Sale processes across Canada
964 processes in active matters · 12 taking bids · court-supervised sales, as the filings state them
The market, drawn to scaleThe market
Each slice is one stage, drawn to scale — 964 processes in matters still open, in the order a sale travels. Cobalt deepens as a process advances; grey is concluded; the hatch is a process no filing has staged.
What each sale went for is for subscribers — the stated price, beside the purchaser. The stages, the counts and who bought are open to everyone.
By stageMarketed (24)Process approved (101)Bid selected (7)Approval pending (127)Approved (366)Back-up bid (1)Liquidating (35)Closed (232)Did not complete (15)No acceptable bid (13)Terminated (3)Stage not stated (40)
Taking bids nowTaking bids
The calendarBid deadline
Portwood Development 3 Limited Partnership, Portwood Development 3 GP Ltd., Portwood Development 4 Limited Partnership, Portwood Development 4 GP Ltd Process approved
British Columbia · source · in 2 filings
Bid deadline
Northvolt Batteries North America Inc. et al. Process approved
Quebec · Raymond Chabot Inc. · source · in 2 filings
Bid deadline
Sonic Enclosures Ltd. Process approved
British Columbia · source · in 2 filings
Bid deadline
Pyxis Customer Solutions XII Ltd. Stage not stated
Alberta · GlassRatner Restructuring Inc. · source · in 2 filings
Bid deadline
Luxor Land Ltd. Process approved
Alberta · JLL Capital Markets · source
Bid deadline
Seafood 2000 Ltd. Process approved
Prince Edward Island · Resolve Advisory Services Ltd. · source
Bid deadline
Allumiqs Solutions inc. and Allumiqs Corporation Process approved
Nova Scotia · source
Bid deadline
Western Potash Corporation Process approved
British Columbia · FTI Consulting Canada Inc., FTI Capital Advisors Canada ULC · source · in 3 filings
Every date is the one a filing states, and links to that filing.
| Case | Stage | What is selling | Purchaser | Price | Advisor | Last activity ▲ |
|---|---|---|---|---|---|---|
| Strike Minerals Inc.Ontario | Approved | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | 2548304 Ontario Inc. | — | A. Farber & Partners Inc.+1 more | 29 Mar 2017 |
| PV Labs Inc.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 902878 Ontario Limited | — | — | 31 Mar 2017 |
| 6450857 Canada Inc.Quebec | Liquidating | — | — | — | KPMG Inc. | 9 May 2017 |
| Densi CorporationQuebec | Closed | Asset salethe assets listed in Schedule "A" to the Vesting Order | 9098-5128 Québec Inc.1 of 3 sales · 3 closed | Sealed | — | 2 Jun 2017 |
| Drytech International Inc. and 6892639 Canada Inc.Ontario | Approval pending | Real property1670 Vimont | Gal Real Two Holdings Ltd.1 of 10 sales · 6 closed | ••• | Metro Suburban Realty Ltd.+2 more | 20 Jun 2017 |
| WCI Westervelt College IncOntario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') | EFC Trade Inc. | — | — | 2 Aug 2017 |
| R5 Energy Services Ltd.Alberta | Approved | Asset salethose assets listed in Schedule "A" attached (the "Assets") | ABS Oilfield Supply Canada Inc1 of 4 sales · 3 closed | ••• | Exquisite Energy Services | 17 Aug 2017 |
| Edgemere Estate Limited Partnership and its general partner, Edgemere Estate LimitedOntario | Closed | —the Development Lands | —1 of 7 sales · 5 closed | Sealed | Sotheby's | 6 Sep 2017 |
| Second Wave Petroleum IncAlberta | Approved | Asset saleSWP's oil and gas interests, including proprietary seismic, in the Swan Hills Assets | Crescent Point Resources Partnership1 of 2 sales · 1 closed | — | — | 11 Sep 2017 |
| Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”)Ontario | Approval pending | Asset salethe acquired assets described in the APA | Fast Track Global Limited | Sealed | — | 12 Sep 2017 |
| BCBG Max Azria Canada Inc.Quebec | Closed | Asset salethe sale of BCBG Global Holdings inventory, contracts, and certain other assets (the ' Acquired Assets '), including the inventory located in the Partner Shops and the agreement between BCBG Canada and HBC | GBG USA Inc. | ••• | Gordon Brothers Canada ULC+3 more | 20 Sep 2017 |
| Heaven Fresh Canada IncOntario | Bid selected | — | — | — | — | 3 Oct 2017 |
| Branch 1-7 of the Polish Alliance of Canada and PolishAssociation of Toronto, LimitedOntario | Closed | Real propertythe property located at 32 Twenty Fourth Street, Toronto, Ontario (the "Property") | —1 of 4 sales · 4 closed | ••• | RE/MAX PROFESSIONALS INC. | 10 Oct 2017 |
