Industrial Services Acquisitions in Canada

River Associates Investments’ Canadian portfolio company, Hoskin Group (Hoskin Scientific), completed the acquisition of Calgary-based Westech Industrial on January 30, 2026. Westech supplies analytical instrumentation and process control equipment and provides integrated process solutions across multiple Canadian industrial end markets. Hoskin expects the deal to be complementary to its Avensys and CTH operations and to support a unified national industrial and process instrumentation platform with cross-selling opportunities.

Reliability Won, an asset-reliability training and services platform backed by Battery Ventures, acquired Fluid Life, a provider of lubrication and oil analysis services. The deal expands Reliability Won’s capabilities into oil-condition monitoring and adds Fluid Life’s laboratory network across the United States and Canada. Fluid Life will continue to operate under its existing brand with Heather Nichols continuing to lead day-to-day operations.

RESA Power, LLC acquired Société Générale d'Électrotechnique (SGE), a Quebec City-based provider of vertically integrated electrical energy solutions supporting electrical utilities infrastructure. The deal expands RESA Power’s footprint into Quebec and adds capabilities across electrical construction, engineering, electrical testing, and in-house manufacturing of Canadian-made medium- and high-voltage power transformers. RESA Power is backed by private equity firm Kohlberg.

Ficodis Group, an industrial distribution group headquartered in Montreal, announced the acquisition of Tytan Glove and Safety, an Ontario-based supplier of personal protective equipment (PPE) and safety services. The deal expands Ficodis’ Canadian distribution footprint through Tytan’s distribution centers in Guelph, Ontario and Edmonton, Alberta, and adds Tytan’s online ordering platform to strengthen nationwide delivery and occupational health and safety capabilities.

Aecon Utilities Group Inc., a subsidiary of Aecon Group Inc., completed its previously announced acquisition of K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd. (collectively, KPC). KPC provides high-voltage testing, commissioning and energy metering solutions for utility projects in Ontario; financial terms were not disclosed.

River Associates Investments, L.P. acquired Davis Controls through its Canada-based portfolio company, the Hoskin Group (Hoskin Scientific). Davis Controls, headquartered in Oakville, Ontario, provides industrial automation, process control, and environmental solutions. The transaction closed on November 21, 2025, and is intended to accelerate Davis Controls’ growth and expand offerings across Hoskin’s national Canadian footprint.

GeologicAI announced the acquisition of Lumo Analytics, a provider of compact Laser-Induced Breakdown Spectroscopy (LIBS) scanner technology used for rapid, non-destructive geochemical measurements in mining. The deal expands GeologicAI’s integrated on-site sensor suite and Resource Knowledge Systems offerings, adding enhanced detection of rare-earth and light elements for critical minerals customers.

Centuri Holdings, Inc. (NYSE: CTRI) completed the acquisition of Connect Atlantic Utility Services Corporation (CAUS), a leading electric utility services provider in Atlantic Canada. The deal expands Centuri’s Canadian footprint and establishes it as a dual electric and gas utility-infrastructure services provider in Canada, integrating CAUS into Centuri’s Canadian operations. Pilot Wave Holdings Management, LLC sold CAUS to Centuri after a period of operational improvements and growth under its ownership.

Vance Street Capital acquired Damotech, a leading North American provider of aftermarket warehouse rack safety solutions, in a transaction announced November 13, 2025. Mountaingate Capital sold its majority interest and, along with Damotech management, reinvested significantly alongside Vance Street to support Damotech’s continued growth.

RESA Power, LLC, a portfolio company of Kohlberg, has acquired Accurate Power Group Limited, an electrical testing and infrared thermography provider. The acquisition expands RESA Power’s capabilities and presence in the greater Vancouver market and strengthens its service offering in Western Canada.

OPTEL Group, a global provider of pharmaceutical traceability and supply-chain solutions, acquired Vanguard Robotics, a specialist in end-of-line collaborative robot (cobot) automation for regulated pharma environments. The deal expands OPTEL’s capabilities beyond track-and-trace and vision systems into turnkey pharmaceutical manufacturing automation, including palletizing solutions. Vanguard’s customers are expected to benefit from OPTEL’s global service and support infrastructure and line-integration expertise.

Argyle Capital Partners and investment partner Sharno Group completed the sale of Ferro Technique Ltd. to MC Machinery Systems Inc. Ferro Technique, headquartered in Mississauga, Ontario, is an eastern Canadian multi-line distributor of machine tools serving manufacturing customers across Ontario, Quebec, and the Maritimes.

