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 ▼ |
|---|---|---|---|---|---|---|
| Local Leader Inc.British Columbia | Marketed | — | — | — | MNP Ltd. | 15 Apr 2024 |
| Hempsana Inc.Ontario | Process approved | — | — | — | B. Riley Farber Inc. | 9 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 11282751 Canada Inc. et al. (170 Burton)Ontario | Process approved | — | — | — | — | 15 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 |
| 2495065 Ontario Inc.Ontario | Process approved | — | — | — | Scotiabank+4 more | 8 Mar 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Bad Boy Furniture Warehouse LimitedOntario | No acceptable bid | — | — | — | Infinity Asset Solutions Inc. | 12 Feb 2024 |
| Calldron Gas Bars Ltd and 1195705 Ontario Inc.Ontario | Approved | Asset saleCalldron's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') | 1000733305 Ontario Inc.1 of 3 sales | — | — | 23 Jan 2024 |
| Genetic Properties Inc.Ontario | Approval pending | Real propertythe Verbena Property | KI Equity Corp.1 of 2 sales | — | Cushman & Wakefield | 23 Jan 2024 |
| Clover Inc.Ontario | Marketed | — | — | — | B. Riley Farber Inc. | 22 Jan 2024 |
| York-Durham Heritage Railway AssociationOntario | Marketed | — | — | — | B. Riley Farber Inc. | 18 Jan 2024 |
| 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 |
| 12252856 Canada Inc.Ontario | Approval pending | Asset salethe Debtor's right, title and interest in and to the Purchased Assets | MarshallZehr Capital Partners Inc. | — | Avison Young | 5 Jan 2024 |
| Accurate GroupManitoba | Did not complete | Asset salethe purchase and sale of Applicants' assets | Stephen Segal | Sealed | Deloitte Restructuring Inc. | 7 Dec 2023 |
| AbleDocs Inc. and AbleDocs International LimitedOntario | Approved | Asset salethe assets described in the Asset Purchase Agreement (the "Purchased Assets") | Grackledocs Inc. | — | — | 5 Dec 2023 |
| Damiva Inc.Ontario | Approved | Asset salethe Debtor's right, title and interest in and to the property described as the Purchased Assets in the Purchase Agreement | 1000657239 Ontario Limited | Sealed | — | 29 Nov 2023 |
| Groupe Michel Leclerc Inc.Quebec | Closed | Asset salel'ensemble de ses droits, titres et intérêts dans les Actifs visés (Équipement visé et Contrats cédés) | Groupe Lapalme Inc. | ••• | — | 29 Nov 2023 |
| Repsol Oil & Gas Canada Inc.Alberta | Closed | Asset salethe PPA Receivable | REXSA1 of 3 sales · 3 closed | ••• | — | 28 Nov 2023 |
| Wabi Sabi Brands Ltd.Alberta | Approved | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | Bloomex Inc.1 of 2 sales | Sealed | Harris & Partners Inc. | 21 Nov 2023 |
| Tankhouse Development Inc.Ontario | Approvedper the transactions | Real propertythe Debtors' right, title and interest in and to the assets described in the Sales Agreement (the "Purchased Assets") | — | — | — | 2 Nov 2023 |
| Living Beachside Development Limited Partnership, Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc., PortLiving Farms (3624 Parkview) Investments Inc., PortLiving Farms (3688 Parkview) Investments Inc. and PortLiving Farms (3648 Parkview) Investments Inc. Beachside Motel, Sunny Beach Motel and Waterfront InnBritish Columbia | Approval pending | Asset salethe Purchased Assets | 1351486 B.C. LTD. | ••• | Colliers | 26 Oct 2023 |
| Eaglesmed Group Inc.Alberta | Closed | Real propertythe Peace River Property | —1 of 8 sales · 5 closed | Sealed | REMAX+1 more | 23 Oct 2023 |
| Kaloom Inc.Quebec | Approval pending | —the Transaction | 15385105 Canada Inc.1 of 3 sales · 1 closed | Sealed | Atlas Technologiques Group | 19 Oct 2023 |
| My Mortgage Auction Corp dba Shop Your Own MortgageBritish Columbia | Closedper the transactions | Real propertythe residential property located at 3085 Pattee Road, Hawkesbury, Ontario (the 'Hawkesbury Residence') | —1 of 2 sales · 1 closed | ••• | — | 17 Oct 2023 |
| Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp.Ontario | No acceptable bid | — | — | — | — | 17 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 |
| 11157353 Canada CorporationOntario | Closed | Share salethe Debtor's right, title and interest in and to Purchased Shares | Reflourish Capital Limited1 of 4 sales · 1 closed | ••• | — | 5 Oct 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. | ••• | — | 2 Oct 2023 |
| B.S.K. Group Inc.Quebec | Closed | Asset saleall rights, title and interest in and to the Property | Via Vegan Ltd. | ••• | — | 19 Sep 2023 |
| Tantalus Labs LtdBritish Columbia | Liquidating | Asset salethe assets described in the Sale Agreement (the ' Purchased Assets ') | Atlantic Cultivation Ltd.1 of 9 sales · 2 closed | ••• | BC Farm & Ranch Realty Corp.+2 more | 18 Sep 2023 |
| Go-To Developments Holdings Inc.Ontario | Approval pending | Real propertythe St. Catharines Property | Midroc Holdings Group Inc.1 of 15 sales · 8 closed | ••• | Colliers+2 more | 1 Sep 2023 |
| Groupe Airmedic Inc. & Al.Quebec | Approved | Asset saleles « Actifs achetés » | 15245788 Canada inc.1 of 2 sales | — | — | 1 Sep 2023 |
| La Bicicletta Bicycles, Inc./0371598 B.C. LTD.British Columbia | Approval pending | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | CSL Sports Ltd. | ••• | — | 31 Aug 2023 |
| Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services IncQuebec | Approval pending | — | — | — | — | 24 Aug 2023 |
| Boreal CapitalOntario | Approved | Real propertythe Company's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') | Richard Von Hagen and Cindy Von Hagen1 of 18 sales | — | — | 22 Aug 2023 |
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.