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 ▼ |
|---|---|---|---|---|---|---|
| Fishermen's Pier Inc. et al.Ontario | Approved | Real propertythe Debtor's right, title and interest in and to the assets described in the Sale Agreement | Darren Feener and Leanne Feener as joint tenants1 of 5 sales | — | — | 3 May 2016 |
| Beaverton Lumber Inc.Ontario | Closed | Real propertythe Premises | — | ••• | — | 26 Feb 2016 |
| Gestion Global-Canada IncQuebec | Approved | Real propertyUnit 2112 | —1 of 3 sales · 2 closed | ••• | Groupe Sutton sur l'Ile Inc.+2 more | 4 Feb 2016 |
| Cover Industries Inc.Quebec | Closed | Asset salePetitioner's assets described in the Asset Purchase Agreement (Exhibit R-1) (the "Purchased Assets") | Novatech Group Inc.1 of 3 sales · 2 closed | ••• | Deloitte Restructuring Inc. | 22 Jan 2016 |
| 1749049 Alberta LtdAlberta | Closed | Asset salethe physical assets of Vendors ... All contracts, goodwill, etc. | MCW Hemisphere Ltd. | ••• | — | 14 Jan 2016 |
| Rogers Oil & Gas IncAlberta | Closed | Asset salethe Oil and Gas Interests including the associated mineral rights, surface leases, pipelines and a blending facility | —1 of 3 sales · 1 closed | ••• | Ernst & Young Inc. | 15 Dec 2015 |
| Sherson Group IncOntario | Closed | Asset salethe rights and obligations of Sherson under certain agreements | Nine West Canada LP | Sealed | — | 7 Dec 2015 |
| Viceroy Homes Ltd./ Viceroy Building Solutions Ltd.British Columbia | Approvedper the transactions | Asset salethe assets described in the APA (the "Purchased Assets") | Besco International Investment Co., Ltd. | — | — | 19 Nov 2015 |
| West Mall Holdings Ltd.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the Purchased Assets as such term is defined in the Bridgeport APS | Bridgeport West Mall Inc. | Sealed | — | 20 Oct 2015 |
| Riadh Holdings IncOntario | Did not complete | Real propertythe Property, the building and fixtures thereon (collectively, the "Purchased Assets") | Verza Investments Inc.1 of 2 sales | ••• | CB Richard Ellis Limited | 15 Sep 2015 |
| Newtek Automotive Inc./Newtek Automotive Midwest, Inc.Ontario | Closedper the transactions | Auctionthe Company's machinery, equipment and inventory | —1 of 3 sales · 2 closed | — | Hilco Asset Sales Canada Corp. | 8 Sep 2015 |
| Whatswhat, Inc.Ontario | Approvedper the transactions | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Tench Labs Incorporated | ••• | — | 12 Aug 2015 |
| Canadian Industrial Distributors Inc.Ontario | Closed | Asset salethe Purchased Assets (as defined in the APA) | CID Bissett Fasteners Limited and Lance Bissett Limited | — | BDO Canada LLP/BDO Canada Limited | 14 Jul 2015 |
| Cash Store Financial Services LtdOntario | Closed | Asset salethe Purchased Assets as defined in the Asset Purchase Agreement | National Money Mart Company1 of 3 sales · 3 closed | Sealed | Rothschild Inc.+1 more | 19 May 2015 |
| Tour Tech East LimitedNova Scotia | Approval pending | Real property170 Thornhill Drive, Dartmouth ("the Real Property") | 3288045 Nova Scotia Limited1 of 2 sales | Sealed | Cushman & Wakefield | 7 May 2015 |
| DiFelice Nina & ItaloOntario | Closed | Real property5925 Yonge | Carmela Battista1 of 6 sales · 3 closed | ••• | Colliers | 20 Apr 2015 |
| Williams Moving & Storage (B.C.) Ltd.British Columbia | Approved | Auctionthe Company's assets (the "RS Equipment") | —1 of 2 sales | Sealed | Maynards Industries Ltd. | 10 Mar 2015 |
