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 ▲ |
|---|---|---|---|---|---|---|
| 6951864 Canada LimitedOntario | Approval pending | Asset salethe transaction contemplated by the Stalking Horse APA | Seattle Atlantic Inc.1 of 2 sales | ••• | A. Farber & Partners Inc. | 21 Mar 2019 |
| 730 Holdings inc et al.Ontario | Closed | Real propertythe Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 2643868 Ontario Inc.1 of 4 sales · 2 closed | Sealed | — | 10 Apr 2019 |
| Synergy Stamping Inc. and 1696306 Ontario Inc.Ontario | Process approved | Asset salethe Purchased Assets | Infinity Asset Solutions Inc.1 of 2 sales | Sealed | Albert Gelman Inc. | 29 Apr 2019 |
| Sound City Music Entertainment Inc. (o/a RPM Distribution)Ontario | Approvedper the transactions | Asset saleall of the Company's right, title and interest in and to the Labels' Supplied Inventory | Universal Music Canada Inc., Sony Music Entertainment Canada Inc., Warner Music Canada Co. | — | — | 22 May 2019 |
| Donaldson & James Ltd. and The Agency Employment Services Ltd.Ontario | Approval pending | Asset salethe Purchased Assets | FundThrough Inc. | Sealed | A. Farber & Partners Inc. | 30 May 2019 |
| Gestion Maison Éthier Inc.& Gestion Immobilière Maison Éthier Inc.Quebec | Approved | Real propertyles Immeubles | Messier, Savard et Associés inc.1 of 2 sales · 1 closed | ••• | Tiger Valuation Services, LLC+1 more | 3 Jun 2019 |
| Satin Finish Hardwood Flooring, LimitedOntario | Approved | Asset saleSatin Finish's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') | 2340125 Ontario Inc. | — | — | 7 Jun 2019 |
| Satin Finish Hardwood Flooring, LimitedOntario | Approved | Asset salethe Purchased Assets described in the Sale Agreement | 2340125 Ontario Inc. | — | — | 17 Jun 2019 |
| Gander Automated Car WashNewfoundland and Labrador | Marketed | — | — | — | BDO Canada Limited | 24 Jun 2019 |
| K.M.B. Holdings LTD & East End Aggregate LTD | Marketed | — | — | — | MNP Ltd. | 17 Jul 2019 |
| 2380630 Ontario Inc. and 2386174 Ontario IncorporatedOntario | Approved | Asset salethe Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Sharmila Mahalingasivam1 of 4 sales | Sealed | Ball Real Estate Inc. Brokerage and World Class Realty Point Brokerage | 19 Jul 2019 |
| Western Rocky Mountain Industries Ltd. & 0951980 B.C. Ltd.British Columbia | Approval pending | Real propertythe Property located at 805A Highway 3 in Grand Forks, British Columbia | Lime Creek Logging Ltd. | ••• | Able Auctions | 24 Jul 2019 |
| 189 Dundas Street West Inc.Ontario | Process approved | Real propertythe Property | Plazacorp | Sealed | Colliers | 30 Jul 2019 |
| Commercial Print-Craft, LimitedOntario | Approved | Auctionall of its assets, including, but not limited to, those assets listed in Schedule A hereto (the "Assets")... and all of its inventory (the "Inventory") | — | — | 584919 Ontario Limited cob as Syl-Mar Management | 2 Aug 2019 |
| Devlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings LtdAlberta | Closed | AuctionDevlin's capital assets/equipment (tandem trucks, trailers, loaders, skidsteers, excavators, graders, dozers, drum rollers, plate tampers, snow throwers) sold by auction | Maynards Industries Canada Ltd1 of 2 sales · 2 closed | ••• | Maynards Industries Canada Ltd+1 more | 30 Aug 2019 |
| FT EnE Canada Inc.Ontario | Approved | Asset salethe Purchased Assets | 1411334 Ontario Inc.1 of 2 sales | — | Colliers | 18 Sep 2019 |
| Crossline Auto GroupAlberta | Approval pending | Asset salethe Vehicle Inventory | Maynards1 of 2 sales · 1 closed | ••• | Maynards+2 more | 23 Sep 2019 |
