May 2022

BDO M&A and Capital Markets Services

ACTIVE MANDATES

  • Divestiture Advisory

    Project Advantage

    Adam Mallon

    Adam Mallon

    Edmonton

    780-643-6192

    amallon@bdo.ca

    • Benefits broker and administrator

    • FY22 revenues ~C$1.0 million

    • Based in Central Canada

    Project Alkaline

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Producer of a bio-stimulant product for the agricultural industry

    • Headquartered in Ontario

    • Seeking a growth equity partner

    Project Anvil

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Custom metal fabrication business

    • Revenue of ~C$2.0 million

    • Based in Ontario

    Project Bearings

    Ryan Farkas

    Ryan Farkas

    Toronto

    416-775-7804

    rfarkas@bdo.ca

    • Transportation and logistics provider

    • ~C$70 million in revenue and ~C$15 million in EBITDA

    • Headquartered in Ontario with North American operations

    Project Beat

    Bernard Cormier

    Bernard Cormier

    Montreal

    514-218-6263

    becormier@bdo.ca

    • Online music promotion agency

    • Revenue of ~C$2.0 million

    • Based in Montreal

    Project Breaker

    Ryan Farkas

    Ryan Farkas

    Toronto

    416-775-7804

    rfarkas@bdo.ca

    • Dedicated logistics provider

    • Revenues of over ~C$50 million and EBITDA of over ~$5 million

    • Headquartered in Ontario

    Project Centauri

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Full-service digital marketing agency with a technology focus

    • FY21 revenue of ~C14 million and adjusted EBITDA of ~C$5 million

    • Headquartered in Ontario with North American operations 

    Project CX

    Derek van der Plaat

    Derek van der Plaat

    Toronto

    647-730-6715

    dvanderplaat@bdo.ca

    • Artificial intelligence customer feedback analytics company 

    • FY22F ARR of ~C$786K

    • Based in Central Canada

    Project Delta

    Derek van der Plaat

    Derek van der Plaat

    Toronto

    647-730-6715

    dvanderplaat@bdo.ca

    • SaaS developer of a building asset maintenance platform which acts as a digital twin for buildings

    • Revenue of ~C$500K

    • Located in British Columbia

    Project Eland

    Adam Mallon

    Adam Mallon

    Edmonton

    780-643-6192

    amallon@bdo.ca

    • Sales, Installation and Service of Agricultural Equipment

    • Revenues of $3.5 million and EBITDA of $1 million

    • Located in Western Canada


    Project Element

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Ontario-based aggregate and salt trucking business

    • TTM22 revenue of ~C$4.7M and EBITDA of ~C$500K.

    • Included is a 146-acre property with 1.5 million tonnes of aggregate available

    Project FinePix

    Bernard Cormier

    Bernard Cormier

    Montreal

    514-218-6263

    becormier@bdo.ca

    • Single location, private radiology clinic

    • Based in Montreal

    Project Great Lakes

    Michael Morrow

    Michael Morrow

    Toronto

    416-890-6185

    mmorrow@bdo.ca

    • Distillery, winery and brewery equipment

    • EBITDA of ~3.0 million

    • Located in Southwestern Ontario

    Project Heat

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Vacuum heat treating business servicing the aerospace industry and manufacturers

    • FY22 revenues of ~C$2.9 million and EBITDA of ~C$700K

    • Located in Greater Toronto Area

    Project Hero

    Sunil Sharma

    Sunil Sharma

    Toronto

    416-775-7817

    ssharma@bdo.ca


    • Addiction treatment clinics in Canada with 10+ locations

    • Revenue of ~C$2.0 million 

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    Project Highlander

    Alex Ardizzi

    Alex Ardizzi

    Toronto

    647-798-9806

    aardizzi@bdo.ca

    • Building supply retailer

    • Revenue of ~C$20.0 million and EBITDA of ~C$3.0 million

    • Based in Southern Ontario

    Project Hood

    Bernard Cormier

    Bernard Cormier

    Montreal

    514-218-6263

    becormier@bdo.ca

    • Distributor of exclusive and specialised apparel for the Canadian market

    • Revenue of ~C$13.0 million and EBITDA of ~C$1.4 million

    • Based in Montreal

    Project Jewel

    Michael Morrow

    Michael Morrow

    Toronto

    416-890-6185

    mmorrow@bdo.ca

    • Established piercing studio and jewelry retailer

    • Projected revenue of ~C$950K and projected EBITDA of ~C$240K in 2022

    • Based in the Greater Toronto Area

    Project Labrador

    Derek van der Plaat

    Derek van der Plaat

    Toronto

    647-730-6715

    dvanderplaat@bdo.ca

    • Vertical enterprise software

    • Revenue of ~C$12.0 million and strong EBITDA margin

    • Control sale

    Project Pike

    Michael Morrow

    Michael Morrow

    Toronto

    416-890-6185

    mmorrow@bdo.ca

    • Portfolio of four sawmill assets

    • Located in Canada and the US

    • Approximately 250-300MMFBM in annual production capacity

    Project Pike

    Denis Barrington

    Denis Barrington

    Montreal

    514-467-6175

    dbarrington@bdo.ca

    • Rapidly growing industrial IoT solutions provider

    • Projected revenues of ~C$4.0 million and growing rapidly

    Project Ray

    Bernard Cormier

    Bernard Cormier

    Montreal

    514-218-6263

    becormier@bdo.ca

    • Asset-light transportation company that offers services in logistics, transportation (air, ground, sea), and warehousing

