Western Canada M&A Weekly Update
Montreal based Englobe acquired Obsidian Engineering, a Calgary based multidisciplinary engineering firm specializing in EPCM services with over 400 personnel.
Calgary based Cascadia Equity Partners acquired AW Millwrights, a Milverton, ON based turnkey millwright services provider to the agricultural and industrial sectors alongside existing management.
Calgary based Lodgepole Partners and ATB Private Equity acquired Waymarc Industries Ltd., an Edmonton based industrial storage systems solutions provider with offices in BC, AB and SK.
Calgary based Pateno Payments Inc. acquired certain assets of XTM Inc., including the EveryDay payment program and software.
Vancouver based JDM Technology Group acquired Saint-Lambert, QC based Dreeven Technologies, a construction project management platform provider allowing construction teams to manage project information across offices and jobsites.
Winnipeg based TobaRolling Inc. acquired Great Gardener Farms, a Duncan, BC based micro cannabis producer.
The Bank of Canada raised its key interest rate by 25 basis points to 2.5% on October 28th, 2026, the first hike since July 2023. The central bank cited the rise in energy prices and the uncertainty around Canada-US trade relationships as the largest risks to the cost of living increasing.
According to Statistics Canada, real GDP remained flat in August 2026. Wholesale trade declined by 1.4% in August, with motor vehicle and parts wholesalers contracting for the first time in seven months. Preliminary September data indicates a 0.1% contraction month over month.
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