| Jack Cooper Canada GroupOntario | Approved | Asset salethe Acquired Assets that are situated in Canada (including for greater certainty Assumed Contracts to which Jack Cooper Transport Canada Inc., Jack Cooper Canada GP 1 Inc., Jack Cooper Canada GP 2 Inc., Jack Cooper Canada 1 Limited Partnership or Jack Cooper Canada 2 Limited Partnership ... are parties) (the ' Canadian Acquired Assets ') | JC Buyer Company, Inc.1 of 2 sales | ••• | Houlihan Lokey, Inc. | 18 Oct 2019 |
| Mometal Structure Inc.Quebec | Approved | Asset salel'ensemble des lots sauf les lots 9 (comptes clients, retenues et réclamations) et 10 (actifs intangibles) | —1 of 2 sales | Sealed | — | 24 Oct 2019 |
| Textbook (445 Princess Street) Inc.Ontario | Closed | Real propertyhis cottage | —1 of 5 sales · 3 closed | ••• | JLL | 1 Nov 2019 |
| SM GroupQuebec | Approval pending | Asset salesubstantially all of the assets of the Vendors with the exception of certain excluded Assets | 11017870 Canada Inc. (now known as FNX-INNOV Inc.), Thornhill G.P. and 11054953 Canada Inc.1 of 6 sales · 3 closed | Sealed | — | 11 Nov 2019 |
| 6396763 Canada Inc. o/a The Installation GroupOntario | Approvedper the transactions | Asset saleall the Debtor's and TWA's right, title and interest ... in and to the property described as the "Purchased Assets" in the Sale Agreement | 2722703 Ontario Inc. | — | — | 12 Nov 2019 |
| Distinct Infrastructure Group Inc. et alOntario | Liquidating | Asset saleExcluded Assets (as defined in the APA) | Crown Pipeline Ltd.1 of 6 sales · 3 closed | ••• | Maynards Industries Canada Appraisals Ltd.+1 more | 28 Nov 2019 |
| Petrowest Corporation et alAlberta | Closed | AuctionIron Property | Hilco-Lyon-Bowling JV1 of 13 sales · 7 closed | ••• | Ernst & Young Inc.+5 more | 9 Dec 2019 |
| Eagle Travel PlazaOntario | Process approved | — | — | — | BDO Canada Limited | 16 Dec 2019 |
| Eastern Infrastructure Inc and Allcrete Restoration LimitedNova Scotia | Approval pending | Auctionthe Debtor's Alberta Assets | Mirterra Industrial Appraisers & Auctioneers1 of 6 sales · 1 closed | ••• | Mirterra Industrial Appraisers & Auctioneers | 19 Dec 2019 |
| Bella Senior Care Residences Inc.Ontario | Closed | Asset salethe assets, property and undertakings of Bella | 2622102 Ontario Inc | Sealed | Grant Thornton Corporate Finance Inc. | 10 Jan 2020 |
| Trakopolis SaaS Corporation, Trakopolis IoT CorporationAlberta | Process approved | Asset salethe Purchased Assets | 1234600 B.C. Ltd. | Sealed | Canaccord Genuity Corp. | 7 Feb 2020 |
| AAA Windows Ltd. and AAA Holdings Ltd.Alberta | Closed | Real propertythe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 2214308 Alberta Inc.1 of 3 sales · 2 closed | Sealed | — | 14 Feb 2020 |
| Jaeger Electric Inc., 849751 ALBERTA LTD., Haza Rentals Inc.Alberta | Closed | Auctionthe Equipment | —1 of 2 sales · 1 closed | ••• | Century Services Inc. | 18 Feb 2020 |
| Waves e-gaming Inc.Ontario | Approvedper the transactions | Asset salethe Purchased Assets described in the APS | Amuka Ventures Inc. | — | Dodick Landau Inc. | 21 Feb 2020 |
| Virk Hospitality Corp.Ontario | Closed | —the Virk Property | —1 of 2 sales · 1 closed | — | CBRE Limited, Real Estate Brokerage+1 more | 26 Feb 2020 |
| Machine Works Industrial Inc.Alberta | Closed | Asset salethe Transferred Assets, as described in the Sale Agreement (the "Purchased Assets") | Century Services Corp. | ••• | — | 2 Mar 2020 |
