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 18M CAD for 2022 and 20M CAD for 2021.

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 2

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
Buy (0.0/yr)	vol	$13M						$13M
Sell (0.2/yr)	#	-	-	1	-	-	-	1
Sell (0.2/yr)	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

Legal	Deals
Stikeman Elliott LLP	1
Foley & Lardner LLP	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

18 10%	2022
20 24%	2021
26 24%	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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Covalon - M&A Summary and Business Overview

Medical ProductsCompany