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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-03 CDP Communications
Information Technology
Markham, Ontario
www.cdpcom.com

CDP Communications provides products and services that help clients with streamlining document accessibility and automation. Its software creates compliant Universal Accessible documents (PDF/UA); enables print data stream transformations; secures the archival/retrieval of print documents; and compares print data stream files in a fraction of the time that a manual process would take. The company has specialized in developing software solutions for Independent Software Vendors, Original Equipment Manufacturers, Service Bureaus, and Developers. CDP Communications is based in Markham, Ontario.

Add-on Acquisition

Quadient
Company
Information Technology
Bagneux, France
www.quadient.com

-
Deal Article Deal Link  
2025-12-03 ENA Electronics
Electrical Equipment
Hamilton, Ontario
www.enaelectronics.com

ENA Electronics is an engineering and repair firm specialising in industrial electronics, focusing on repairing, testing, refurbishing and reverse-engineering electronic components. ENA Electronics was founded in 2000 and is based in Hamilton, Ontario.

Add-on Acquisition

IPS
Company
Business Services
Greenville, South Carolina
www.ips.us

-
Deal Link  
2025-12-03 Online
Information Technology
Winnipeg, Manitoba
www.obsglobal.com

Online is an IT consulting and services firm offering digital-transformation, cybersecurity, cloud, customer experience, contact-centre, and IT service-management solutions to enterprise clients. Online was founded in 1986 and is based in Winnipeg, Manitoba.

Add-on Acquisition

CGI
Company
Information Technology
Montreal, Quebec
www.cgi.com

-
Deal Link  
2025-12-02 Envy Wheels
Automotive
Richmond Hill, Ontario
www.envywheels.com

Envy Wheels is a manufacturer and retailer of aftermarket alloy and steel wheels for cars, trucks, SUVs, and trailers. Envy Wheels is based in Richmond Hill, Ontario.

Add-on Acquisition

Groupe Touchette
Company
Distribution
Montréal, Quebec
www.grtouchette.com

-
Deal Article Deal Link  
2025-12-02 Pegasus Resources
Metals/Mining
Vancouver, British Columbia
www.pegasusresourcesinc.com

Pegasus Resources is an uranium exploration company focused on advancing high-potential projects. Pegasus Resources was founded in 1995 and is based in Vancouver, British Columbia.

Merger

Urano Energy
Company
Metals/Mining
Vancouver, British Columbia
www.uranoenergy.com

-
Deal Article Deal Link  
2025-12-02 Virtual Gurus - Virtual Assistant Division
Internet Software and Services
Calgary, Alberta

Virtual Gurus's Virtual Assistant Division is dedicated to providing businesses and entrepreneurs with highly skilled, flexible, and reliable virtual support. Virtual Gurus's Virtual Assistant Division is based in Calgary, Alberta.

Divestiture

Zirtual
Company
Internet Software and Services
Powell, Ohio
www.zirtual.com

Virtual Gurus
Company
Internet Software and Services
Calgary, Alberta
www.thevirtualgurus.com

Deal Link  
2025-12-02 Aquanty
Information Technology
Waterloo, Ontario
www.aquanty.com

Aquanty is a water resources science and technology firm specializing in predictive analytics, simulation and forecasting, research services, and IoT. Its scientific team is expert in hydrogeology, contaminant transport, soil physics, climate change, applied math, and integrated climate/surface/subsurface modelling. Aquanty is based in Waterloo, Ontario.

Add-on Acquisition

Rocscience
Company
Software
Toronto, Ontario
www.rocscience.com

-
Deal Link  
2025-12-02 CSI – All Things Stone
Building Materials
Langley, British Columbia
www.allthingsstone.com

CSI – All Things Stone is a distributor of manufactured and natural stone veneer, panelized stone, brick veneer, and related products. CSI – All Things Stone was founded in 1992 and is based in Langley, British Columbia.