NDT Global, a provider of pipeline in-line inspection and integrity solutions for the energy sector, announced the acquisition of Entegra, a technology company focused on ultra-high-resolution Magnetic Flux Leakage (UHR MFL) in-line inspection services. The combination expands NDT Global’s inspection technology portfolio and strengthens its position in the gas pipeline market, with continued backing from NDT Global’s majority shareholder Novacap and investor La Caisse. Prior to the deal, Entegra was owned by Amberjack Capital Partners and a group of co-founders led by CEO Mark Olson; founders and key management from both companies will remain shareholders in the combined business.

Alsco Uniforms, a uniform and linen laundry services provider, announced the acquisition of Topper Linen and Uniform Service. The deal expands Alsco’s footprint in the Greater Toronto Area by adding Topper’s Toronto facility and delivery fleet, giving Alsco two laundry facilities in Toronto while retaining Topper’s employees and continuing operations locally.

Morgan Stanley Capital Partners (MSCP) acquired Thermogenics, a North American provider of industrial and commercial boiler service, maintenance and lifecycle solutions, in a transaction that closed on June 10, 2025. The deal represents an exit for Audax Private Equity’s Origins strategy, which had owned Thermogenics for nearly three years; financial terms were not disclosed.

Westbridge Capital acquired Delta Marine Service, a yacht repair and maintenance provider headquartered in Sidney, British Columbia. The deal is intended to support Delta’s next phase of growth through operational enhancements, expanded regional reach, and investment in talent and infrastructure. Following closing, Delta’s owner Brian Coverley will move to the Board while Jason Chupick will lead day-to-day operations.

Sentinel Dock & Door Solutions, backed by Trivest Partners, acquired Door Doctor, a commercial dock and door services provider headquartered in Montreal, Quebec. The deal expands Sentinel’s footprint into Eastern Ontario and Quebec and strengthens its national network of dock and door service providers across Canada.

Trivest Partners announced the formation of Sentinel Dock & Door Solutions, a Canadian platform bringing together commercial dock and door service providers. Sentinel was formed through the acquisitions of Lenworth Building Services, Pro Door & Dock Systems, and Mar-Lin Dock & Door, which provide installation, repair, and maintenance for overhead doors, dock levelers, and related equipment. The platform is headquartered in Canada with operations in Toronto and Southwestern Ontario and will pursue additional acquisitions for expansion.

JM Test Systems, a provider of test and measurement equipment and calibration services, acquired Canada-based BHD Instrumentation to expand its footprint and offerings in Canada. JM Test will partner with BHD CEO Adam Hesse to grow locations and capabilities across Canada, extending service coverage for customers across North America. JM Test Systems has been backed by Kanbrick since 2023 as part of a long-term growth strategy including geographic expansion and acquisitions.

FloWorks International LLC, a Wynnchurch Capital portfolio company, acquired CAC Industrial Equipment Ltd. CAC, headquartered in Victoria, British Columbia, distributes pumps and parts and provides repair services to industrial end markets including mining, aggregate, and water. The deal expands FloWorks’ pumps offering and strengthens its presence in Canada, representing FloWorks’ fifth acquisition under Wynnchurch ownership.

LFM Capital portfolio company SureKap LLC rebranded as Excelis Packaging Automation and acquired Kraken Automation Inc., with financial terms undisclosed. Kraken adds high-speed material handling and secondary packaging automation capabilities to the Excelis platform, expanding its turnkey packaging automation offering.

T.D. Williamson (TDW) announced it has joined forces with Petro-Line, a Canadian provider of patented pipeline repair and maintenance products and services. The combination adds Petro-Line’s PETROSLEEVE technology to TDW’s portfolio of pipeline technologies and services for pipeline operators.

Industrial Inspection & Analysis (IIA) acquired Canada-based Kova Engineering Ltd. to expand its lift inspection services across North America. Kova adds a 15-office Canadian footprint and engineering, inspection, testing, and certification capabilities, making IIA the largest third-party lift inspection company in North America.

CAI Capital Partners-backed LineStar Utility Supply Inc. acquired Distributions Limotrique Inc., a Sherbrooke, Quebec-based distributor of powerline technician tools, electrical products, and safety equipment. The acquisition expands LineStar’s presence in Quebec and adds Limotrique’s specialized testing and repair services for high-voltage live line equipment.

