TMX - M&A Summary and Business Overview

Financial ServicesCompany

TMX M&A Summary

TMX has acquired 10 companies, including 7 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 5 assets.

TMX’s largest acquisition to date was in 2017, when it acquired Trayport for $620M. TMX has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include information services (25%) and software (25%).

TMX Business Overview

Where is TMX headquartered?

TMX is headquartered in Toronto, Ontario.

What is TMX’s revenue?

TMX disclosed revenue of 1,117M CAD for 2022 and 981M CAD for 2021.

How many employees does TMX have?

TMX has 1,385 employees.

What sector is TMX in?

TMX is a financial services company.

When was TMX founded?

TMX was founded in 2011 .

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity8
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

TMX

Tmx Group Ltd.

300-100 Adelaide Street West,
Toronto, Ontario M5X 1J2
Canada,
(416) 947-4700
www.tmx.com

TMX is an integrated, multi-asset class exchange group. TMX Group's businesses operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. It also provide clearing facilities, data products and other services to the international financial community. TMX was based in 2011 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 3 2 - 2 1 - 8
vol $620M $330M $950M
Sell (0.0/yr) # 5 - - - - - 5
  13

Most Recent M&A

Company Date Value Type
VettaFi LLC 2023-01-09 - Stake Purchase
New York City, New York · www.vettafi.com
Wall Street Horizon, Inc. 2022-11-07 - Add-on Acquisition
Woburn, Massachusetts · www.wallstreethorizon.com
SigmaLogic, Inc. 2022-02-18 - Add-on Acquisition
New York, New York · www.logicly.finance
American Stock Transfer & Trust Co. LLC 2020-09-25 165M USD Add-on Acquisition
Brooklyn, New York · www.astfinancial.com
AST Investor Services Inc. (Canada) 2020-09-25 165M USD Add-on Acquisition
Toronto, Ontario · www.astfinancial.com
Trayport Ltd. 2017-10-27 620M EUR Divestiture
London, United Kingdom · www.trayport.com
Shorcan Energy Brokers, Inc. 2017-10-27 - Divestiture
Calgary, Alberta · www.shorcan.com
Natural Gas Exchange, Inc. 2017-10-27 - Divestiture
Calgary, Alberta · www.ngx.com
TMX Atrium 2017-02-15 - Divestiture
Luxembourg, Luxembourg · www.tmxatrium.com
Razor Risk Technologies Ltd. 2017-01-05 - Divestiture
London, United Kingdom · www.razor-risk.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 2 (25%) 620M (65%) 1 (20%) -
Information Services 2 (25%) - - -
Business Services 1 (13%) 165M (17%) 1 (20%) -
Information Technology 1 (13%) - 1 (20%) -
Internet Software and Services 1 (13%) - 1 (20%) -
Financial Services 1 (13%) 165M (17%) - -
Media - - 1 (20%) -
Total 8 $950M 5 -

By Geo

State/Country Buy Value Sell Value
Canada 1 165M 3 -
  Ontario 1 165M 1 -
  Alberta - - 2 -
United States 4 165M - -
  New York 3 165M - -
  Massachusetts 1 - - -
United Kingdom 2 620M 1 -
Luxembourg 1 - 1 -
Domestic 1 (13%) 165M (17%) 3 (60%) -
Cross-border 7 (88%) 785M (83%) 2 (40%) -
Total 8 $950M 5 -

Top M&A Advisors

Financial Deals
National Bank Financial
 2
Marlin & Associates Holding LLC
 1
Evercore Group
 1
Legal Deals
Torys LLP
 2
Wilmer Cutler Pickering Hale and Dorr LLP
 1

Deal Values

buy # Total
$100M to $1B 3 $950M
TOTAL $950M
Largest Trayport Ltd.
$620M (2017-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
13%
1 (13%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

Company Summary

SECTOR

Financial Services

Revenue

1,117   14% 2022
981   14% 2021
865   8% 2020
807   2% 2019
817   23% 2018
669   10% 2017
742   4% 2016
717   0% 2015
717   2014
(millions of CAD) Show More Show Less

Employees

1,385

Established

2011

Public

Toronto (TSX): X

Former Name

Maple Group Acquisition Corp.

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