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 ▼ |
|---|---|---|---|---|---|---|
| How Fashions International Inc. and 9896481 Canada Inc.Quebec | Closed | Asset salethe intellectual property and other intangible assets related to the Ronny Kobo brand and other associated brands (the ' Target Assets ') | Captive Brands Corporation1 of 2 sales · 2 closed | ••• | Jassin Consulting Group | 8 Dec 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 |
| 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 |
| True Leaf Brands, Inc.British Columbia | Closed | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | 4033001 (a Wyoming Corporation)1 of 4 sales · 2 closed | ••• | Colliers+1 more | 24 Nov 2020 |
| Stellar One Holdings LtdAlberta | Bid selected | Asset salethe Pilatus | Anatino | Sealed | RGM Aviation Ltd. | 18 Nov 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 |
| 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 |
| 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 |
| Economy Landscape Contractors Ltd. and Economy Landscape Group LtdAlberta | Closed | Auctionthe Company's equipment and fixed assets | Century Services Corp.1 of 3 sales · 2 closed | Sealed | Century Services Corp.+1 more | 9 Oct 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 |
| Cequence Energy LtdAlberta | No acceptable bid | — | — | — | — | 15 Sep 2020 |
| Ventures West Transport Limited PartnershipAlberta | Closed | Auctionsubstantially all the Companies' remaining assets, outside of the ARS Assets (the "Auction Assets") | —1 of 4 sales · 3 closed | ••• | IronPlanet Canada Ltd.+1 more | 2 Sep 2020 |
| Sports Villa Resort, Inc.Newfoundland and Labrador | Did not complete | Real propertythe Subject Property | 83848 Newfoundland and Labrador Incorporated | — | — | 1 Sep 2020 |
| Coalision Inc. (9421-4442 Québec Inc.)Quebec | Closed | Asset salethe assets described in the Asset Purchase Agreement (the ' Purchased Assets ') | 1254429 B.C. Unlimited Liability Company1 of 3 sales · 3 closed | ••• | — | 26 Aug 2020 |
| 3717291 Canada Inc. (Bo-bébé)Quebec | Approvedper the transactions | Asset salethe Purchased Assets | Mark Srour | Sealed | — | 20 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 |
| Lutheran Church - Canada, the Alberta - British Columbia District et. al.Alberta | Closed | Real propertythe Parsonage Lot | Limetwig Homes Inc.1 of 28 sales · 2 closed | ••• | RE/MAX Revelstoke Realty+4 more | 17 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 |
| 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 |
| 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 |
| SNFW Fitness BC LtdBritish Columbia | Approvedper the transactions | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | FW Fitness BC Ltd. | — | — | 23 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 |
| 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 |
| Educator Supplies Limited o/a Scholar's ChoiceOntario | Approved | Auctionthe Merchandise and FF&E | — | — | Tiger Asset Solutions Canada, ULC | 15 Jul 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Diam Danforth Property Inc.Ontario | Process approved | — | — | — | Lennard Commercial Realty, Brokerage | 22 May 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 |
| DionyMedBritish Columbia | Closed | Asset salethe Purchased Assets | Eaze Technologies, Inc. | Sealed | — | 29 Apr 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Virk Hospitality Corp.Ontario | Closed | —the Virk Property | —1 of 2 sales · 1 closed | — | CBRE Limited, Real Estate Brokerage+1 more | 26 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 |
| 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 |
| 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 |
| Trakopolis SaaS Corporation, Trakopolis IoT CorporationAlberta | Process approved | Asset salethe Purchased Assets | 1234600 B.C. Ltd. | Sealed | Canaccord Genuity Corp. | 7 Feb 2020 |
| 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 |
| 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 |
| Eagle Travel PlazaOntario | Process approved | — | — | — | BDO Canada Limited | 16 Dec 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 |
| 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 |
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.