Power Grid Components (PGC), a Blackstone portfolio company, has acquired Vizimax Inc., a provider of controlled switching and other solutions for high- and medium-voltage electric power systems. Vizimax is headquartered in Longueuil, Quebec, and was previously owned by a group of investors led by BDC Capital and Yaletown Ventures. The deal expands PGC’s product portfolio and geographic footprint in North America and internationally; Nomura Greentech advised PGC.

Toromont Industries Ltd., a Toronto-based Caterpillar dealer, acquired Tri-City Equipment Rentals, a heavy equipment rental provider serving Southwestern Ontario. The deal expands Toromont Cat’s heavy rents business and adds a rental hub in the region, with Tri-City continuing to operate as it does today and its president Jeff Armishaw joining Toromont as a strategic advisor. The purchase price was paid in cash using available funds and is subject to customary post-closing adjustments.

Audax Private Equity acquired Total PowerGen Solutions (TPGS), a Mississauga, Ontario-based provider of commercial and industrial power generation solutions, from Trivest Partners. TPGS provides generator maintenance and repair services, rentals, and equipment distribution, and Audax plans to support the company’s buy-and-build strategy to expand further across North America. Financial terms were not disclosed.

Integrated Power Services (IPS) acquired DUAL-Électrotech Inc., an electrical products and services provider based in Sherbrooke, Quebec. The acquisition expands IPS’s power management and substation engineering, maintenance, repair, and field services capabilities across Canada and the Northeastern United States.

Team Group announced the acquisition of S.&T. Group, a multi-trade services company based in the Algoma District of Northern Ontario. The deal expands Team Group’s presence in the region and enhances its ability to provide broader in-house facility management and industrial services while retaining S.&T. Group’s existing management team.

AgriFORCE Growing Systems Ltd. closed the acquisition of the assets of Radical Clean Solutions Limited (RCS), adding RCS’s hydroxyl radical-based disinfection/decontamination technology to its IP portfolio. AgriFORCE previously held worldwide agricultural rights to commercialize the technology and had invested a 14% stake in RCS in 2023; RCS CEO Roger Slotkin will support development and manufacturing under a two-year consulting agreement.

Gauge Capital partnered with AGT Robotics’ founder and management team to provide growth capital and recapitalize the company. AGT Robotics, founded in 1992 and headquartered in Trois-Rivières, Quebec, provides robotic welding solutions for the structural steel and heavy metal fabrication industry.

Gold Fields Limited, through a wholly owned Canadian subsidiary, entered into a definitive arrangement agreement to acquire all outstanding shares of Osisko Mining Inc. for C$4.90 per share in an all-cash transaction valued at approximately C$2.16 billion (fully diluted). Osisko’s board unanimously recommends shareholders vote in favour, and the deal is expected to close in Q4 2024 subject to customary approvals.

Westbridge Capital Ltd. acquired Berg Industrial Service, Inc., a 50-year-old family business headquartered in Ontario that installs and services industrial chilling systems. The transaction also included participation in the financing by Westbridge Capital Partners Investment Trust, which took a 10% equity interest.

RESA Power, LLC acquired THE Chem Lab Ltd. to add power transformer insulation fluid diagnostic and analysis capabilities in Canada. Chem Lab operates a laboratory in Calgary, Alberta, and the acquisition expands RESA Power’s transformer predictive and preventative maintenance service offering across Canada.

TorQuest Partners announced it has completed the sale of Onyx-Fire Protection Services, a leading independent provider of fire and life safety services in Canada. Onyx-Fire provides testing, inspection, repair, retrofit, upgrade, and installation services to help customers meet regulatory and insurance-related fire safety standards.

Distribution Solutions Group, Inc., through its operating company Lawson Products and affiliate Lawson Products Canada, Inc., entered into an agreement to acquire Source Atlantic Limited. Source Atlantic is a Canadian wholesale distributor of industrial MRO supplies and related value-added services headquartered in Saint John, New Brunswick. The deal is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions, and will be funded with cash and credit facility availability.

Hillcore Group completed the acquisition of CEDA effective June 18, 2024. CEDA had been majority-owned by OMERS since 2005, and will continue operating under its existing leadership team as part of Hillcore’s portfolio.

