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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-03-18 P4 One
Internet Software and Services
Montreal, Quebec
www.snowtrack.io

P4 One provides real-time activity tracking, GPS data analysis, and privacy-focused features. P4 One was founded in 2021 and is based in Montreal, Quebec.

Add-on Acquisition

Perforce
Company
Software
Minneapolis, Minnesota
www.perforce.com

-
Deal Article Deal Link  
2025-03-17 Sonic Strategy
Software
Vancouver, British Columbia
www.sonicstrategy.io

Sonic Strategy is a blockchain staking company focused on the Sonic blockchain. Sonic Strategy was founded in 2021 and is based in Vancouver, British Columbia.

Add-on Acquisition

Spetz
Company
Software
Toronto, Ontario
www.spetz.app

-
Deal Article Deal Link  
2025-03-11 CBSF
Retail
Woodbridge, Ontario
www.canadasbeststorefixtures.com

CBSF is a provider of retail fixtures and custom store design solutions for grocery, quick service restaurant, c-store, banking, and specialty retail environments. From design to fabrication and installation, CBH offers a vertically integrated, built-to-order solution that spans the full project lifecycle. CBSF was founded in 2003 and is based in Woodbridge, Ontario.

Add-on Acquisition
Value

$31

LSI Industries
Company
Electrical Equipment
Cincinnati, Ohio
www.lsi-industries.com

-
Deal Article Deal Link  
2025-03-06 Apogee IT Services
Information Technology
Toronto, Ontario
www.apogeeitservices.com

Apogee IT Services is a provider of outsourced managed IT services for firms in the SMB market. Apogee IT Services was founded in 1990 and is based in Toronto, Ontario.

Advisor: Tequity Advisors
Add-on Acquisition

Supra ITS
Company
Information Technology
Mississauga, Ontario
www.supraits.com

Blue Heron Capital
Investor
Private Equity Firm
Richmond, Virginia
www.blueheroncap.com

Deal Article Deal Link  
2025-03-06 Drayton Valley Insurance Agency
Insurance
Drayton Valley, Alberta
www.draytonvalleyinsurance.com

Drayton Valley Insurance Agency is an independent firm providing personal and commercial insurance to clients in the region. Drayton Valley Insurance Agency is headquartered in Drayton Valley, Alberta.

Add-on Acquisition

HUB International
Company
Insurance
Chicago, Illinois
www.hubinternational.com

-
Deal Article Deal Link  
2025-03-06 Loewen Agencies
Insurance
Radville, Saskatchewan
www.loewenagencies.com

Loewen Agencies serves the Radville, Ceylon, and Minton communities with coverage for properties, vehicles, businesses, and farm insurance. Loewen Agencies was formed in 1947 and is headquartered in Radville, Saskatchewan.

Add-on Acquisition

Westland Insurance
Company
Insurance
Surrey, British Columbia
www.westlandinsurance.ca

-
2025-03-05 CAC Industrial Equipment
Distribution
Victoria, British Columbia
www.cacindustrial.com

CAC Industrial Equipment is a distributor of pumps and parts with repair service capabilities. CAC Industrial Equipment was founded in 2002 and is based in Victoria, British Columbia.

Add-on Acquisition

FloWorks
Company
Distribution
Pasadena, Texas
www.gofloworks.com

Advisor: Foley & Lardner

-
Deal Article Deal Link  
2025-03-05 Airmaster
Manufacturing
Winnipeg, Manitoba
www.airmastersigns.com

Airmaster is a manufacturer of high-quality traffic control signage and products serving communities across Manitoba and Saskatchewan. Airmaster is based in Winnipeg, Manitoba.

Add-on Acquisition

Barricades
Company
Safety/Security
Sturgeon County, Alberta
www.getbarricades.com

-
Deal Article Deal Link  
2025-03-04 Wallace Perimeter Security
Manufacturing
Winnipeg, Manitoba
www.wallaceperimetersecurity.com

Wallace Perimeter Security is a manufacturer, distributor and installer of perimeter fencing, door and gate solutions for the commercial and residential markets. Wallace Perimeter Security is headquartered in Winnipeg, Manitoba.

Add-on Acquisition

ASSA ABLOY
Company
Manufacturing
Stockholm, Sweden
www.assaabloy.com

-
Deal Article Deal Link  
2025-03-03 Dekko
Business Services
Kingsville, Ontario
www.dekko.ca

Dekko develops ultra-light, sustainable concrete that breaks the mold of traditional design and installation methods for their concrete fire pits and wall cladding products. Dekko is based in Kingsville, Ontario.

Add-on Acquisition

HPC Fire
Company
Business Services
Miamisburg, Ohio
www.hpcfire.com

-
Deal Article Deal Link  
2025-03-03 Canadian Concrete Expo
Media
Mississauga, Ontario
www.canadianconcreteexpo.com

Canadian Concrete Expo provides a unique environment to source new suppliers, reconnect with industry contacts, get hands-on with the latest equipment, and take advantage of exclusive show offers. Canadian Concrete Expo is based in Mississauga, Ontario.

Add-on Acquisition

Trifecta Collective
Company
Media

Advisor: Corporate Solutions

-
Deal Article Deal Link  
2025-02-28 Lake Country Modular
Construction
Kelowna, British Columbia
www.lakecountrymodular.com

Lake Country Modular provides attainable, manufactured, modular, multi-family, and First Nations housing. Lake Country Modular is based in Kelowna, British Columbia.

Add-on Acquisition

Built Prefab
Company
Construction
Kelowna, British Columbia
www.builtprefab.com

-
Deal Article Deal Link  
2025-02-27 IMTEK
Business Services
Ottawa, Ontario
www.imtek.ca

IMTEK is a business consulting and systems integration company focused on services and solutions for supply chain planning and execution. IMTEK is based in Ottawa, Ontario.

Add-on Acquisition

Kearney
Company
Business Services
Chicago, Illinois
www.kearney.com

-
Deal Article Deal Link  
2025-02-26 Quebec Precious Metals
Metals/Mining
Montreal, Quebec
www.qpmcorp.ca

Quebec Precious Metals (QPM) focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. Quebec Precious Metals is based in Montreal, Quebec.

Advisor: BCF
Add-on Acquisition

Fury Gold Mines
Company
Metals/Mining
Toronto, Ontario
www.furygoldmines.com

Advisor: McMillan

-
Deal Article Deal Link  
2025-02-25 RJ Barlett Engineering
Engineering
Fredericton, New Brunswick
www.rjbartlett.com

RJ Bartlett Engineering provides fire protection and code consulting services. RJ Bartlett Engineering was formed in 1987 and is headquartered in Fredericton, New Brunswick.

Add-on Acquisition

CBCL
Company
Engineering
Halifax, Nova Scotia
www.cbcl.ca

-
2025-02-24 Fuse Insurance
Insurance
Calgary, Alberta
www.fuseinsurance.ca

Fuse Insurance is a technology-driven commercial insurance brokerage service provider. Fuse Insurance was formed in 2017 and is headquartered in Calgary, Alberta.

Add-on Acquisition

Axis Insurance Managers
Company
Insurance
Vancouver, British Columbia
www.axisinsurance.ca

-
Deal Article Deal Link  
Avg $442
19.3x EBITDA
5.8x REVENUE

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