| Tecolam Inc.Quebec | Approved | Real propertyles Actifs achetés | Groupe Aubé Ltée et/ou 9224-5075 Québec Inc. | Sealed | — | 14 Nov 2017 |
| WYNIT Distribution, LLC, WD Navarre Canada, ULC, WD Navarre Distribution, LLC, WD Encore Software, LLC, WD Navarre Holdings, LLC, WD Navarre Digital Services, LLC, WYNIT Holdings, Inc.Ontario | Approved | Asset saleany assets located in Canada sold by the Agent pursuant to the Sale Agreement (the "Canadian Assets") | GBH Wynit, LLC1 of 5 sales · 2 closed | ••• | Conway+1 more | 5 Dec 2017 |
| 8640025 Canada Inc and Teliphone Data Centers IncBritish Columbia | Closed | Share saleissued and outstanding shares of TNW Networks (the TNW Shares) | United American Corp.1 of 5 sales · 2 closed | ••• | — | 19 Dec 2017 |
| JMV Enterprises Ltd.Saskatchewan | Approved | Real propertycertain lands in the City of Regina described in Schedule A to this Order (the "JMV Lands") | 20th Century Investments Ltd.1 of 8 sales · 2 closed | Sealed | Colliers+2 more | 8 Jan 2018 |
| M&L General Contracting Ltd. and M&L Holdings LtdManitoba | Closed | Real propertycertain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the 'M&L Holdings Property') | Clearwater Investments Inc.1 of 5 sales · 3 closed | Sealed | Colliers+4 more | 17 Jan 2018 |
| Concept Gourmet du Village Inc.Quebec | Approved | Asset salethe assets described in the Offer as detailed in Schedule "A" annexed to this Order (the "Purchased Assets") | MSRF Inc. | Sealed | Tidewater Group Inc. | 25 Jan 2018 |
| Banro CorporationOntario | Process approved | — | — | — | FTI Capital Advisors - Canada ULC+1 more | 29 Jan 2018 |
| Courtice Auto Wreckers Limited et al.Ontario | Approvedper the transactions | Real propertythe Debtor's right, title and interest in and to the real property municipally known as 445 and 701 Brook Road North, Cobourg, Ontario | 1746280 Ontario Inc.1 of 2 sales | Sealed | — | 6 Mar 2018 |
| Comptoir des Indes inc.Quebec | Process approved | — | — | — | KPMG Inc. | 16 Mar 2018 |
| SecureCare Capital Inc.Ontario | Approved | Asset saleall of SecureCare's right, title and interest in and to the Asset Portfolio described in the Second Amended Proposal | 2628013 Ontario Inc. | — | — | 11 Apr 2018 |
| Metropolis Properties IncOntario | Closed | Real propertythe Property | —1 of 5 sales · 4 closed | ••• | Avison Young | 25 Apr 2018 |
| 2203284 Ontario Inc. (The Connolly- 98 James St. S., Hamilton)Ontario | Approvedper the transactions | Real propertythe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Hue Developments & Investments Canada Inc. | — | — | 16 May 2018 |
| 2481043 Ontario IncOntario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Don Mills Storage Inc. | — | — | 24 May 2018 |
| Dunsire (Landsdown) Inc. O/A White Cedar EstatesOntario | Approval pending | Real propertythe Debtor's right, title and interest in and to the assets described in the Sale Agreement | Aquicorp Inc. | Sealed | — | 25 May 2018 |
| PressureWorx Inc.Alberta | Closedper the transactions | Asset saleunstated | Smoke'N Vac Services Ltd. | Sealed | — | 26 Jun 2018 |
| Skymark Properties 1 CorporationOntario | Approved | Real propertythe Real Property, and the remaining assets and undertaking of the Debtor acquired for or used in relation to the Real Property | — | Sealed | — | 27 Jun 2018 |
| Bluberi Group Inc. et alQuebec | Closed | Asset salethe assets and rights pursuant to and identified in the Agreement (the "Redemption Assets") | Primero Games LLC1 of 5 sales · 5 closed | ••• | Ernst & Young Orenda Corporate Finance Inc. | 29 Jun 2018 |
| HB Solar Canada Inc.Ontario | Approval pending | Asset salethe right, title and interest of the Debtor in and to the Purchased Assets described in the APS | Craig Chornaby1 of 2 sales | — | Dodick Landau Inc. | 13 Aug 2018 |
| Fairview Nursing Home LimitedOntario | Closed | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Schlegel Villages Inc. | Sealed | unnamed real estate broker | 10 Sep 2018 |
| Algoma Residential Co-Operative Inc.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement | Algoma District Services Administration Board | — | — | 20 Sep 2018 |
| Western Concord ManufacturingBritish Columbia | Closed | Asset salesubstantially all of its assets | Mercury Plastics of Canada Inc. | — | Ernst & Young Orenda Corporate Finance (Canada) Inc. | 3 Oct 2018 |
