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.
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)
| Case | Stage | What is selling | Purchaser | Price | Advisor | Last activity ▲ |
|---|---|---|---|---|---|---|
| SemCanada GroupAlberta | Process approved | Asset saleall right, title and interest of 138 in and to the Assets (including personal property, the office lease, the assumed contracts, customer lists, books and records and, the good will of the Business and the trade name "France Financial") | 1374928 Alberta Ltd. and 1038874 Alberta Ltd. | — | BMO Nesbitt Burns Inc. | 22 Oct 2008 |
| 3762904 Canada Inc.Quebec | Process approved | — | — | — | — | 14 Jun 2012 |
| 1791979 Ontario Inc.Ontario | Process approved | — | — | — | — | 29 Nov 2012 |
| Stone Mountain Resources LtdAlberta | Process approved | Asset salethe Tenaka Property | CNRL1 of 2 sales | Sealed | — | 30 Nov 2012 |
| Pictou Lodge Resort (4374339 Canada Inc.)Nova Scotia | Process approved | — | — | — | Grant Thornton Limited | 12 Mar 2013 |
| Equipement d'incendie Levasseur incQuebec | Process approved | — | — | — | — | 17 Jun 2014 |
| Banro CorporationOntario | Process approved | — | — | — | FTI Capital Advisors - Canada ULC+1 more | 29 Jan 2018 |
| Comptoir des Indes inc.Quebec | Process approved | — | — | — | KPMG Inc. | 16 Mar 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 | $15.3K | ADESA Edmonton | 18 Dec 2018 |
| 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 |
| 189 Dundas Street West Inc.Ontario | Process approved | Real propertythe Property | Plazacorp | Sealed | Colliers | 30 Jul 2019 |
| Eagle Travel PlazaOntario | Process approved | — | — | — | BDO Canada Limited | 16 Dec 2019 |
| Trakopolis SaaS Corporation, Trakopolis IoT CorporationAlberta | Process approved | Asset salethe Purchased Assets | 1234600 B.C. Ltd. | Sealed | Canaccord Genuity Corp. | 7 Feb 2020 |
| Diam Danforth Property Inc.Ontario | Process approved | — | — | — | Lennard Commercial Realty, Brokerage | 22 May 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 |
| The Midas Investment CorporationOntario | Process approved | Real propertythe sale of the Eastern Avenue Property | 1445990 Ontario Limited | Sealed | — | 5 Aug 2021 |
| Health Myself Innovations Inc.Quebec | Process approved | — | — | — | — | 27 Oct 2021 |
| AP1 Inc.Ontario | Process approved | — | — | — | HPI Advisory Inc. | 23 Nov 2021 |
| Quinsam Coal CorporationBritish Columbia | Process approved | Asset salethe Settlement Agreement, as attached as Appendix "A" to the Supplemental Report | — | — | — | 1 Dec 2021 |
| Mill Street Ventures GP Ltd.Ontario | Process approved | — | — | — | — | 28 Apr 2022 |
| Leading Edge Geomatics IncQuebec | Process approved | — | — | — | — | 13 May 2022 |
| Vertex Downhole Ltd.Alberta | Process approved | Asset saleall rights and obligations of the Receiver and Vertex Downhole Ltd. ('Vertex') arising or accruing from and after the Closing Date ... under the agreements listed at Schedule 'A' hereto (the 'Assigned Agreements') | 2435819 Alberta Ltd. | Sealed | MNP Ltd. | 21 Jul 2022 |
| Elcano Exploration Inc., Elcano Exploration Ltd. & Elcano Energy PartnershipAlberta | Process approved | Asset salethe sale of the Manitoba Assets ... and all agreements related to and necessary for the operation of the Manitoba Assets | 10101906 Manitoba Ltd.1 of 3 sales · 2 closed | $5M | ARCO Capital Partners Inc. | 5 Oct 2022 |
| Kanwal INC. AND 9058-0150 QUEBEC IncQuebec | Process approved | Asset salela quasi-totalité des actifs de Kanwal | Ekip Innovations Inc. | Sealed | — | 20 Oct 2022 |
| Westoak Naturals Inc.Ontario | Process approved | Asset salePurchased Assets (as defined in the Stalking Horse Agreement) | Avena Foods Limited | — | — | 15 Nov 2022 |
