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 ▲ |
|---|---|---|---|---|---|---|
| TBA Beverage Inc.British Columbia | Approved | Asset salethe assets described in the Sale Contract (the "Assets") | Mod Beverage Inc. | ••• | The Bowra Group Inc. | 7 Aug 2020 |
| 9265988 Canada Corp.Ontario | Approved | Real propertythe Respondent's right, title and interest in and to the Purchased Assets | 12252856 Canada Inc.1 of 2 sales | Sealed | CBRE Limited | 11 Aug 2020 |
| Tartan Completion Systems Inc.Alberta | Approved | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Tartan Energy Group International | Sealed | — | 11 Aug 2020 |
| TLC Vision (Canada) Corp.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the Purchased Assets | VGC Group LP | — | — | 14 Aug 2020 |
| 54 Shepherd Road Inc. and 60 Shepherd Road 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") | Jacques Emond, Chairperson of the Investor Representatives, for and on behalf of an Ontario company or other legal entity to be incorporated or formed by or on behalf of the Syndicated Investors | — | — | 17 Aug 2020 |
| 3717291 Canada Inc. (Bo-bébé)Quebec | Approvedper the transactions | Asset salethe Purchased Assets | Mark Srour | Sealed | — | 20 Aug 2020 |
| Mendocino Clothing Company Ltd.Ontario | Approval pending | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Shop MBoutique Ecomm Ltd.1 of 2 sales | ••• | KSV Kofman Inc. | 25 Sep 2020 |
| 1875329 Alberta Ltd. The Compete Masonry Ltd., 1875329 Alberta Ltd. and Beatty Rentals Ltd.Alberta | Approval pending | Real propertyUnit 6 | 707308 Alberta Ltd.1 of 2 sales | Sealed | Ritchie Bros.+1 more | 13 Oct 2020 |
| Lakelse Air Ltd., Lakelse Helicopters Limited Partnership, 1167537 B.C. Ltd. Lakelse AirBritish Columbia | Approvedper the transactions | Asset salethe Respondents' and the Receiver's right, title and interest in and to the Aircraft as defined in the Purchase Agreement | Airwork Heli Services (Canada) Limited1 of 3 sales | — | — | 23 Oct 2020 |
| Nemaska Lithium Inc., Nemaska Lithium Shawinigan Transformation Inc., Nemaska Lithium P1P Inc., Nemaska Lithium Whabouchi Mine Inc. and Nemaska Lithium Innovation IncQuebec | Approved | Share salethe sale of shares held in Monarch Gold Corporation | —1 of 8 sales · 2 closed | ••• | Clarksons Platou Securities AS+3 more | 13 Nov 2020 |
| Stellar One Holdings LtdAlberta | Bid selected | Asset salethe Pilatus | Anatino | Sealed | RGM Aviation Ltd. | 18 Nov 2020 |
| S. Cohen Inc.Quebec | Approval pending | Asset saleAll inventory, goods, wares and merchandise wherever situated in Canada and owned by the Debtor as at the closing of the proposed transaction (the ' Inventory '); and ... all furniture, racking, fixtures, equipment and all other corporeal/tangible property owned by and located at the Debtor 's place of business (the ' Equipment ') | Continental Capital Investments Inc. | ••• | PricewaterhouseCoopers Inc. | 24 Nov 2020 |
| Welland Forge Corp.Ontario | Approved | Asset salecertain assets by Welland to IMT Partnership ... and vesting in the Purchaser all of Welland's right, title and interest in and to the assets described in the bill of sale ("Purchased Assets") | IMT Partnership1 of 2 sales | ••• | KPMG Corporate Finance Inc.+1 more | 25 Nov 2020 |
| 2373687 Ontario Inc.Ontario | Approved | Real propertythe assets and real property described in the APA (the 'Purchased Assets') | Mariposa Woods Inc. | — | — | 9 Dec 2020 |
| Custom Co-Ex Technologies Inc. – Court-appointed ReceivershipOntario | Approvedper the transactions | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | PackRite Solutions Corp. | — | — | 16 Dec 2020 |