Add-on Acquisition

Instone
Company
Distribution
Alsip, Illinois
www.instoneco.com

-
Deal Link  
2025-12-01 Maricann
Consumer Products
Burlington, Ontario
www.maricann.com

Marican is a medicinal cannabis brand that offers dried flower and cannabis oil to medical clients. Marican is based in Burlington, Ontario.

Divestiture

Sensi Brands
Company
Agriculture
Aurora, Ontario
www.sensibrands.ca

-
Deal Article Deal Link  
2025-12-01 DS Consultants
Engineering
Vaughan, Ontario
www.dsconsultants.ca

DS Consultants provides engineering consulting services in the areas of geotechnical engineering, environmental services, hydrogeology, materials inspection and testing, instrumentation and monitoring, and building science. DS Consultants was founded in 2017 and is based in Vaughan, Ontario.

Add-on Acquisition
Value

$23

BluMetric
Company
Environmental
Ottawa, Ontario
www.blumetric.ca

-
Deal Link  
2025-12-01 Rithmik Solutions
Metals/Mining
Montreal, Quebec
www.rithmik.com

Rithmik Solutions is a mining-technology company that develops AI-driven analytics and monitoring solutions for mobile mining equipment. Rithmik Solutions was founded in 2017 and is based in Montreal, Quebec.

Stake Purchase

Hitachi Construction Machinery
Company
Machinery
Tokyo, Japan
www.hitachicm.com

-
Deal Article Deal Link  
2025-11-29 Royal Helium
Oil/Gas Exploration
Saskatoon, Saskatchewan
www.royalheliumltd.com

Royal Helium is a resource-exploration and production company focused on the exploration, development, and extraction of helium and associated gases, principally via helium permits and leases in southern Saskatchewan and southeastern Alberta, Canada. The Company produces industrial gas, including helium and, via its processing facility, food-grade CO₂ as a by-product. Royal Helium is based in Saskatoon, Saskatchewan.

Add-on Acquisition

AirLife Gases
Company
Oil/Gas Exploration
Pune, India
www.airlifegases.com

-
Deal Article Deal Link  
2025-11-26 Reach Systems
Manufacturing
Nanaimo, British Columbia
www.reach-systems.com

Reach Systems is an engineering and manufacturing firm that specialises in the design and assembly of remote inspection equipment, cable/tether management systems, and underwater/subsea camera & winch solutions. Reach Systems is based in Nanaimo, British Columbia.

Add-on Acquisition
Value

$3

NameSilo
Company
Business Services
Vancouver, British Columbia
www.namesilo.com

-
Deal Link  
2025-11-26 Emmetros
Software
Kitchener, Ontario

Emmetros develops healthcare-oriented software for patient engagement and care coordination. Emmetros was founded in 2014 and is based in Kitchener, Ontario.

Add-on Acquisition

FluidAI
Company
Medical Products
Kitchener, Ontario
www.fluidai.md

-
Deal Link  
2025-11-26 Home Equity Partners
Financial Services
Toronto, Ontario
www.theheqpartners.com

Home Equity Partners is a financial solutions company that helps homeowners gain greater access to their home equity. Home Equity Partners is based in Toronto, Ontario.

Stake Purchase

Myriad Group
Company
Real Estate
Toronto, Ontario
www.myriadrentals.com

-
Deal Link  
2025-11-26 C97.7
Media
Calgary, Alberta
www.c977.ca

C97.7 is a radio station broadcasting at 97.7 FM station offers a hot adult contemporary format, with a playlist that spans hits from the 1990s through the present. C97.7 is based in Calgary, Alberta.

Divestiture

Stingray
Company
Digital Media
Montreal, Quebec
www.stingray.com

Rawlco Radio
Company
Media
Saskatoon, Saskatchewan
www.rawlco.com

Deal Article Deal Link  
Avg $493
20.5x EBITDA
5.1x REVENUE

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