M&A Market Update - March 2024.
Good afternoon,
In March, Western Canada saw an increase in activity marked by 14 disclosed transactions involving private companies. Notably, only three transactions involved a local buyer (a company based in the same province).? The remaining 11 transactions were a mix of international buyers and out of province buyers.?
Notable transactions for month of March include:
On March 3, Westcap announced the acquisition of Northway Aviation and Northway Aircraft Leasing. Northway Aviation provides scheduled and chartered passenger and cargo service transports to remote communities in eastern and north-eastern Manitoba, as well as communities into western Ontario.
On March 13, Cooper Equipment Rentals, a Canadian-owned and operated construction equipment rental company, announced its acquisition of Action Equipment Rentals Inc., based in Red Deer, AB.
On March 31, Calgary-based Source Energy Services Ltd. acquired RWR Trucking Inc.’s sand trucking assets for a combination of cash, vendor take back note, and assumed lease obligations. Located in Camrose, AB, RWR is a privately owned environmental trucking, excavation, decommissioning, and demolition contractor specializing in contaminated soil transport.
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.
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Written by: Mark Vodden [email protected]