10 Acquisitions of Companies in Toronto

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Toronto. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 10 acquisitions that took place in Toronto .

500px acquired by Visual China Group

Details about the transaction:

Acquisition amount:

$17,000,000

Announcement:

26 February 2018

Details about the company:

A worldwide photographic network and software, 500px enables aspiring and seasoned photographers to spread their work, receive criticism, and make money from it.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Apps, Communities, Content, Internet, Photography

Details about the buyer:

One of the biggest image licensing firms in the world, Visual China Group is a visual communications and new media company in China.

Headquarter:

Beijing, Beijing, China

Where to find them:

NexJ Systems acquired by Harris Computer Systems

Details about the transaction:

Acquisition amount:

$12,000,000

Announcement:

29 August 2022

Details about the company:

To provide CRM solutions for the financial services, insurance, and healthcare sectors, NexJ Systems creates cloud-based software.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

CRM, Enterprise Software, Software, Wealth Management

Details about the buyer:

Software from Harris Computer Systems, a market leader, offers options for life plans.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Shepherd Gourmet Dairy acquired by Saputo Inc.

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

23 May 2018

Details about the company:

The cheese and yogurt manufacturing plant of Shepherd Gourmet Dairy is completely contemporary.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Consumer Goods

Details about the buyer:

Various dairy products are produced, sold, and distributed by Saputo.

Headquarter:

Montréal, Quebec, Canada

Where to find them:

Inkbox acquired by BIC

Details about the transaction:

Acquisition amount:

$65,000,000

Announcement:

18 January 2022

Details about the company:

Customers may get the appearance and sensation of a traditional tattoo for two weeks thanks to inkbox.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Consumer, Fashion, Lifestyle

Details about the buyer:

BIC makes lighters, shavers, and stationery. BIC makes daily living more enjoyable and straightforward.

Headquarter:

Clichy, Ile-de-France, France

Where to find them:

Coinberry acquired by WonderFi

Details about the transaction:

Acquisition amount:

$38,500,000

Announcement:

18 April 2022

Details about the company:

With 0% withdrawal and financing fees, Coinberry is the fastest-growing FINTRAC-registered cryptocurrency trading platform in Canada.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Blockchain, Cryptocurrency, Financial Services, FinTech, Information Technology, Software

Details about the buyer:

Through DeFi, WonderFi, a technological business, is improving people's access to financial services.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Esc Corporate Services acquired by Information Services Corporation

Details about the transaction:

Acquisition amount:

$21,530,710

Announcement:

22 July 2015

Details about the company:

Toronto-based Esc Corporate Services is a provider of information services for search engines.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Information Services, Information Technology, Search Engine

Details about the buyer:

The development is being handled by Information Services Entity (ISC), a publicly listed (TSX:ISV) Saskatchewan corporate corporation.

Headquarter:

Regina, Saskatchewan, Canada

Where to find them:

Rubikloud acquired by Kinaxis

Details about the transaction:

Acquisition amount:

$60,155,977

Announcement:

15 June 2020

Details about the company:

Through its cloud-native platform, Rubikloud leverages AI to provide intelligent decision automation to business merchants.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Artificial Intelligence, Big Data, Cloud Data Services, Internet, Machine Learning, Retail, Retail Technology, Software

Details about the buyer:

Leading supplier of cloud-based subscription software is Kinaxis.

Headquarter:

Ottawa, Ontario, Canada

Where to find them:

Silk & Snow acquired by Sleep Country Canada

Details about the transaction:

Acquisition amount:

$17,637,527

Announcement:

20 December 2022

Details about the company:

A firm called Silk & Snow offers furniture and other home goods online.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

E-Commerce, Furniture, Retail, Shopping

Details about the buyer:

Canada's speciality sleep shop is called Sleep Country.

Headquarter:

Brampton, Ontario, Canada

Where to find them:

St. Louis Bar and Grill acquired by Aegis Brands

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

29 September 2022

Details about the company:

The online food and beverage retailer St. Louis Bar & Grill specializes on wings, ribs, and beer.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

E-Commerce, Food and Beverage, Food Delivery

Details about the buyer:

The goal of Aegis Brands is to create a portfolio of exceptional brands that can benefit from Aegis' resources and experience to develop and prosper.

Headquarter:

Markham, Ontario, Canada

Where to find them:

Waypoint Investment Partners acquired by Chesswood Capital Management

Details about the transaction:

Acquisition amount:

$1,589,610

Announcement:

15 March 2022

Details about the company:

A business partnership called Waypoint Investment Partners is dedicated to making investments in both public and private sectors.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Financial Services, Impact Investing, Real Estate Investment

Details about the buyer:

Investors looking for exposure to loan receivables can get private credit options from Chesswood Capital Management.

Headquarter:

Toronto, Ontario, Canada

Where to find them: