Torstar - M&A Summary, Ownership, and Business Overview

PublishingCompany

Torstar M&A Summary

Torstar has acquired 4 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

It’s largest disclosed sale occurred in 2014, when it sold Harlequin Enterprises to News for $346M. Torstar has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include publishing (50%) and internet software and services (25%).

Torstar Ownership

Who owns Torstar?

Torstar is owned by Nordstar Capital. It was acquired on May 26, 2020.

Torstar Business Overview

Where is Torstar headquartered?

Torstar is headquartered in Toronto, Ontario.

What is Torstar’s revenue?

Torstar disclosed revenue of 543M CAD for 2018 and 692M CAD for 2017.

What sector is Torstar in?

Torstar is a publishing company.

When was Torstar founded?

Torstar was founded in 1892.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Torstar Corp.

One Yonge Street,
Toronto, Ontario M5E 1E6
Canada,
(416) 869-4010
www.torstar.com

Torstar Corp. is a broadly-based media company that publishes a daily newspaper, six regional daily newspapers in Ontario including The Hamilton Spectator, and more than 70 weekly community newspapers in Ontario; flyer distribution services: and digital properties including thestar.com (with local editions in Toronto, Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, and Halifax), wheels.ca, toronto.com, save.ca, a number of regional online sites and eyeReturn Marketing. Torstar Corp. was established in 1892 and is headquartered in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
Sell (0.0/yr) # 4 - - - - - 4
vol $355M $355M
  8

Most Recent M&A

Company Date Value Type
Scoregolf Magazine 2021-01-06 - Add-on Acquisition
Toronto, Ontario · www.scoregolf.com
VerticalScope Holdings, Inc. 2015-07-29 - Add-on Acquisition
Toronto, Ontario · www.verticalscope.com
Harlequin Enterprises Ltd. 2014-05-02 346M CAD Divestiture
Don Mills, Ontario · www.harlequin.com
Eyereturn Marketing, Inc. 2008-07-13 - Add-on Acquisition
Toronto, Ontario · www.eyereturnmarketing.com
Tom Snyder Productions, Inc. 2001-12-21 9M USD Divestiture
Watertown, Massachusetts · www.tomsnyder.com
Delta Education LLC 2001-08-08 - Divestiture
Nashua, New Hampshire · www.delta-education.com
Frank Schaffer Publications 2001-05-17 - Divestiture
, United States
Delta Education LLC 1996-01-01 - Add-on Acquisition
Nashua, New Hampshire · www.delta-education.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Eyereturn Marketing, Inc. 2008-07-13 Eyereturn Marketing, Inc. - Technology 2020-11-26 1
Toronto, Ontario · www.eyereturnmarketing.com Toronto, Ontario

M&A by Sector

Sector Buy # Value Sell # Value
Publishing 2 (50%) - 3 (75%) 346M (97%)
Internet Software and Services 1 (25%) - - -
Marketing 1 (25%) - - -
Software - - 1 (25%) 9M (3%)
Total 4 - 4 $355M

By Geo

State/Country Buy Value Sell Value
Canada 3 - 1 346M
  Ontario 3 - 1 346M
United States 1 - 3 9M
  New Hampshire 1 - 1 -
  Massachusetts - - 1 9M
Domestic 3 (75%) - 1 (25%) 346M (97%)
Cross-border 1 (25%) - 3 (75%) 9M (3%)
Total 4 - 4 $355M

Top M&A Advisors

Financial Deals
BMO Capital Markets
 1
Legal Deals
Osler
 1

Deal Values

sell # Total
$100M to $1B 1 $346M
< $100M 1 $9M
TOTAL $355M
Largest Harlequin Enterprises Ltd.
$346M (2014-05-02)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

Company Summary

SECTOR

Publishing

Revenue

543   22% 2018
692   2% 2017
685   13% 2016
787   9% 2015
858   35% 2014
1,309   2013
(millions of CAD) Show More Show Less

Established

1892

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