ltd., Universal Group, CAI Capital Partners, BDC Capital, Roynat Equity Partners, Frind Enterprises
- Target
- Airmaster Sales Ltd.
- Seller
- Liz MacCharles, Quentin MacCharles, Keith MacCharles
- Industry
- Manufacturing
- Location
- Manitoba, Canada
- Type
- Addon
CAI Capital Partners’ portfolio company Universal Group, through its subsidiary Barricades and Signs Ltd., has acquired Airmaster Sales Ltd., a Winnipeg-based manufacturer of traffic control signs serving Manitoba and Saskatchewan. CAI’s equity co-investors in the combined organization include BDC Capital, Roynat Equity Partners and Frind Enterprises; members of the MacCharles family (Liz, Quentin and Keith) will remain involved during the transition.
-
- Buyer
- Borouge Group International, Abu Dhabi National Oil Company (ADNOC), OMV
- Target
- Nova Chemicals
- Seller
- Mubadala
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Buyout
Abu Dhabi National Oil Company (ADNOC) and OMV announced they will merge to form Borouge Group International, a new polyolefins chemicals group. As part of the transaction, Borouge Group International will acquire Nova Chemicals from Mubadala for $13.4 billion, with the overall deal expected to close in the first quarter of 2026.
-
February 6, 2025
- Buyer
- Coeur Mining, Inc.
- Target
- SilverCrest Metals Inc.
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
Coeur Mining, Inc. entered into a definitive agreement to acquire all issued and outstanding shares of SilverCrest Metals Inc. via a court-approved plan of arrangement. SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest share, implying about a US$1.7 billion equity value.
-
February 3, 2025
- Buyer
- Toromont Industries Ltd.
- Target
- AVL Manufacturing Inc.
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Toromont Industries Ltd. has acquired a 60% ownership stake in AVL Manufacturing Inc., a Hamilton, Ontario-based designer and fabricator of power generation and energy storage enclosures that serves the data centre market across eastern North America. The purchase was paid in cash and Toromont shares, and Toromont has committed to buying the remaining 40% by agreed dates through 2031 based on performance; the acquisition secures supply for Toromont Power Systems and is not expected to have a material near-term impact on combined results.
-
February 1, 2025
- Buyer
- Union Park Capital
- Target
- AML Oceanographic
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
Union Park Capital, a Boston-based private equity firm, has acquired AML Oceanographic, a Victoria, British Columbia-based manufacturer of oceanographic and hydrographic equipment. The deal launches Union Park's new marine technology platform to pursue growth across hydrography, water quality monitoring, subsea infrastructure and defense markets; terms were not disclosed.
-
January 30, 2025
- Buyer
- NAMAKOR Holdings
- Target
- Metallomax Inc.
- Seller
- Maxime Picard, Pascal Picard
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
NAMAKOR Holdings has acquired Metallomax Inc., a Quebec-based manufacturer of specialized lift platforms and elevating equipment. The founders, Maxime and Pascal Picard, will remain involved in advisory roles as NAMAKOR positions Metallomax for growth and geographic expansion under new leadership.
-
January 15, 2025
- Buyer
- Blade Air
- Target
- InnerEco Environmental Inc.
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Blade Air has acquired InnerEco Environmental Inc., bringing InnerEco’s residential HVAC filtration brands (including Cimatec, Airscreen, ToxBox and ESSA) into Blade Air’s portfolio to accelerate the company’s entry into the residential market. The deal expands Blade Air’s product offering from commercial sustainable filtration into consumer and contractor channels across North America, aiming to improve energy efficiency, reduce waste, and simplify filter replacement for homeowners and HVAC professionals.
-
January 9, 2025
- Buyer
- Speyside Equity Advisers
- Target
- GSC Technologies, Inc.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Speyside Equity Advisers completed the acquisition of GSC Technologies, a North American manufacturer of plastic storage and organization products. The private equity firm said the deal will provide new capitalization and operational support to fuel GSC's next phase of growth and value creation.
-
December 5, 2024
- Buyer
- Hydraulic Technologies, Wynnchurch Capital, L.P.
- Target
- Hydra-Slide
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Growth capital
Hydraulic Technologies, a Rockford, Illinois-based manufacturer of high-pressure hydraulic tools and a portfolio company of Wynnchurch Capital, has made a growth investment in Hydra-Slide, a Guelph, Ontario-based maker of skidding and hydraulic heavy-lift systems. The transaction is intended to expand Hydraulic Technologies' engineered heavy-lift and skidding product offerings and support Hydra-Slide's next phase of growth.
-
December 3, 2024
- Buyer
- Fortress Investment Group
- Target
- Infra Pipe Solutions
- Seller
- Wynnchurch Capital
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Funds managed by affiliates of Fortress Investment Group have acquired a majority stake in Infra Pipe Solutions (IPS), a North American manufacturer of HDPE pipes and structures. Wynnchurch Capital exited the company; IPS management retained a minority stake and Fortress plans to invest to expand capacity and capture strong infrastructure demand across water, telecom and mining markets.
-
November 4, 2024
- Buyer
- Canerector
- Target
- Promac Industries Inc.