| Aurbec Mines Inc.Quebec | No acceptable bid | Asset salecertains actifs miniers de la Société | —1 of 3 sales · 1 closed | ••• | Corporate Assets+1 more | 21 Jan 2015 |
| Bombay & Co Inc., Bowring & Co Inc. and Benix & Co Inc.Ontario | Approved | Asset saleall of Bombay's right, title and interest in and to assets described in the Sale Agreement (the "Sale Assets") | 2383029 Ontario Inc.1 of 2 sales | — | — | 12 Jan 2015 |
| Casperdiny IFB Realty IncQuebec | Approved | Asset salethe Transferred Assets | Timbercreek Senior Mortgage Investment Corporation1 of 2 sales | — | CBRE Capital Markets - National Apartment Group | 18 Aug 2014 |
| Club Sommet SuitesQuebec | Approval pending | Real propertythe assets described in the Agreement (the "Transferred Assets") | Timbercreek Senior Mortgage Investment Corporation1 of 2 sales | — | CBRE Capital Markets - National Apartment Group | 18 Aug 2014 |
| Equipement d'incendie Levasseur incQuebec | Process approved | — | — | — | — | 17 Jun 2014 |
| Bogdon & Gross Furniture Company Ltd.Ontario | Marketed | Asset saleB&G's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | BG Furniture Ltd. | — | Zeifmans+1 more | 13 May 2014 |
| Latinamerican Foods Inc. and 1311670 Ontario LimitedOntario | Approved | Real propertythe Premises, municipally known as 16 Fima Crescent, Etobicoke, Ontario, and fixtures thereon (collectively, the "Purchased Assets") | Carnevale Holdings Inc. | Sealed | CBRE Limited+1 more | 31 Mar 2014 |
| Colossus Minerals Inc.Ontario | No acceptable bid | — | — | — | Dundee Capital Markets, a division of Dundee Securities Ltd. | 11 Mar 2014 |
| Almadi Enterprises Inc. – BankruptcyOntario | Approved | Asset salethe sale of its interest in the AEl Action | Royal Bank of Canada | ••• | — | 13 Feb 2014 |
| Sun Pac Foods LimitedOntario | Approved | Asset salethe Purchased Assets described in the Liquidation Agreement | Maynards Industries Inc.1 of 2 sales · 1 closed | — | Maynards Industries Inc. | 17 Jan 2014 |
| Lone Pine Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Wiser Delaware, LLC, and Wiser Oil Delaware, LLCAlberta | Approval pending | Asset salethe Loon Properties | Harvest Operations Corp. | ••• | the Companies' Financial Advisor | 16 Dec 2013 |
| Renova Scotia Bioenergy Inc.Nova Scotia | Marketed | — | — | — | Deloitte Restructuring Inc. | 31 Oct 2013 |
| 2907160 Canada Inc. (formerly known as PROSEP INC.)Quebec | Approvedper the transactions | Asset salethe assets described in the Purchase Agreement (the "Purchased Assets") | PWA ProSep, Inc. | — | — | 28 Oct 2013 |
| Komtech Enterprises Limited and 2277247 Ontario LimitedOntario | Approved | Asset saleall of the Debtors' right, title and interest in and to all of the Fixed Assets | Infinity Asset Solutions Inc. | Sealed | — | 23 Oct 2013 |
| RS TechnologiesAlberta | Approved | Assets and shareseither (i) sell all of a newly created class of voting common shares to Werklund/Melbye conditional upon the approval and implementation of the Plan, or (ii) sell all of its undertaking, property and assets pursuant to an approval and vesting order issued by the Court | Werklund Capital Corporation and Melybe Skandinavia AS1 of 3 sales | — | — | 30 Aug 2013 |
| Canusa Products 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") | Cruz Bay Publishing, Inc. | — | — | 23 Aug 2013 |