    • Revenue of ~C$22.5 million and EBITDA of ~C$1.5 million

    • Based in Quebec

    Project Reuben

    Denis Barrington

    Denis Barrington

    Montreal

    514-467-6175

    dbarrington@bdo.ca

    • Pet supplies store franchisor with an eCommerce platform

    • EBITDA of ~C$4 million

    • Based in Western Canada

    Project Rockwell

    Sunil Sharma

    Sunil Sharma

    Toronto

    416-775-7817

    ssharma@bdo.ca


    • Security surveillance and guard company

    • Revenues of ~C$10.0 million

    • Located in Ontario

    Project Steamboat

    Adam Mallon

    Adam Mallon

    Edmonton

    780-643-6192

    amallon@bdo.ca

    • Chemical reclaiming business for the energy production, oil and gas extraction and fertilizer industries

    • FY22 revenues of ~$C6.0 million 

    • Located in Western Canada

    Project Sunday

    Ryan Farkas

    Ryan Farkas

    Toronto

    416-775-7804

    rfarkas@bdo.ca

    • Design studio providing digital templates and graphics to churches across North America

    • FY21 revenue of ~C$2.3 million and EBITDA of ~C$1.5 million

    • Located in Ontario

    Project True North

    Otto Cheung

    Otto Cheung

    Toronto

    647-730-0880

    oycheung@bdo.ca


    • Established passenger transportation service provider with fleet of 50+ active vehicles

    • Revenues of ~C$6.5 million and EBITDA of ~C$1.5 million

    • Located in Northwestern Ontario

    Project Wave

    Sunil Sharma

    Sunil Sharma

    Toronto

    416-775-7817

    ssharma@bdo.ca


    • Group of 10+ Western Canadian pharmacies and medical clinics

    • Revenues of ~C$50.0 million

    • L

  • Capital Advisory

    Project C3

    Shilpa Mishra

    Shilpa Mishra

    Toronto

    647-730-0981
    smishra@bdo.ca

    • Microsoft 365 collaboration analytics software

    • Revenue of ~C$4 million with free cash flow invested in growth

    • Looking to raise ~$C2.0 million in growth equity

    Project Golden Hawk

    Derek Van der Plaat

    Derek Van der Plaat

    Toronto

    647-730-6715
    dvanderplaat@bdo.ca

    • Construction / expansion financing raise for food producer

    • Looking to raise ~C$300.0 millioon

    Project Home

    Derek Van der Plaat

    Derek Van der Plaat

    Toronto

    647-730-6715
    dvanderplaat@bdo.ca

    • Home furnishing retailer

    • Revenue of ~C$20.0 million

    • Looking to raise ~C$25.0 million in growth equity

    Project Rest

    Shilpa Mishra

    Shilpa Mishra

    Toronto

    647-730-0981
    smishra@bdo.ca

    • Hospitality provider

    • Looking to raise ~C$2.0 million in growth equity

    • L

    Project River

    Shilpa Mishra

    Shilpa Mishra

    Toronto

    647-730-0981
    smishra@bdo.ca

    • Agriculture technology project

    • Looking to raise ~C$25.0 million in construction financing and equipment financing

    • Looking at both debt and equity options

    Project Test

    Shilpa Mishra

    Shilpa Mishra

    Toronto

    647-730-0981
    smishra@bdo.ca

    • Successful PPE company

    • Looking to raise ~C$6.0 million

    • Located in Edmonton

  • Acquisition Mandates

    Project Lift

    Cameron Percy

    Cameron Percy

    Toronto

    416-369-6931

    cpercy@bdo.ca

    • Leading distributor and servicer of materials handling equipment

    • Target companies with revenue of over C$15.0 million

    • Located in Ontario

Deal of the quarter

BDO Contacts

Adam Mallon

780-643-6192

amallon@bdo.ca 

 


BDO Global Transaction Advisory Services

*1st most active M&A Advisor Globally - Pitchbook league tables 2020

*1st most active Advisor & Accountant Globally 2020 - Pitchbook league tables 2020

*2nd leading Financial Due Diligence provider Globally - Mergermarket global accountant league tables 2021

BDO Global Transaction Advisory Services

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To learn more, please contact

Michael Morrow

Toronto

416-890-6185
mmorrow@bdo.ca

Ryan Farkas

Toronto

416-775-7804
rfarkas@bdo.ca

Adam Mallon

Edmonton

780-643-6192
amallon@bdo.ca

Bernard Cormier

Montreal

514-218-6263
becormier@bdo.ca

Sunil Sharma

Toronto

416-775-7817
ssharma@bdo.ca

Cameron Percy

Toronto

416-369-6931
cpercy@bdo.ca

Brian Trainor

Kitchener/Waterloo

519-904-3226

btrainor@bdo.ca

Brendan le Nobel

Vancouver

604-742-2257

blenobel@bdo.ca

Derek Van der Plaat

Toronto

647-730-6715

dvanderplaat@bdo.ca

Shilpa Mishra

Toronto

647-730-0981

sshilpa@bdo.ca

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