Western Canada M&A Weekly Update
Surrey based Velocity Truck Centres acquired New West Truck Centres, a Calgary based Freightliner and Western Star dealership group with seven locations in southern AB and BC.
Austin based Hanger Inc. acquired Bionic Power Inc., a Vancouver based manufacturer of microprocessor-controlled knee-ankle-foot orthosis for gait impairments.
Edmonton based AutoCanada Inc. acquired a collision repair facility in Cochrane, AB.
Winnipeg based WesTower Communications Ltd. acquired Langley based Cartel Communication Systems Inc. for $15MM, a designer, installer and services provider of wireless coverage systems.
Vancouver based ATRYX acquired Vancouver based Pacific West Mechanical, a provider of HVAC, plumbing, mechanical maintenance and emergency services.
Brossard, QC based private equity firm Novacap led a consortium of investors including BDC Capital and EDC in acquiring Burnaby based OSI Maritime Systems, a manufacturer of electronic chart, integrated bridge and tactical navigation systems for navies and submarines.
Winnipeg based Kee West Auto Carriers acquired Guelph based Wilride Transport’s auto hauling division.
Atlanta based Assurant Inc. acquired Delta based Protection Point Service Plans Inc., a provider and administrator of protection programs and service plans for agricultural, commercial and construction equipment.
Organigram Global Inc. (TSX:OGI) announced the $561MM acquisition of Aurora Cannabis Inc. (TSX:ACB), an Edmonton based licensed medical cannabis company following the failed hostile takeover of Aurora by Curaleaf Holdings Inc. (TSX:CURA) earlier this year.
Dubuque, IA based Eagle Point Software acquired Global eTraining, an Edmonton based AI-enabled online learning and digital adoption platform provider across AECO, design and manufacturing industries.
Vancouver based Coast Mental Health acquired Vancouver based Potluck Catering, a catering social enterprise.
According to Statistics Canada, Canadian unemployment rose from 6.5% in September to 6.7% in October.
As per Budget 2026, the federal government intends on merging Export Development Canada (EDC) and the Business Development Bank of Canada (BDC).
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