Sale processes across Canada
967 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 — 967 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 (128)Approved (367)Back-up bid (1)Liquidating (35)Closed (232)Did not complete (15)No acceptable bid (13)Terminated (3)Stage not stated (41)
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 ▲ |
|---|---|---|---|---|---|---|
| Genetic Properties Inc.Ontario | Approval pending | Real propertythe Verbena Property | KI Equity Corp.1 of 2 sales | — | Cushman & Wakefield | 23 Jan 2024 |
| Bad Boy Furniture Warehouse LimitedOntario | No acceptable bid | — | — | — | Infinity Asset Solutions Inc. | 12 Feb 2024 |
| The Good Fat Co. Ltd.Ontario | Closed | Asset salesubstantially all the Company's assets | 100747000 Ontario Inc.1 of 2 sales · 2 closed | — | RBC Capital Markets | 20 Feb 2024 |
| Optima Medical Innovations Corp. and Toronto Poly Clinic Inc.Ontario | Process approved | Asset saleall of the Respondents' right, title and interest in and to the assets described in the APA (the "Purchased Assets") | Canbwell Inc. | ••• | B. Riley Farber Inc. | 21 Feb 2024 |
| TrevaliBritish Columbia | No acceptable bid | Assets and sharesall of the issued and outstanding shares in the authorized capital of GLCR Limited (the "Purchased Shares") and the assignment to the Purchasers of all of Trevali's rights, title and interest in and to the Capital Loans | Appian Natural Resources Fund III LP and Appian Natural Resources (UST) Fund III LP1 of 4 sales · 1 closed | ••• | National Bank Financial Inc. | 22 Feb 2024 |
| Instant Brands IncOntario | Closed | Asset salethe sale of substantially all of the Chapter 11 Debtors' assets | IB Appliances US Holdings, LLC1 of 5 sales · 1 closed | — | Guggenheim Securities, LLC | 23 Feb 2024 |
| Le Dôme de West Island Inc.Quebec | Approved | Asset salethe property set forth in Schedule "A" hereto (the "Purchased Property") | 9508-6609 Quebec Inc. | ••• | — | 1 Mar 2024 |
| 2495065 Ontario Inc.Ontario | Process approved | — | — | — | Scotiabank+4 more | 8 Mar 2024 |
| Q'Max Solutions Inc.Alberta | Closedper the transactions | Auctionthe Assets (inventory and equipment of QCOI) | GD Auctions & Appraisals1 of 6 sales · 2 closed | ••• | GD Auctions & Appraisals+1 more | 11 Mar 2024 |
| 11282751 Canada Inc. et al. (170 Burton)Ontario | Process approved | — | — | — | — | 15 Mar 2024 |
| 2th, Inc.Ontario | Approved | Asset saleall of the Debtor's right, title and interest in and to the assets described in the APA (the "Purchased Assets") | Namrita Harchandani Dentistry Professional Corporation | Sealed | — | 18 Mar 2024 |
| Whyte's Foods Inc.Ontario | Closedper the transactions | Asset salethe St. Louis Facility and the Non-Trade Personal Property located thereon | 9498-8995 Québec Inc. and 9498-8938 Québec Inc.1 of 2 sales · 1 closed | Sealed | Kroll | 20 Mar 2024 |
| 608772 Alberta Ltd. Birchwood Auto BodyAlberta | Closed | Assets and sharesthe Debtor's right, title, and interest in and to the lands and equipment described in the Sale Agreement (the "Purchased Assets") | AAA Exchange Edmonton Ltd. | — | NAI Commercial Real Estate Inc. | 25 Mar 2024 |
| La Coopérative des Travailleurs/Travailleuses Premier Défi LavalQuebec | Closed | Asset salel'ensemble des actifs de la Débitrice, à l'exception de l'encaisse dans un contexte de poursuite des opérations de la Débitrice et de conservation de l'ensemble des emplois (± 80) | — | — | KPMG Inc. | 25 Mar 2024 |
| Seymour Health Centre Inc.British Columbia | Approval pending | Asset saleall of Seymour's rights, title, and interests in the Practice Agreements with each of its Providers | 1449867 B.C. Ltd.1 of 2 sales | — | — | 26 Mar 2024 |