| Anderson Merchandisers-Canada, Inc.Ontario | Liquidating | Auctionthe Vehicles | —1 of 6 sales · 1 closed | — | — | 5 Oct 2018 |
| Fortress Brookdale Inc.Ontario | Approved | Real propertythe right, title and interest in and to the assets described in the Sale Agreement | Empire (Water Wave) Inc. | — | — | 18 Oct 2018 |
| Transport Medicar Inc.Quebec | Closed | Asset saleles Actifs (à l'exclusion du lot 11) | Maynards Industries Ltd.1 of 4 sales · 1 closed | ••• | Services F.L. | 25 Oct 2018 |
| Nine West Canada LP – Jones Canada, IncOntario | Closed | Asset salethe Nine West and associated brands (the 'International IP') and certain working capital assets | Authentic Brands Group LLC1 of 2 sales · 2 closed | — | SB360 Capital Partners LLC+4 more | 16 Nov 2018 |
| Scollard Development CorporationOntario | Approved | Asset salethe property described as the "Purchased Assets" in the Sale Agreement | 169 Borden Inc.1 of 6 sales · 1 closed | Sealed | TD+3 more | 26 Nov 2018 |
| Luxury and Sports Cars (2236715 Ontario Limited)Ontario | Approvedper the transactions | Auctionthe Vehicles as detailed at Schedule "A" | — | — | Northern Auto Auctions of Canada Inc. o/a North Toronto Auction | 4 Dec 2018 |
| Boss Logo Print & Graphics Inc.Ontario | Approved | Asset salethe assets described in the Sales Agreement (the "Purchased Assets") | — | Sealed | MNP Ltd. | 6 Dec 2018 |
| Mt. Cross Pharmacy (1970636 Ontario Ltd.)Ontario | Approved | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 2654356 Ontario Inc., doing business as Joice Pharmacy and Medical Clinic | Sealed | — | 11 Dec 2018 |
| 2301132 Ontario Inc. and 2309840 Ontario Inc.Ontario | Approved | Real propertyReal Property | E. Manson Investments Limited1 of 3 sales | ••• | Colliers Macauley Nicolls Inc.+1 more | 14 Dec 2018 |
| Fluid Brands IncOntario | Liquidating | Asset salethe furniture, fixtures and equipment (‘FF&E’) located at 23 of the Bombay / Bowring retail locations as well as the Fluid Entities’ head office and distribution centre | 2668602 Ontario Inc.1 of 3 sales · 3 closed | — | Merchant Retail Solutions, ULC and Gordon Brothers Canada, ULC | 17 Dec 2018 |
| AutoCanada v. Mirbach - Receiver of Disputed VehiclesAlberta | Process approved | Asset salethe 2013 Ford Edge VIN 2FMDK3J91DBA98773 (the "Vehicle") | Ms. Old Crow and Mr. Prairie Chicken1 of 2 sales | ••• | ADESA Edmonton | 18 Dec 2018 |
| Pajari Instruments Ltd.Ontario | Approved | Real propertythe Debtor's right, title and interest in and to the real property municipally known as 4152 Carlyon Line, R.R. #4, Orillia, Ontario | Stephen Rupke and Brian Rupke | — | — | 7 Jan 2019 |
| Greencore Composites Inc.Ontario | Approvedper the transactions | Asset salethe right, title and interest of the Debtor in and to the Purchased Assets described in the APS | Domtar Inc. | — | — | 29 Jan 2019 |
| RCR International Inc and WJ Dennis & CompanyQuebec | Closed | Asset saleassets of the flooring and seasonal division | Lanart Rug Inc.1 of 4 sales · 3 closed | ••• | Lincoln International LLC | 7 Feb 2019 |
| WG Vineyard Niagara Inc and WG Domaine Niagara IncOntario | Approval pending | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Jenkins Vineyards Niagara Inc.1 of 3 sales · 1 closed | — | Remax+1 more | 14 Feb 2019 |
| Lands and Premises and License of the Waterfront at Arrow LakesBritish Columbia | Liquidating | Real propertyStrata lot 38 | Danny Peter McLean / Sharel Margaret Wallace1 of 2 sales | — | RE/MAX Home Advantage+1 more | 15 Feb 2019 |
What a process looks likeBenchmarks
Measured across the recordThe funnel, median
77 → 16 → 3
parties solicited → NDAs signed → bids received, over 409 processes that stated all three
Approval to closing
15 days
median, over 316 transactions that state both dates
Did not complete
9%
247 of 2,868 transactions ended without a sale
Price disclosed
21%
24% sealed by order; the rest simply never stated
Who runs these salesWho runs them
Named in the filings- Colliers48
- CBRE Limited40
- McDougall Auctioneers Ltd.28
- Avison Young26
- Ernst & Young Inc.22
- Deloitte Restructuring Inc.20
- FTI Consulting Canada Inc.18
- Ritchie Bros. Auctioneers17
- MNP Ltd.16
- Ernst & Young Orenda Corporate Finance Inc.15
- Grant Thornton Limited15
- Cushman & Wakefield14
Mandates in matters still open, counted once per sale however many filings name the firm. 514 advisors appear in the record; these are the 12 with the most.