M&A Deal Summary

CWB Acquires Maxium Financial Services

On December 21, 2015, CWB acquired financial services company Maxium Financial Services for 120M USD

Acquisition Highlights
  • This is CWB’s 2nd transaction in the Financial Services sector.
  • This is CWB’s largest (disclosed) transaction.
  • This is CWB’s 3rd transaction in Canada.
  • This is CWB’s 1st transaction in Ontario.

M&A Deal Summary
Date 2015-12-21
Target Maxium Financial Services
Sector Financial Services
Buyer(s) CWB
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Maxium Financial Services

Richmond Hill, Ontario, Canada
Maxium Financial Services, Inc. provides loans, equipment leases and structured financing solutions to more than 35,000 clients, with the majority of business sourced in Ontario. Specialized financing solutions are primarily provided in areas of healthcare, golf, transportation, real estate, and general corporate financing.

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Buyer(S) 1

Buyer

CWB

Edmonton, Alberta, Canada
Category Company
Founded 1984
Sector Financial Services
Revenue 1.1B CAD (2023)
DESCRIPTION

CWB is a full-service bank that offers full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. CWB was incorporated in 1984 and is based in Edmonton, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 2
Country (Canada) 3 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Canadian Direct Insurance

Vancouver, British Columbia, Canada

Canadian Direct Insurance, Inc. is a property and casualty insurance company that provides personal insurance solutions throughout British Columbia and Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 GE Capital - Canadian Franchise Financing Business

Ontario, Canada

GE Capital - Canadian Franchise Financing Business provides financing across Canada to a diverse group of established companies in the hospitality and restaurant industries.

Buy -
Mergr

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