| Manoir Du Lac – Eldercare in McLennan, ABAlberta | Process approved | — | — | — | Ernst & Young Orenda Corporate Finance Inc. | 17 Jan 2023 |
| Digitcom Telecommunications Inc.Alberta | Process approved | Asset salethe Purchased Assets (as defined in the Sale Agreement) | Comwave Telecom (2009) Inc. | Sealed | — | 27 Feb 2023 |
| FlexITy Solutions Inc. and FlexITy Holdings Inc.Ontario | Process approved | Asset salecertain property as set out therein (as defined under the Stalking Horse Agreement) (the ' Property ') | BHG-BC Holdings Ltd.1 of 2 sales · 1 closed | $11.1M | B. Riley Farber Inc. | 18 Apr 2023 |
| Index Group et alOntario | Process approved | Real property421 Property | Muhammad Saleem | $550K | MNP Ltd. | 5 Jun 2023 |
| Pathway Health Corp. and Pathway Health Services Corp.Alberta | Process approved | Asset salethe property and undertaking described and conveyed in the Stalking Horse APA (the ' Purchased Assets ') | Avonlea-Drewry Holdings Inc. | $1.25M | — | 2 Oct 2023 |
| Aereus Technologies Inc.Ontario | Process approved | Asset saleall of the Company's right, title and interest in and to the assets described in the APA | 1000608245 Ontario Inc. | — | — | 6 Oct 2023 |
| 1871 Berkeley Events Inc. et al.Ontario | Process approved | — | — | — | Colliers | 16 Jan 2024 |
| James Gault Holdings Inc. and 1606077 Ontario Inc.Ontario | Process approved | — | — | — | Colliers+1 more | 16 Jan 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. | $2.55M | B. Riley Farber Inc. | 21 Feb 2024 |
| 2495065 Ontario Inc.Ontario | Process approved | — | — | — | Scotiabank+4 more | 8 Mar 2024 |
| 11282751 Canada Inc. et al. (170 Burton)Ontario | Process approved | — | — | — | — | 15 Mar 2024 |
| Hempsana Inc.Ontario | Process approved | — | — | — | B. Riley Farber Inc. | 9 Apr 2024 |
| Maxx Properties (323) Ltd.Ontario | Process approved | Real propertythe Real Property | Amar Jwedah (company to be incorporated) | — | Avison Young | 3 Jun 2024 |
| Exponential GroupOntario | Process approved | Share saleall of the Master Fund's 3iQ common shares | 3iQ | $4.56M | — | 4 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 |
| Sunrise Acquisition (Elmvale ) Inc.Ontario | Process approved | Asset salethe Properties | — | — | CBRE Limited | 15 Aug 2024 |
| Clearfit Inc.Ontario | Process approved | Asset salethe Debtor's right, title and interest in and to the assets described in the APA (the ' Purchased Assets ') | David Kassie | $50K USD | Baigel Corp. | 7 Oct 2024 |
| Indian Head Consumers Co-operative Society Ltd.Newfoundland and Labrador | Process approved | Asset salethe Business and/or the Assets of the Company | —1 of 3 sales | $400K | Grant Thornton Limited | 30 Oct 2024 |
| MedXLQuebec | Process approved | —les Actifs achetés | 9528-0475 Québec Inc.1 of 2 sales · 2 closed | — | FTI Consulting Canada Inc.+1 more | 25 Nov 2024 |
| 14113268 Canada Inc AVP GreenhousesOntario | Process approved | — | — | — | — | 30 Jan 2025 |
| Elite Real Estate Club of Toronto and 2613702 Ontario Inc. (ats Serrichi et al.)Ontario | Process approved | — | — | — | Intercity Realty Inc., Brokerage | 1 Apr 2025 |
| 1000000152 Ontario Inc., 2661656 Ontario Inc., 2485238 Ontario Inc. and 1000098231 Ontario Inc., operating under the business name Picture Perfect Marine RentalsOntario | Process approved | — | — | — | Royal LePage RCR Realty | 5 May 2025 |
| Kaiser Weber PropertiesBritish Columbia | Process approved | — | — | — | — | 29 May 2025 |
| Les terrains du futur inc.Quebec | Process approved | — | — | — | — | 2 Jun 2025 |
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.