Q-News
October 2010
Posted in M&A News
We came across six private Canadian M&A deals this
September, which is two more deals than in August but four fewer than the ten
deals we reported in September of 2009.
Five of the deals were cross-border transactions – two involving a
financial buyer and three involving a strategic acquisition. The only all-Canadian acquisition was that of
a successful Ottawa-based burger chain by an Oakville
company that is interested in growing the brand beyond the Ottawa area.
Canadian M&A
transactions:
The Works Gourmet Burger Bistro, a restaurant chain known for
offering 67 unique gourmet burgers, was acquired by Fresh Brands, an
Oakville-based company specializing in brand expansion, for $10 million.
Fresh Brands plans to introduce the chain, whose six locations are
all in the Ottawa area, to other regions of Canada.
Cross Border M&A
IHS
(NYSE: IHS), a Colorado-based company that provides its diversified client base
with industry data, technical documents, consulting services and custom
software solutions, acquired Quebec-based Atrion International, a Walsingham
Fund portfolio company. IHS made the acquisition in order to
integrate Atrion’s product
compliance solutions into its own offering.
Connecticut-based
Catterton
Partners, a private equity firm that invests solely in companies that
deal with consumer products, acquired Alasko Foods, a Montreal-based frozen
food importer. Terms of the transaction were not disclosed.
Green Mountain Coffee Roasters (NASDAQ: GMCR), a Vermont-based
coffee roaster, marketer and distributor expanded its North American presence
by acquiring Montreal-based Van Houtte from Littlejohn & Co for
$915 million. Green Mountain
started its push into Canada
in 2009 with the acquisition of Toronto-based Timothy's Coffees of the World
for $157 million.
Tricor Pacific Capital, a Vancouver-based private equity firm, acquired BFG Supply, a Texas-based
distributor of plant cultivation products. Terms of the transaction were not disclosed.
Livingston International, a Toronto-based customs broker
with a presence at airports, seaports, and key border points across the US and Canada expanded their operations on
the US-Mexico border by acquiring Texas-based Maquilogistics.
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