- Seller
- Sean Monaghan
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Type
- Buyout
Canerector has acquired Promac Industries Inc., a Calgary-based precision machining and downhole tooling specialist serving the energy services sector. The deal brings enhanced turning, milling, design consultation and prototyping capabilities into Canerector's network and was completed with Promac's former owner, Sean Monaghan, supporting the transition.
-
October 31, 2024
- Buyer
- AMETEK, Inc.
- Target
- Virtek Vision International
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
AMETEK, Inc. has acquired Virtek Vision International, a Waterloo, Ontario–based developer and manufacturer of laser-based projection and AI-driven inspection systems. The acquisition brings Virtek into AMETEK’s Electronic Instruments Group to complement its Creaform business and broaden automated 3D scanning, projection and inspection capabilities for aerospace, defense and industrial customers.
-
October 29, 2024
- Buyer
- SV Labs Corporation, San Francisco Equity Partners
- Target
- Sigan Industries Group, Inc.
- Seller
- Sigan Industries shareholders
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Addon
SV Labs Corporation, a San Francisco Equity Partners-backed CDMO, has acquired Sigan Industries Group, a Toronto-based contract development and manufacturing organization serving beauty and personal care brands. The deal expands SV Labs' formulation and manufacturing capabilities and adds a Canadian facility to its network; Sigan shareholders retained a meaningful ownership stake in the combined business.
-
October 10, 2024
- Buyer
- Tinicum, L.P. (affiliated funds managed by Tinicum Incorporated)
- Target
- Groupe Tornatech Inc. (Tornatech)
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Tinicum, L.P. has acquired a controlling interest in Groupe Tornatech Inc., a Laval, Quebec-based designer and manufacturer of fire pump controllers. Tornatech's co-presidents will retain a significant ownership stake and the company will partner with Tinicum to invest in its team, product offering, capabilities, and facilities to support global growth; financial terms were not disclosed.
-
September 26, 2024
- Buyer
- Weller Metalworks, LFM Capital, AEA Private Debt (AEA Investors)
- Target
- DROP Sprockets, Inc.
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Addon
LFM Capital-backed Weller Metalworks has acquired DROP Sprockets, a Nelson, British Columbia-based manufacturer of made-to-order sprockets. AEA Private Debt acted as sole mezzanine lender and provided an equity co-investment to support the transaction. The deal is Weller's third add-on acquisition and expands the platform's manufacturing capabilities and product offering.
-
September 24, 2024
- Buyer
- Castle Harlan, Equity consortium (led by Castle Harlan, unnamed investors)
- Target
- Alumni Educational Solutions
- Seller
- Ironbridge Equity Partners, Management of Alumni Educational Solutions
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Ironbridge Equity Partners and management have sold Alumni Educational Solutions to an equity consortium led by Castle Harlan; financial terms were not disclosed. Alumni is a manufacturer and distributor of educational furniture operating facilities in Canada, the United States and China, and Ironbridge supported the company's U.S. sales expansion, management succession and go-to-market enhancements during its hold.
-
September 5, 2024
- Buyer
- Walter Capital Partners
- Target
- MARTINS Industries
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Growth capital
Walter Capital Partners has become a major shareholder in MARTINS Industries, a Farnham, Quebec–based global provider of tire and wheel equipment and supplies. The investment is intended to support MARTINS’ acquisition-led international growth strategy—particularly in the United States and Europe—and accelerate the company’s M&A program and product/distribution expansion.
-
September 3, 2024
- Buyer
- Wincove Private Holdings, LP
- Target
- Sommers Generator Systems
- Seller
- Other existing investors
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Recapitalization
Wincove Private Holdings has recapitalized Sommers Generator Systems, partnering with President Chris McGregor who will remain in place alongside other existing investors. The investment will support Sommers' next phase of growth, including organic expansion of its geographic and service footprint and pursuit of additional acquisitions.
-
September 2, 2024
- Buyer
- Exosens
- Target
- LR Tech
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Exosens (Euronext: EXENS) has completed the acquisition of Quebec City–based LR Tech, a developer and manufacturer of FTIR spectroradiometers. The purchase adds FTIR instruments to Exosens’ high-performance instrumentation portfolio—strengthening its offering for defense, aerospace, environmental and scientific research markets and supporting Exosens’ bolt-on growth strategy.
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Frequently Asked Questions
Which Canadian provinces show up most often in these manufacturing acquisitions?
Recent deals are noted in Ontario, Quebec, Saskatchewan, Alberta, and British Columbia (along with Canada more broadly).
What kinds of manufacturing capabilities are being targeted?
The page reflects acquisitions focused on value-added manufacturing capabilities such as engineered wood (I-joists), flexible packaging, aeroengine machining, lighting solutions, protective coverings, and metal building panels.
Do acquisitions tend to preserve the acquired company’s brand and operations?
Some deals explicitly state continuity. For example, Royer said Baffin Footwear will continue operating within the Royer Group, preserving its brand and day-to-day operations in Stoney Creek.
Are private equity and investment firms active buyers in Canadian manufacturing M&A here?
Yes. Recurring buyer names include Platinum Equity, TriWest Capital Partners, Roynat Equity Partners, Birch Hill Equity Partners Management Inc., and Norea Capital.