North American Rail Solutions, through its Canadian subsidiary Universal Rail Systems, acquired Condor Signals and Communications, a provider of rail signals and communications services and related manufactured products. Condor will operate as part of Universal Rail’s signals group and maintain its offices in Oakville, Ontario. The deal expands North American Rail Solutions’ signals and communications capabilities across Canada and into the United States.

RESA Power, LLC has acquired AVATT, Inc., a transformer installation and maintenance services provider based in Edmonton, Alberta. The deal expands RESA Power’s transformer services capabilities across western Canada, adding additional oil processing rigs and technical expertise. RESA Power is a portfolio company of Investcorp.

Convergint, a global service-based systems integrator, acquired Panavidéo Inc., a Canada-headquartered security systems integrator focused on access control and video security solutions across Quebec. The deal expands Convergint’s Canadian presence and deepens its capabilities serving customers in utilities, higher education, healthcare, and data center markets.

Laurentide Controls, an industrial process automation solutions supplier in Eastern Canada, has acquired Liquiteck, an industrial pump distributor. Liquiteck will continue operating under its existing name and maintain its Valleyfield and Val d'Or facilities while benefiting from shared administrative services from Laurentide’s Kirkland, Quebec headquarters. Financial terms were not disclosed.

Varsteel acquired Pacific Steel, a Quebec-based distributor, fabricator, and installer of structural steel and rebar serving customers across Canada and parts of the northeastern United States. Heritage Capital Group acted as the exclusive financial advisor to Pacific Steel on the transaction. Financial terms were not disclosed.

Nors Group, a Portuguese private company, has acquired Great West Equipment, a Volvo Construction Equipment dealer serving western Canada. Great West Equipment is headquartered in Vernon, British Columbia and operates across 11 locations with around 250 employees. The deal expands Nors’ presence in Canada, complementing its North American subsidiary Strongco Corp.

Alphi Capital, a Toronto-based lower middle market private equity firm, announced a partnership with K2 Fasteners, a national master distributor of stainless steel and other corrosion-resistant fasteners. Headquartered in British Columbia, K2 operates five branches across Canada, and the partnership is intended to support continued growth through investments in people, capacity, and geographic expansion.

Intertek has agreed to acquire Base Metallurgical Laboratories Ltd. and Base Met Labs US Ltd. (together, “Base Met Labs”), a North America-based provider of metallurgical testing services for the minerals sector. Base Met Labs, founded in 2014 and operating laboratories in Kamloops, British Columbia and Tucson, Arizona, will complement Intertek Minerals’ existing capabilities in geochemistry, mine site laboratories, and trade inspection while expanding Intertek’s footprint across the Americas.

Ideal Supply, a subsidiary of Deschenes Group, acquired Electrical Wholesale Supply (EWS), with Peakstone serving as EWS’s exclusive M&A advisor. EWS is an electrical equipment distributor serving the Windsor, Ontario region, and the deal expands Ideal Supply’s geographic footprint into Windsor and Leamington, Ontario. Transaction terms were not disclosed.

MSC Industrial Supply Co. (NYSE: MSM) acquired KAR Industrial Inc., an Ontario-based Canadian metalworking distributor serving industrial customers across Canada. KAR will continue operating under its existing names, including its Duramill and Omnitool divisions, with President Ward Meek continuing to manage day-to-day operations; MSC expects the deal to expand its metalworking and MRO footprint in Canada.

PrevTech Innovations acquired Agrivolt, bringing the two companies together to expand electrical network safety offerings for the agricultural sector. The combination integrates PrevTech’s electrical safety monitoring and prevention capabilities with Agrivolt’s stray voltage detection, control, and mitigation solutions focused on animal well-being and farm productivity.

Komar Industries, a designer and manufacturer of industrial waste and recycling processing systems, acquired NexGen Municipal Inc., a provider of municipal equipment solutions and systems aimed at lowering municipal services’ lifecycle operating costs. The acquisition builds on a longstanding relationship between the companies and is intended to expand Komar’s municipal offering and growth opportunities for NexGen.

JDI Cleaning Limited Partnership (JDI LP), a portfolio company of TrussPoint Equity Partners, acquired United Janitorial Inc. and Drake Clean Up Systems Inc. (together, UJ Group). The acquired businesses will continue operating in Prince Edward Island under their existing management team, and former shareholders Jordan Fraser and Trevor Bevan will remain invested in UJ Group.

