Western Canada M&A Weekly
Houston based VoltaGrid LLC, a behind-the-meter power generation business, announced the acquisition of Calgary based Propell Energy Technology Ltd., a provider of energy equipment solutions for the oil & gas and power generation sectors.
Prospera, Coast Capital, and Sunshine Coast credit unions closed their merger to form a national credit union with over $40B in assets under administration, 730,000 members, and 70 branches.
Saskatoon based Vendasta, an AI tech company focused on workforce tools and AI employees, announced a deal with Italiaonline, Italy’s largest internet company, to roll out an AI-driven employee platform to over 100,000 SMBs across Italy.
Winnipeg based clothing retailer Warehouse One Clothing Ltd. filed for creditor protection under CCAA and will close all 128 stores operating under its Warehouse One and Bootleggers banners.
According to Statistics Canada, the national unemployment rate rose from 6.7% in March to 6.9% in April. The national economy lost 18,000 jobs during the month, as a loss of 49,000 full-time jobs was partially offset by an increase of 29,000 part-time positions.
Planning an Exit or Growth Capital Raise?
Contact our team to discuss confidential transaction advisory services tailored to your business objectives.
Contact Us
