Covalon - M&A Summary and Business Overview

Medical ProductsCompany

Covalon M&A Summary

Covalon has acquired 1 company. It has also divested 1 asset.

Covalon’s largest acquisition to date was in 2018, when it acquired Cenorin - AquaGuard Business for $13M. It’s largest disclosed sale occurred in 2021, when it sold Cenorin - AquaGuard Business to TIDI Products for $29M. Covalon has acquired in 1 US state. The Company’s most targeted sectors include medical products (100%).

Covalon Business Overview

Where is Covalon headquartered?

Covalon is headquartered in Mississauga, Ontario.

What is Covalon’s revenue?

Covalon disclosed revenue of 27M CAD for 2023 and 18M CAD for 2022.

What sector is Covalon in?

Covalon is a medical products company.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Covalon

Covalon Technologies Ltd.

1660 Tech Avenue, Unit 5,
Mississauga, Ontario L4W 5S7
Canada,
(905) 568-8400
www.covalon.com

Covalon is a researcher, developer, and commercializes new healthcare technologies that help save lives around the world. Covalon's patented technologies, products, and services address the advanced healthcare needs of medical device companies, healthcare providers, and individual consumers. Covalon Technologies is based in Mississauga, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $13M $13M
Sell (0.2/yr) # - - 1 - - - 1
vol $29M $29M
  2

Most Recent M&A

Company Date Value Type
Cenorin LLC - AquaGuard Business 2021-07-29 29M CAD Divestiture
Seattle, Washington · www.aqua-guard.com
Cenorin LLC - AquaGuard Business 2018-09-20 13M CAD Divestiture
Seattle, Washington · www.aqua-guard.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 1 (100%) 13M (100%) 1 (100%) 29M (100%)
Total 1 $13M 1 $29M

By Geo

State/Country Buy Value Sell Value
United States 1 13M 1 29M
  Washington 1 13M 1 29M
Total 1 $13M 1 $29M

Top M&A Advisors

Financial Deals
Morrison Park Advisors
 1
Legal Deals
Stikeman Elliott
 1
Foley & Lardner
 1

Deal Values

buy # Total
< $100M 1 $13M
TOTAL $13M
Largest Cenorin LLC - AquaGuard Business
$13M (2018-09-20)
sell # Total
< $100M 1 $29M
TOTAL $29M
Largest Cenorin LLC - AquaGuard Business
$29M (2021-07-29)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Medical Products

Revenue

27   50% 2023
18   10% 2022
20   43% 2021
14   59% 2020
34   26% 2019
27   0% 2018
27   286% 2017
7   13% 2016
8   12% 2015
9   125% 2014
4   2013
(millions of CAD) Show More Show Less

Public

Toronto (TSX): COV

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