Orica entered into a binding sale and purchase agreement to acquire Terra Insights from Vance Street Capital for CAD $505 million. Terra Insights, headquartered in Vancouver, British Columbia, provides sensor and data delivery technology for geotechnical, structural, and geospatial monitoring in mining and infrastructure, with the deal expected to close in the first half of 2024.

Centurion Group completed four strategic acquisitions in 2023 to expand its operational footprint and broaden its service offering across critical industries. The acquisitions include Blue Drop Solutions and RioView Industries in Canada (water and wastewater services), Whitetail Energy Services in British Columbia (remote accommodations and services), and BBB Remote Site Services in Western Australia (portable accommodation, camp facilities, and catering).

Sunbelt Rentals, headquartered in Fort Mill, South Carolina, acquired the six-location rental businesses of Nor-Val Rentals, which is headquartered in British Columbia, Canada. Former owner Jim Clipperton said Sunbelt assumed control on Dec. 1, 2023. Separately, Nor-Val Rentals also sold its two Bobcat dealerships to Chilkoot Equipment.

Alta Equipment Group Inc. (NYSE: ALTG) acquired Ault Industries Inc., a privately held Canadian equipment distributor operating in Ontario and Quebec. The $36.0 million deal expands Alta’s Construction Equipment segment into Canada and includes assumption of Ault’s exclusive dealer agreement with McCloskey in the crushing and screening category. Ault’s brand, employees, and management team will remain in place post-close.

Endries International Inc. announced the acquisition of Viscan Group, a supplier of specialized screws, fasteners, and related components. Viscan, founded in 1992 and headquartered in Joliette, Quebec, will continue to be managed day-to-day by its existing leadership team, including members of the Baril family.

Lou-Tec, a Quebec-based equipment rental company, has acquired Ontario-based Torcan Lift Equipment, a specialist in the rental, sales, and maintenance of elevation (aerial lift) equipment. Torcan will continue operating under its existing brand with its Toronto head office, and Torcan’s principal shareholders will become shareholders of Lou-Tec with management remaining in place. Lou-Tec and Torcan will be supported in their growth plans by financial partners including Sagard Private Equity Canada, Walter Capital Partners, Investissement Québec, BDC Capital’s Growth Equity Partners, and Fonds de solidarité FTQ.

River Associates-backed Hoskin Scientific Ltd. acquired Durham Instruments, a Pickering, Ontario-based supplier of test and measurement instrumentation and data acquisition/control systems. Durham will continue to operate under its own brand within Hoskin’s portfolio alongside Avensys and CTH, with debt financing provided by PNC Mezzanine Capital.

CAI Capital Partners portfolio company LineStar Utility Supply Inc. acquired Western High Voltage Test Centre Inc., a Calgary-based provider of high-voltage live line equipment testing services. The acquisition adds high-voltage testing capabilities to LineStar’s utility equipment offering, with WHV continuing as LineStar’s testing division led by WHV president Daniel Verhelst, who retained a meaningful equity interest.

Rockwell Automation has signed a definitive agreement to acquire Clearpath Robotics Inc., an Ontario, Canada-based autonomous robotics company, including its OTTO Motors division. The deal is intended to accelerate Rockwell’s end-to-end autonomous production logistics and advanced material handling capabilities for manufacturing customers. The acquisition will be funded in part by proceeds from Rockwell’s sale of its investment in PTC and is expected to close in the first quarter of Rockwell’s fiscal 2024, subject to regulatory approvals.

Hexagon AB announced the acquisition of HARD-LINE, a provider of mine automation, remote-control technology, and mine production optimisation solutions. The deal strengthens Hexagon’s mining automation and safety offerings and will add HARD-LINE into Hexagon’s Mining division to complement products such as HxGN Underground Mining, HxGN Autonomous Mining, and the HxGN MineProtect platform.

Mikisew Group, via its private investment division, purchased all of ATB Private Equity’s equity holdings in JL Filtration, increasing its ownership from an initial 2020 investment. Following the transaction, Mikisew Group now holds a majority interest in the Edmonton-headquartered industrial filtration equipment and services provider.

Integrated Power Services (IPS) has acquired Surplec, a Canada-based provider focused on managing and remanufacturing surplus medium and high-voltage transformers. The deal adds three Surplec locations across Canada and expands IPS’s power management, transformer services, and remanufacturing capabilities for customers in Canada and the United States.

Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, acquired Midstream Equipment Corporation. Midstream, headquartered in Calgary, Alberta, provides specialty rental solutions for critical applications in the oil & gas and large industrial sectors; terms were not disclosed. The deal is REIC’s sixth add-on acquisition under Kinderhook’s ownership.