| 83 Lyndhurst AvenueOntario | Approved | Real propertythe right, title and interest in and to the Property | Patricia Armstrong and David Armstrong | — | — | 8 Jan 2021 |
| Sunniva Inc., Sunniva Medical Inc., 11111035 Canada Inc. and 1167025 B.C. LtdBritish Columbia | Approved | Asset saleresidual assets located at the OK Falls Property | —1 of 2 sales · 1 closed | ••• | Maynards Industries Canada Ltd.+1 more | 9 Feb 2021 |
| Universal Helicopters Universal HelicoptersNewfoundland and Labrador | Approvedper the transactions | Asset salecertain assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., 81924 Newfoundland and Labrador Inc., and Universal Helicopters Holdings LP | —1 of 11 sales | — | — | 16 Feb 2021 |
| BrightstarOntario | Approved | Real propertyUnit 101, 21 Brookhouse Drive, Newcastle, Ontario and legally described in Schedule 'A' hereto (collectively, the 'Purchased Assets') | Roger and Jill Fayle | — | — | 21 Apr 2021 |
| Newsco International Energy Services Inc.Alberta | Approved | Asset salea sale of substantially all of its assets utilized in North America | Sawafi Newsco USA, LLC | ••• | GB Appraisal Canada, ULC | 11 May 2021 |
| Neucel Specialty Cellulose LtdBritish Columbia | Approval pending | Real propertythe Condo | Sharon Emily Spiteri | ••• | — | 13 May 2021 |
| 1001 BroadviewOntario | Approved | Real propertythe Property municipally known as 995-1001, 1003 & 1005 Broadview Avenue, Toronto, Ontario and 2 & 4 Mortimer Avenue, Toronto, Ontario | 102568 P.E.I Inc.1 of 3 sales | Sealed | Avison Young+1 more | 14 May 2021 |
| Unique Restoration Ltd.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") | 1572482 Ontario Inc. | — | — | 14 May 2021 |
| 863704 Ontario Inc., Metropolitan Ice Cream Inc., Oraccuz Holding Ltd. and Frank ZuccaroOntario | Approvedper the transactions | Asset salethe Applicant Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Ashiana Capital Corp. | — | — | 9 Jun 2021 |
| 33 Laird GroupOntario | Approved | Asset salethe Debtor's right, title and interest in and to the assets purchased described as such in the Sale Agreement (the ' Purchased Assets ') | 33 Laird Development Inc.1 of 4 sales | Sealed | JLL+3 more | 15 Jun 2021 |
| The Midas Investment CorporationOntario | Process approved | Real propertythe sale of the Eastern Avenue Property | 1445990 Ontario Limited | Sealed | — | 5 Aug 2021 |
| 10268054 Canada Corp.Ontario | Approvedper the transactions | Asset sale102co's (the 'Debtor') right, title, benefit and interest in the assets described in the Sale Agreement (the 'Purchased Assets') | 12931109 Canada Inc. | — | BDO Canada Limited | 7 Sep 2021 |
| Vivian Group Inc., 1610830 Alberta Ltd., and Solis Foods Corporation Inc.Ontario | Liquidating | Real propertythe Real Property | AliGroup Properties Inc.1 of 2 sales | Sealed | Ernst & Young Inc. | 17 Sep 2021 |
| Reid Investments Ltd. et al.Alberta | Approval pending | Real propertyDeerfoot Professional Building | KV Capital Inc.1 of 27 sales · 1 closed | ••• | CBRE Limited+5 more | 20 Sep 2021 |
| Guo Law CorporationBritish Columbia | Approved | Real propertythe sale of the lands and premises legally described as ... (collectively, the "Kessler Lands") | Sean Kessler | — | Lane Realty Corp. | 7 Oct 2021 |
| The Rehill Company LimitedOntario | Approvedper the transactions | Real propertyall of Rehill's right, title and interest in and to the real property known municipally as 921 High Street, Peterborough, Ontario | Access Self Storage Inc. | — | — | 8 Oct 2021 |
| Health Myself Innovations Inc.Quebec | Process approved | — | — | — | — | 27 Oct 2021 |
| Censorio GroupBritish Columbia | Approved | Real propertyall unsold residential and commercial units | Synvest Equities Ltd.1 of 36 sales | ••• | Oakwyn Realty+2 more | 20 Nov 2021 |