| Diversity Marketing Services Inc.Ontario | Approved | Auctionsome or all of the Fixed Assets as described in the Auction Agreement | — | Sealed | Maynards Canada | 14 Jun 2013 |
| Multicom Media Services Ltd.Ontario | Approvedper the transactions | Auctionthe Debtors' right, title and interest in and to some or all of the Fixed Assets as described in the Auction Agreement | — | — | Maynards Canada | 14 Jun 2013 |
| Multimedia Nova CorporationOntario | Approved | Auctionsome or all of the Fixed Assets as described in the Auction Agreement | — | — | Maynards Canada | 14 Jun 2013 |
| Newsweb Printing and Distribution Inc.Ontario | Approvedper the transactions | Auctionsome or all of the Fixed Assets as described in the Auction Agreement | — | — | Maynards Canada | 14 Jun 2013 |
| Karlsen Shipping Company LimitedNova Scotia | Approval pending | Assets and sharesthe Lots (real property at New Harbour, Lunenburg County) and the insurance policy on the life of Martin Karlsen | 3264741 Nova Scotia Limited1 of 3 sales · 1 closed | ••• | PS Platou ASA+1 more | 15 Mar 2013 |
| Pictou Lodge Resort (4374339 Canada Inc.)Nova Scotia | Process approved | — | — | — | Grant Thornton Limited | 12 Mar 2013 |
| Cantar Pool Products Limited/Produits de Piscines Cantar LimiteeOntario | Closed | Asset salecertain "Assets" as defined in an asset purchase agreement | Northern Lights Recreation Co.1 of 7 sales · 7 closed | ••• | Prowis Inc. | 24 Jan 2013 |
| Stone Mountain Resources LtdAlberta | Process approved | Asset salethe Tenaka Property | CNRL1 of 2 sales | Sealed | — | 30 Nov 2012 |
| 1791979 Ontario Inc.Ontario | Process approved | — | — | — | — | 29 Nov 2012 |
| Bancroft Light & Power Company (2000) LimitedOntario | Approvedper the transactions | Asset salethe assets of the Debtor as described in the Bracebridge APA (the "Purchased Assets") | Bracebridge Generation Ltd. | — | — | 18 Jul 2012 |
| 3762904 Canada Inc.Quebec | Process approved | — | — | — | — | 14 Jun 2012 |
| Elaborate Homes Ltd. and Elaborate Developments IncAlberta | Closed | Asset salefour Kenworth trucks which were subject to lease contracts between GWT and Developments | Great West Truck Lease and Rentals Ltd.1 of 3 sales · 1 closed | ••• | — | 16 Dec 2011 |
| Cole, HenryOntario | Approvedper the transactions | Real propertythe Trustee's right, title and interest to the property located at 12 MacPherson Avenue, Unit 3, Toronto, Ontario | Douglas Wheler and Eva Illes | — | — | 15 Dec 2011 |
| Canadian Rockies Petroleum Corp.Alberta | Approved | Asset salethe Assets subject to the Agreement | Signalta Resources Limited1 of 2 sales | Sealed | — | 17 Nov 2011 |
| Owen Sound Golf And Country Club LimitedOntario | Approved | Asset salethe Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Kinsale Investments Limited | Sealed | — | 11 Oct 2011 |
| CarlingAlberta | Approved | Real propertythe following lands to the Purchaser: PLAN 9121064 BLOCK1 LOT4 EXCEPTING THEREOUT ALL MINES AND MINERALS AREA: 0.74 HECTARES (1.83 ACRES) MORE OR LESS | Morris Kadylo, MK Group | — | — | 1 Sep 2011 |
| Riverside QuaysAlberta | Liquidating | Real propertythree units of the Phase 1 Inventory... The purchase and sale agreements for the Relevant Units | —1 of 5 sales | ••• | — | 18 Aug 2011 |
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.