Lenworth Building Services announced a partnership with Trivest Partners, a Miami-based private equity firm. Lenworth, headquartered in Mississauga, Ontario, will continue to be led by President Spencer Cawker, with founder Ralph Cawker remaining in an advisory capacity as the company pursues continued growth.

Fluid System Components, Inc. (FSC) announced it has acquired Norcan Fluid Power Company, a hydraulic and fluid power distributor serving mobile and industrial customers across Western Canada. The deal expands FSC’s geographic reach and engineering/service capabilities, with Norcan becoming part of the FSC group of companies and operating as a division of FSC.

American Track Services (ATS), a portfolio company of DFW Capital Partners, acquired Universal Rail Systems (URS), Canada’s largest provider of railroad infrastructure inspection, maintenance, repair and construction services. Following the deal, ATS and URS will operate under a newly created parent brand, North American Rail Solutions, expanding the platform’s North American footprint. URS was acquired from an investor group led by TorQuest Partners; financial terms were not disclosed.

Osmose Utilities Services, Inc. has acquired the Geospatial & Asset Management business of Effigis Geo-Solutions to expand its data-driven utility and telecom infrastructure inspection and asset management capabilities in Canada. Effigis was a division of Cansel, which will retain Effigis’ Earth Observation and Products groups, while Effigis will continue to be headquartered in Montreal as part of Osmose’s Canadian operations.

Regimen Equity Partners Inc. acquired Thomas Skinner & Son Ltd., marking Regimen’s ninth platform investment. Thomas Skinner, founded in 1904 and headquartered in Richmond, British Columbia, is Western Canada’s leading distributor of industrial metalworking equipment and machine shop supplies, and also provides service, parts, and training.

Hillcore Group has completed the acquisition of Zanron Mechanical Services, a fabrication and construction services provider based in Kitimat, British Columbia. Zanron supports major local industrial operators including Canada LNG and the Rio Tinto aluminum plant, and will complement Hillcore Industrial’s existing affiliates such as Waiward and Academy.

RESA Power, LLC, a portfolio company of Investcorp, announced the acquisition of Exell Power Services, Ltd. Based in Surrey, British Columbia, Exell provides low-, medium-, and high-voltage electrical installation services including field services, custom manufacturing, testing, and engineering across Western Canada. The acquisition expands RESA Power’s electrical testing, equipment remanufacturing, and engineering capabilities and increases its service footprint to six locations in Western Canada.

American Industrial Partners (AIP) and its portfolio company Brock Group have acquired Chinook Scaffold Systems, LTD, a scaffolding and insulation systems provider headquartered in Nanaimo, British Columbia, Canada. The deal expands Brock’s presence in Western Canada and broadens its product and service offerings across industrial end markets; financial terms were not disclosed.

ATS Scientific Inc., a Canadian provider of scientific equipment and services, acquired Folio Instruments Inc., a Kitchener, Ontario-based distributor of scientific equipment and service provider. Folio will continue operating from its Kitchener facility and retain its name, website, and e-commerce store, with integration and cross-training underway. Sage Capital Partners is cited as ATS Scientific’s equity investor supporting the company.

LOU-TEC, a heavy equipment rental company in Quebec, acquired Quebec-based YEP Location d'équipements (YEP) to expand and consolidate its presence in the province’s equipment rental market. The deal adds multiple service points and a distribution centre between Sherbrooke and Montreal, improving LOU-TEC’s coverage in the Eastern Townships and Montérégie regions. YEP’s current leadership will remain in place following the transaction.

EQI Ltd. and Accucam announced a merger in which Accucam will operate as a division of EQI, forming an expanded global metal products supply-chain and manufacturing solutions provider for major OEMs. Accucam had been a portfolio company of Fulcrum Capital Partners, which will retain an ownership stake in the combined business; transaction terms were not disclosed.

Graham Partners Growth completed a minority growth equity investment in Signifi Solutions, a Toronto-based company that designs and engineers robotic-based dispensing kiosks, smart lockers, and loss prevention solutions supported by an enterprise software and cloud platform. The investment is intended to support Signifi’s continued growth and new product development across retail automation and corporate IT asset management use cases.