| 1340182 Ontario Limited And Kazembe & Associates Professional CorporationOntario | Closed | Real propertythe Wilson Property | Syad Manosoor Ali Naqui1 of 2 sales · 1 closed | Sealed | Hallmark Corbo & Kelos Group Realty Ltd.+2 more | 28 Mar 2024 |
| 1000179473 Ontario Inc and 2724393 Ontario Inc.Ontario | Approvedper the transactions | Real property272 Corp's right, title and interest in and to the lands and premises located 181 Brant Road, St. George, Ontario | 15678072 Canada Inc. | Sealed | — | 2 Apr 2024 |
| Cornwall VolkswagenOntario | Approval pending | Asset salethe Debtors' right, title and interest in and to the property described as the "Purchased Assets" (excluding the Real Property) in the Sale Agreement (the "Business Assets") | Mark Motors of Ottawa (1987) Limited1 of 2 sales | Sealed | — | 3 Apr 2024 |
| Eagle Graphite CorporationBritish Columbia | Approved | Asset saleall of the right, title and interest in the assets of EG | 1420027 B.C. Ltd.1 of 4 sales · 1 closed | ••• | — | 3 Apr 2024 |
| Infarm Indoor Urban Farming Canada Inc.Alberta | Approval pending | Asset salecertain undertakings, property and assets included in the definition of 'Purchased Assets' in the Sale Agreement | InFarm Technologies Limited | — | RSM UK Restructuring Advisory LLP | 7 Apr 2024 |
| Hempsana Inc.Ontario | Process approved | — | — | — | B. Riley Farber Inc. | 9 Apr 2024 |
| BRR Logistics LimitedOntario | Approved | Asset salethe trailers, reefers, and residual material handling equipment (collectively the 'Equipment') | Platinum Asset Services Inc. | Sealed | Platinum Asset Services Inc.+1 more | 15 Apr 2024 |
| Local Leader Inc.British Columbia | Marketed | — | — | — | MNP Ltd. | 15 Apr 2024 |
| Images Life Media Inc. and 2531509 Ontario Inc.Ontario | Closed | Real propertyWalnut Property | Nikesh Rai1 of 2 sales · 1 closed | Sealed | Lennard Commercial Realty Brokerage | 16 Apr 2024 |
| Orea Mining Corp.British Columbia | Marketed | — | — | — | — | 17 Apr 2024 |
| Free Rein Resources Ltd.Alberta | Approved | Share salethe reverse vesting share transaction in respect of Free Rein Resources Ltd. | Invico Diversified Income Limited Partnership1 of 2 sales · 1 closed | ••• | FTI Consulting Canada Inc.+3 more | 26 Apr 2024 |
| Tool Shed Brewing Company Inc.Alberta | Approved | Share salethe New Common Shares (as defined in the SPA) | 2582568 Alberta Inc.1 of 3 sales · 1 closed | ••• | KPMG Inc. | 3 May 2024 |
| 1000843823 Ontario IncOntario | Closed | Share salesubstantially all of the business and assets of Fresh City through a purchase of the Purchased Shares | 1000691958 Ontario Inc. and Bennett Church Hill Capital Inc. | — | PricewaterhouseCoopers Corporate Finance Inc. | 7 May 2024 |
| 170 Willowdale Investments Corp.Ontario | Approvedper the transactions | Real propertythe Debtor's right, title and interest, if any, in and to the assets described in the Sale Agreement (the "Purchased Assets") | 170 Willowdale Ave Holdings Inc. | — | — | 15 May 2024 |
| Top Rollshutters Inc.British Columbia | Closed | Asset salesubstantially all of Talius' assets | —1 of 2 sales · 1 closed | — | — | 15 May 2024 |
| 12729121 Canada Inc. (f/k/a MaxSold Incorporated)Ontario | Closed | Asset saleall of the Vendor's right, title and interest in and to the assets described in the APA (the "Purchased Assets") | 1000822913 Ontario Inc.1 of 2 sales · 1 closed | ••• | — | 27 May 2024 |
| 2642988 Ontario Inc. ReceivershipOntario | Approvedper the transactions | Real propertythe Debtor's right title and interest in and to the Property | Argo Ghent Limited | — | — | 28 May 2024 |
| Maxx Properties (323) Ltd.Ontario | Process approved | Real propertythe Real Property | Amar Jwedah (company to be incorporated) | — | Avison Young | 3 Jun 2024 |
