Western Canadian M&A Weekly Update
Crossfield, AB-based MODUS Structures Inc. acquired Bow Island, AB-based ROC Modular Inc., a modular construction business providing offsite buildings. The combined entity will have over 460 employees and ~260,000 sq ft of manufacturing space across three facilities.
Richmond, BC-based Ashton Plumbing, Heating & Air acquired North Vancouver-based Paris Service Group, the service division of Paris Mechanical Ltd., to enhance its market presence and technical expertise.
Calgary-based real estate brokerage KIC Realty Inc. announced a merger with Brewpilot Inc., an AI and software engineering company. The combined entity will focus on building AI tools for real estate brokerages and agents.
Vancouver-based Clearmind Medicine Inc. (NASDAQ:CMND) acquired a 51% stake in Israeli company Charge Robotics, an electric vehicle wireless charging solutions provider for automated parking systems and autonomous mobile platforms.
Calgary-based Ultimarii, a regulatory AI company focused on streamlining application and permitting processes, raised over $13MM in Series A funding. The round included equity from various investors alongside debt financing and non-dilutive funding.
Calgary-based Neo Financial laid off 102 employees, representing ~10% of its total workforce, as part of an effort to streamline operations.
Calgary-based A Parent Media Co. Inc. and its subsidiary, Kidoodle Inc., a streaming technology and media company, were placed into receivership on September 3, 2026.
According to Statistics Canada, August inflation was 3.0% (unchanged from July 2026). Excluding gasoline prices, core inflation stood at 2.4%.
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