Accenture has completed its acquisition of Eclipse Automation, a provider of customized manufacturing automation and robotics solutions. Eclipse Automation, headquartered in Cambridge, Ontario, Canada, will bolster Accenture’s digital engineering and manufacturing service (Industry X) to help clients build “factories of the future” using cloud, data and AI. Financial terms were not disclosed.

Henkel Adhesive Technologies (via its corporate venturing activities) invested in Direct-C LTD, a technology start-up headquartered in Edmonton, Canada. Direct-C developed polymer nanocomposite sensor technology for early detection of hydrocarbon leakages, which Henkel plans to leverage to expand its predictive maintenance and MRO (maintenance, repair and overhaul) offerings under its Loctite Pulse IIoT solutions portfolio.

RESA Power, LLC announced the acquisition of Advanced Electrical Services, Ltd. (AES), an Alberta-based provider of medium- and high-voltage electrical testing services across Western Canada. The deal expands RESA Power’s Canadian footprint and represents the first add-on acquisition since Investcorp acquired RESA Power in December 2021.

Groupe ADF acquired Amrikart Ultraprecision Inc., a Quebec-based company specializing in high-precision dimensional metrology, metrology solutions, and measuring-device automation. The deal supports Groupe ADF’s growth strategy in North America and complements its existing metrology capabilities under the G2Metric brand. The transaction became effective on July 1, 2022.

LOU-TEC announced the acquisition of Accès Location +, an aerial lift equipment rental specialist, to strengthen its position as a leading heavy machinery, tools, and specialized equipment rental provider in Quebec. The transaction, completed June 17, 2022, expands LOU-TEC’s aerial lift fleet and service capabilities for construction-sector customers across Quebec, supported by its financial partners.

In June 2022, Audax Private Equity acquired Thermogenics, Inc., a North American provider of boiler lifecycle solutions including manufacturing of coil-tube boilers and related parts and services. Thermogenics was purchased from Ironbridge Equity Partners and certain other minority investors, with financial terms not disclosed. The deal represents the first investment by Audax’ Origins Fund I.

Municipal Emergency Services (MES), a portfolio company of Platte River Equity, acquired Code 4 Fire & Rescue and The Uniform House. The acquisitions expand MES’s geographic footprint and broaden its product offering for fire, law enforcement, and emergency medical services customers.

Exchange Income Corporation (EIC) completed its acquisition of Northern Mat & Bridge Limited Partnership, a Calgary-based provider of temporary access solutions, for an enterprise value/purchase price of C$325 million. The deal was funded with C$35 million in EIC common shares issued to the vendors and C$290 million of cash drawn from EIC’s credit facility. TriWest Capital Partners exited its investment in Northern Mat & Bridge through the sale.

CAI Capital Partners’ portfolio company Universal Group acquired Signalisation de l'Estrie and its subsidiaries (collectively Groupe Signalisation), expanding Universal’s traffic control services footprint in Québec, Canada. CAI’s equity co-investment partners in the combined organization include BDC Capital, Roynat Equity Partners, and Frind Enterprises, with debt financing provided by Bank of Montreal, Canadian Imperial Bank of Commerce, and The Bank of Nova Scotia.

Massey Capital, in partnership with Craig Collison, acquired SMS Machine Tools Limited (SMS), an Ontario-based distributor and servicer of CNC machines and tools operating in Ontario and Quebec. Following the acquisition, Brian Smith will remain President, Craig Collison will remain General Manager, and Massey Capital Partner Scott Newhouse will join as CEO.

Gensource Potash Corporation has entered into a binding agreement to acquire 100% of Innovare Technologies Ltd., a privately held developer of patented selective solution mining and brine processing technology for potash and other soluble minerals. The acquisition will be completed via a reorganization in which Innovare shareholders exchange their shares for new Gensource common shares, making Innovare a wholly owned subsidiary. The transaction values Innovare at approximately US$11.5 million and is expected to close in Q2 2022, subject to conditions including TSX Venture Exchange approval.

WillScot Mobile Mini Holdings Corp. closed the acquisition of Canadian storage services provider Storstac Inc., funded with cash on hand and borrowings under its revolving credit agreement. The deal adds over 1,100 storage units and expands WillScot Mobile Mini’s portable storage footprint in the greater Toronto area.

WP Global Partners announced the full realization (exit) of its direct investment in Royal Camp on April 1, 2022. Royal Camp provides workforce accommodations and catering services to energy, mining, pipeline, and refinery operators in Western Canada; WP Global had invested alongside HKW. No acquirer or buyer for the exit was disclosed.