| Field Trip Health & Wellness Ltd. and Field Trip Health Holdings Inc., Field Trip Health Canada Inc., and Field Trip Digital Canada Inc. and Field Trip Health USA IncOntario | Closed | Asset salesubstantially all of the assets located at or connected to Field Trip's Toronto and Vancouver clinics | Canadian Centre for Psychedelic Healing Sault Ste. Marie Inc.1 of 6 sales · 4 closed | ••• | — | 5 Jun 2024 |
| Lotus Ventures Inc.British Columbia | Approvedper the transactions | Subscriptionall right, title and interest in and to the Subscribed Shares | 5008679 Ontario Limited | ••• | — | 14 Jun 2024 |
| Cutler Forest Products Inc.Ontario | Closed | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Infinity Asset Solutions Inc.1 of 2 sales · 2 closed | ••• | Infinity Asset Solutions Inc. | 20 Jun 2024 |
| First Swiss Mortgage Corp.Ontario | Approved | Real propertythe Property Owner's right, title and interest in and to the property described in the Sale Agreement (the 'Property') | Zayoun Group Inc. | ••• | Royal LePage Team Realty | 24 Jun 2024 |
| 14328710 Canada Inc. (f/k/a Go-For Industries Inc.)Ontario | Closed | Asset saleall of the Seller's right, title and interest in and to the Purchased Assets | 1000826405 Ontario Inc.1 of 2 sales · 1 closed | ••• | Onward Innovation Ltd. | 25 Jun 2024 |
| Exponential GroupOntario | Process approved | Share saleall of the Master Fund's 3iQ common shares | 3iQ | ••• | — | 4 Jul 2024 |
| Bramalea Inc.Ontario | Approved | Real propertythe Real Property | Balprit Kaur Sall1 of 4 sales | — | — | 9 Jul 2024 |
| Util Canada LimitedOntario | Closed | Asset salethe Purchased Assets (as defined in the Sale Agreement) | Barrie Welding & Machine (1974) Limited1 of 3 sales · 2 closed | ••• | Perfection Global LLC | 9 Jul 2024 |
| 1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd. AND 2544924 Ontario Inc.Ontario | Approved | Real propertythe lands and premises described in Schedule A hereto (the 'Property') | 1000918852 Ontario Inc.1 of 2 sales | — | Colliers | 12 Jul 2024 |
| Cutting Edge Precision Services ULC, Proper Windsor Holdings ULC and SGM Real Estate Holdings ULCOntario | Closed | Real propertythe Purchased Assets (other than the Real Property) | 3305 Deziel Inc. and Arlen Tool Co. Ltd.1 of 2 sales · 2 closed | ••• | Riveron | 17 Jul 2024 |
| SanitasAlberta | Approvedper the transactions | Asset salethe assets described in the APA (the 'Purchased Assets') | H.R. Herchen Professional Corporation | Sealed | — | 23 Jul 2024 |
| Niagara Falls Craft Distillers Ltd.Ontario | Process approved | — | — | — | — | 30 Jul 2024 |
| Staffy Canada Inc.Ontario | Process approved | — | — | — | B. Riley Farber Inc. | 1 Aug 2024 |
| The Kami Mine Limited Partnership, Kami General Partner Limited and Alderon Iron Ore Corp.Newfoundland and Labrador | Approved | — | — | — | — | 1 Aug 2024 |
| Nascent (Tisdale) Inc.Ontario | Terminated | Real propertythe Property | DIG1 of 2 sales | Sealed | — | 2 Aug 2024 |
| Northwood Carpet & Tile Company Ltd.Ontario | Approval pending | —the Share Transactions | —1 of 2 sales · 1 closed | — | — | 6 Aug 2024 |
| Trans Emerge Transport Inc.Ontario | Approved | Auctionthe Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction | — | — | Ritchie Bros. Auctioneers | 12 Aug 2024 |
What a process looks likeBenchmarks
Measured across the recordThe funnel, median
77 → 16 → 3
parties solicited → NDAs signed → bids received, over 410 processes that stated all three
Approval to closing
15 days
median, over 316 transactions that state both dates
Did not complete
9%
247 of 2,875 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 Young27
- Ernst & Young Inc.22
- Deloitte Restructuring Inc.20
- FTI Consulting Canada Inc.18
- Grant Thornton Limited17
- Ritchie Bros. Auctioneers17
- MNP Ltd.16
- Ernst & Young Orenda Corporate Finance Inc.15
- 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.