M&A Market Update - August 2024
Good morning,
In August, there was a decline in deal activity, with nine mid-market transactions recorded in Western Canada. Notably, only one transaction involved a local buyer. The remainder of the eight transactions involved a mix of international and out-of-province buyers. From our experience, August tends to be a slower month for transaction closings as professionals are seeing to get some much needed rest & relaxation.
Notable transactions include:
On August 2, Beacon acquired B.C. based SSR Roof Supply, SSR is a leading supplier to both residential and commercial contractors for over 30 years with a variety of roofing products.
On August 15, Barrow Safety Services Inc. merged with Firemaster Oilfield Services Inc., creating a key provider of diverse safety services for the oil & gas, mining, and forestry sectors in Western Canada and the U.S.
On August 20, Ace Beverage Group acquired Vancouver’s ready-to-drink alcoholic beverage company, Nude Beverages. Nude launched Canada’s first sugar-free vodka soda in 2017 and has since launched a variety of extension products and brands.
ElkLake Partners Inc. exists to be a catalyst for transformational events that make private companies stronger, more resilient and more capable to grow beyond what they thought was possible. We believe that this will ultimately benefit shareholders, employees, our society and?our country.
Our goal is to share this information to foster greater transparency and establish ourselves as the preeminent source for information on private company transactions. If you have any questions about this data or would like to discuss a possible transaction, please feel free to connect using the contact details below.
Mark Vodden, MBA, CBV
Managing Director
403.888.8590
Suite 505, Bow Valley Square
255 5 Avenue SW
Calgary, AB