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BDO Canada’s 2023 M&A and Capital Markets deals

Year in review

Deals

Our M&A and Capital Markets team is proud to have successfully advised on 34 deals across Canada in 2023. These concluded transactions spanned diverse industries, such as technology, healthcare, retail and consumer, and manufacturing and distribution. Our team continued to showcase its commitment to excellence in navigating dynamic market conditions and contributing positively to our clients' success.

Looking ahead this year, Michael Morrow, Managing Director, M&A and Capital Markets at BDO Canada, expects pent-up dealmaking to rebound in the back half of 2024 as the economy improves, with potential interest rate cuts and improving inflation figures. After a slow first quarter, he expects mergers to go up as much as 40% compared to the previous year. He said, “There's a strong backlog of businesses in Canada that need to transition, and a lot of business owners have been holding off. Some clients who have been holding off are now making plans to sell their business in 2024.”

Source: BNN Bloomberg, January 2024

M&A and Capital Markets deals by the numbers

Completed deals

Congratulations to the new partnerships being formed!

A.K. Draft Seal and National Guard Products
ABSA Resin Technologies Inc. and Kafrit Industries (1993) Limited
Building Stack and Rentsync
Caliber Communications Inc. and Stealth Monitoring Inc.
Church Motions Graphics, Inc. and Ministry Brands Holdings, LLC
Dieter’s Accessories and High Bar Brands
Display Solutions Manufacturer and Burlington Street Partners
Erieview Acres Inc. and Nortview Inc.
Exactatherm Limited and Metex Heat Treating Ltd.
Innovative Heating Technologies Inc. and Decisive Dividend Corporation
International Laboratories (Canada) Ltd. and Glen Eden Acquisitions and Cedar Valley Group
Maximum Tank Truck Services Ltd. and PVT Group Ltd.
Pacific Rim Engineered Products (1987) Ltd. and Wikov
Phelps Homes Ltd. and Investor Group
Pineridge Timberframe Inc. and Discovery Dream Homes
BioSpine Institute and Praesentia Healthcare LLC
Priestly Demolition Inc.
Substance and Church+State
T.K WoodMar Insurance Brokers and BrokerLink Insurance
The Fletcher Group (North Bay) Inc. and The State Group Inc.
Trinity Communication Services Ltd. and Bird Construction Inc.
United World Cargo Limited and ALC
W.N. Atkinson Insurance Limited and BrokerLink
Warren Gibson Limited and C.A.T

Some deals were not disclosed due to client confidentiality.

Testimonials

Our clients say it best

A look at our standout deals

Explore our most notable M&A and Capital Markets deals of 2023.

Technology & Healthcare

Real Estate & Construction

Manufacturing & Distribution 

How BDO can help

Our M&A and Capital Markets team supports clients with sell-side, buy-side, and capital raising solutions at each phase of the deal lifecycle, from acquisition strategy development to due diligence and exit strategy. With our team’s depth of experience and resources, we can bring tangible value to your transaction.

Our exclusive BDO M&A Deal Portal brings together the investor community with companies looking to grow or exit. Contact our team to get access to the Deal Portal or to discuss your organization’s specific M&A needs.

Michael Morrow, Managing Director, National Leader, M&A and Capital Markets

Ryan Farkas, Managing Director, M&A and Capital Markets

Adam Mallon, Managing Director, M&A and Capital Markets 

Bernard Cormier, Managing Director, M&A and Capital Markets

Sunil Sharma, National Leader, Transaction Services and Private Equity

Cameron Percy, Managing Director, M&A and Capital Markets

Brian Trainor, Managing Director, M&A and Capital Markets

Shilpa Mishra, Managing Director, National Leader, Capital Advisory

Derek Van der Plaat, Managing Director, M&A and Capital Markets

Brendan le Nobel, Director, M&A and Capital Markets

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