| TamTan Inc and 1308963 Ontario LtdOntario | Approvedper the transactions | Real propertythe Real Property Debtor's right, title and interest in and to the assets described in the Sale Agreement, including, without limitation, the real property described in Schedule "A" hereto | Forest Ridge Inc. | — | — | 13 Mar 2020 |
| OAN Resources Ltd.Alberta | Approval pending | Asset saleall of the interest of the Vendor in and to the Assets | Crimson Energy Ltd. | ••• | Sayer Energy Advisors+1 more | 16 Mar 2020 |
| Paramount Equity Financial Corporation et al.Ontario | Approval pending | Real propertythe assets described in the Sale Agreement (the "Purchased Assets") | Vitmont Holdings (Barrie) Inc.1 of 13 sales · 2 closed | Sealed | Primecorp Commercial Realty Brokerage+2 more | 18 Mar 2020 |
| Bondfield Construction Company LimitedOntario | Approvedper the transactions | Asset saleBCCL's rights, interests and obligations under the Transferred Contracts | Corebuild Construction Ltd. | Sealed | Perini Management Services Inc. | 27 Mar 2020 |
| Toonbox Entertainment Ltd., The Nut Job 2 Productions Inc. and The Nut Job 3 Productions Inc.Ontario | Approval pending | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Redrover Co. Ltd. | — | — | 28 Apr 2020 |
| DionyMedBritish Columbia | Closed | Asset salethe Purchased Assets | Eaze Technologies, Inc. | Sealed | — | 29 Apr 2020 |
| Betz Cut Stone Ltd.Ontario | Approvedper the transactions | Auctionthe assets described in the Sale Agreement (the "Purchased Assets") | Richie Bros. Auctioneers (Canada) Ltd. | — | — | 13 May 2020 |
| Diam Danforth Property Inc.Ontario | Process approved | — | — | — | Lennard Commercial Realty, Brokerage | 22 May 2020 |
| Bouclair Inc. and Bouclair International Inc.Quebec | Approved | Asset salethe assets described in Schedule 2.1 of the Purchase Agreement (the "Purchased Assets") | Alston Investments Inc.1 of 3 sales · 1 closed | Sealed | Ernst & Young Orenda Corporate Finance Inc.+1 more | 31 May 2020 |
| Metro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)Ontario | Closed | Asset saleall of Metro 360's right, title and interest in and to the Assets | Great Pacific Enterprises Inc. dba TNG | ••• | — | 10 Jun 2020 |
| 2541900 Ontario Inc.Ontario | Approved | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 2437859 Ontario Inc. | — | — | 17 Jun 2020 |
| Ferrex Engineering LtdOntario | Process approved | Asset saleall of the Company's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') | MSC Manufacturing Solutions Corp. | — | MNP Ltd. | 17 Jun 2020 |
| Air Georgian LimitedOntario | Closed | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement | 2746904 Ontario Inc. | — | KPMG Inc. | 19 Jun 2020 |
| Foodora Inc.Ontario | Approvedper the transactions | Asset saleFoodora's right, title and interest in and to the assets as defined in the APA (the "Purchased Assets") | Facedrive Inc. | — | — | 8 Jul 2020 |
| Educator Supplies Limited o/a Scholar's ChoiceOntario | Approved | Auctionthe Merchandise and FF&E | — | — | Tiger Asset Solutions Canada, ULC | 15 Jul 2020 |
| TIER 1 MORTGAGESOntario | Approved | Real propertythe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Humber River Medical Centre Inc.1 of 13 sales | Sealed | Wynn Realty Corporation+1 more | 17 Jul 2020 |
| Cranbrook Glen Enterprises Limited operating as Henry'sOntario | Approval pending | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Henry's Enterprises Inc. | Sealed | Grant Thornton Limited | 20 Jul 2020 |
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.