Capstone Mining Corp. completed a transaction to combine with Mantos Copper (Bermuda) Limited under a British Columbia plan of arrangement, creating Capstone Copper Corp. Following the exchange of shares, Capstone Mining became a wholly owned subsidiary of Capstone Copper, with former Capstone shareholders owning 60.2% and former Mantos shareholders owning 39.8% of the combined company. The combined entity, renamed Capstone Copper, is headquartered in Vancouver, British Columbia and trades on the Toronto Stock Exchange under ticker “CS”.

SyBridge Technologies, a global industrial technology company established by private equity firm Crestview Partners, acquired Advantage Engineering Inc., a rapid prototyping and additive manufacturing provider. The acquisition expands SyBridge’s Technology & Services business unit by adding 3D printing, rapid prototyping, and related low-volume production capabilities, including digital online quoting via SyBridge’s IoT Cloud platform.

LBB Specialties LLC acquired Debro Inc., a Canadian specialty chemicals and ingredients distributor headquartered in Brampton, Ontario. Financial terms were not disclosed. The deal expands LBB Specialties’ geographic and service coverage in Canada and supports its growth in North American specialty chemical distribution.

Paramount Pallet, a 48forty Solutions Company, has acquired Industrie de Palettes Standard (I.P.S.) inc., a pallet recycling and repair business serving the Montreal area. The deal expands Paramount Pallet’s footprint in Quebec and enhances its pallet repair, modification, delivery, and related services; financial terms were not disclosed.

Centurion Group acquired Polar Septic Systems and Aleron to expand its global footprint and enhance its portfolio with more technical and greener service offerings. Polar Septic Systems provides wastewater rentals and treatment solutions in Canada, while Aleron (based in Aberdeen) designs and manufactures specialized subsea equipment for sale and rental across subsea energy, offshore wind, and telecom markets.

Custom Truck One Source, Inc. completed the acquisition of HiRail Leasing Group (including HiRail Leasing, Northshore Rail Contracting and Heavy Equipment Repairs) for $46.0 million. The deal expands Custom Truck’s rail equipment rental presence in Canada, adding locations in Ontario and Alberta, and was funded through cash on hand and drawings on the company’s existing credit facility.

River Associates Investments, LP acquired Hoskin Scientific Limited in a transaction that closed on December 30, 2021. Hoskin Scientific, headquartered in Burnaby, British Columbia, is a value-added distributor of test, measurement, and monitoring equipment serving environmental, geotechnical, and processing markets across Canada.

Nanalysis Scientific Corp. entered into a binding agreement to acquire 100% of K'(Prime) Technologies Inc. (KPrime), a North American sales and service company focused on scientific instrumentation and imaging systems for security applications. The transaction is expected to close before December 31, 2021 (potentially extended to January 31, 2022) and includes $3 million in cash plus 2.76 million Nanalysis shares, with an additional earn-out of up to $1 million based on future revenue objectives.

Brandt Tractor Ltd. completed its acquisition of Cervus Equipment Corporation via a court-approved plan of arrangement under the Canada Business Corporations Act. Brandt’s wholly owned subsidiary, 13255026 Canada Ltd., acquired all outstanding Cervus common shares not already held by Brandt and its affiliates for $19.50 per share in cash, implying aggregate consideration of approximately $302 million.

ATS Scientific Inc., a Canadian provider of analytical instrumentation, sample preparation, and materials processing equipment and related services, has been acquired by an investment group including Aevi Capital and Sage Capital Partners. The investment is intended to support ATS Scientific’s continued growth and expansion across the Canadian laboratory equipment market, with Aevi Capital’s Aleks Sobot assuming the CEO role.

Herc Holdings Inc. (operating as Herc Rentals) acquired Dwight Crane Ltd., a Toronto-area (Ajax, Ontario) entertainment equipment rental business, along with its U.S. affiliate LRX LLC. Dwight Crane provides equipment and lighting rentals for film, event, and commercial production, with operations in Ontario and Los Angeles. Financial terms were not disclosed.

Crestview Partners completed a majority investment in JMP Solutions, an automation systems integrator headquartered in London, Ontario. Crestview is positioning JMP as the initial platform in a broader build-up strategy, allocating up to $200 million of equity to create a market-leading global automation solutions provider. Financial terms were not disclosed, and JMP’s leadership team will remain in place.