1 to 16

Name Sector Revenue
$mlns  
M&A Activity Last 5 Years
Total Buy Sell
Volaris Group
Private
Mississauga, Ontario, Canada website
Software - 93 92 1
N. Harris Computer Corp.
Private
Ottawa, Ontario, Canada website
Software - 82 80 2
Westland Insurance
Acquired
Surrey, British Columbia, Canada website
Insurance - 67 67 -
Jonas Software
Acquired
Markham, Ontario, Canada website
Software - 64 64 -
Stantec
NYSE : STN
Edmonton, Alberta, Canada website
Business Services 5,701 65 63 2
Valsoft
Private
Montreal, Quebec, Canada website
Software - 61 59 2
Thomson Reuters
NYSE : TRI
Toronto, Ontario, Canada website
Information Services 7,258 93 59 34
The Descartes Systems Group
NASDAQ : DSGX
Waterloo, Ontario, Canada website
Software 651 58 57 1
Enghouse Systems
Toronto (TSX) : ENGH
Markham, Ontario, Canada website
Software 382 53 53 -
Constellation Software
Toronto (TSX) : CSU
Toronto, Ontario, Canada website
Software 10,066 50 50 -
MTY
Toronto (TSX) : MTY
St. Laurent, Quebec, Canada website
Restaurants 881 48 48 -
OpenText
NASDAQ : OTEX
Waterloo, Ontario, Canada website
Software 5,168 47 45 2
CCL Industries
Toronto (TSX) : CCL
Toronto, Ontario, Canada website
Packaging 5,507 45 44 1
Avison Young
Acquired
Toronto, Ontario, Canada website
Real Estate - 43 43 -
Bausch Health
NYSE : BHC
Laval, Quebec, Canada website
Life Science 9,625 46 36 10
TFI International
NYSE : TFII
Saint-Laurent, Quebec, Canada website
Transportation 8,397 37 35 2

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