| AP1 Inc.Ontario | Process approved | — | — | — | HPI Advisory Inc. | 23 Nov 2021 |
| Hydrx Farms Ltd.Ontario | Bid selected | Share saleall of the right, title and interest in and to the New Shares | Cobra Ventures Inc. | — | Schwartz Levitsky Feldman Inc.+1 more | 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 |
| Edge on Triangle Park Inc. et al.Ontario | Approved | Real propertyParking Spots at the Curve building | —1 of 10 sales · 4 closed | ••• | Brad J. Lamb Realty Inc.+3 more | 3 Dec 2021 |
| Station Point Developments Ltd.Alberta | Approved | Real propertyassets described in the Sale Agreement (the "Purchased Assets") | Arris Homes Ltd. | Sealed | JLL | 14 Dec 2021 |
| Junction Craft Brewing Inc.Ontario | Bid selected | Share salethe New Class A Shares | 1000003509 Ontario Limited | ••• | Leveredge Assets Solutions Inc.+1 more | 30 Dec 2021 |
| Western Oilfield Equipment Rentals Ltd.Alberta | Approval pending | Auctionthe Debtor's right, title and interest in and to the assets subject to the Sale Agreement (the 'Property') | McDougall Auctioneers Ltd. | Sealed | McDougall Auctioneers Ltd. | 18 Jan 2022 |
| Cannoleum Inc.Ontario | Approved | Real propertythe Debtor's right, title and interest in and to the real property legally described in Schedule 'B' hereto and municipally known as 194 Woolverton Road, Grimsby, Ontario | Woolverton Road Holdings Limited1 of 3 sales | Sealed | CBRE Limited | 20 Jan 2022 |
| Société en commandite Tilly de Laval et Promotions Anne Delisle inc.Quebec | Approved | Real propertyles actifs décrits dans la Convention d'achat («les Actifs achetés») | Ville de Laval | ••• | — | 4 Feb 2022 |
| 2127712 Alberta Ltd.Alberta | Marketed | Assets and sharescertain lands, together with all of the 212 AB Ltd.'s rights, title and interest in the buildings, fixtures and improvements located on such lands ... and all of 212 AB Ltd.'s assets and business of the self-storage business known as Riverside Storage described in Schedule 'B' to the Purchase Agreement (the ' Business Assets ') | Bluebird Core Associates Ltd. | Sealed | MNP Ltd. | 2 Mar 2022 |
| Red Eagle Mining CorporationBritish Columbia | Approval pending | Share salethe Fernando Claim | Orion Fund JV Limited and Liberty Metals and Mining Holdings LLC1 of 4 sales | ••• | — | 14 Mar 2022 |
| Maple Medi Pharma Inc., River Hill Pharmacy Inc., Westway Holdings Inc., Toronto Apothecary Pharma Inc., St. Mary Theotokos Pharmacy Inc., Bless Hui Pharma inc., Stoney Creek Pharma Inc., Olde Walkerville Holdings Inc., JM Westview Pharma Inc., SJ East Pharma Inc., St. Mary Cooksville Pharma Inc., 4231 Sheppard Avenue East Inc., Jubilee Property Investors Inc., JG Windsor Inc., Abu Seifein Brimley Pharma Inc. and Sigma Healthcare Inc.Ontario | Approved | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | Guide Pharma Inc.1 of 17 sales · 5 closed | ••• | Avison Young+3 more | 13 Apr 2022 |
| Ontario Tire StewardshipOntario | Approvedper the transactions | Asset salethe Source Code Purchase Agreement dated April 9, 2021 | CentriLogic Inc | Sealed | — | 14 Apr 2022 |
| The Winning Combination Inc.Manitoba | Approval pending | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement | Kaizen Nutrition Ltd. | — | McDougall Auctioneers Ltd. | 20 Apr 2022 |
| Metro Group of CompaniesAlberta | Approval pending | Auctionthe Equipment | —1 of 4 sales · 2 closed | ••• | Corporate Assets Inc.+5 more | 27 Apr 2022 |
| Mill Street Ventures GP Ltd.Ontario | Process approved | — | — | — | — | 28 Apr 2022 |
| Leading Edge Geomatics IncQuebec | Process approved | — | — | — | — | 13 May 2022 |
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.