Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive investment banking advisor to Extruded Aluminum Corporation (“EAC”) on its sale to Metra S.p.A. (“Metra”), a portfolio company of KPS Capital Partners, LP (“KPS”).
EAC is a U.S. manufacturer of custom extruded aluminum profiles and related value-added fabrication, assembly and finishing services. EAC provides a variety of custom extruded aluminum profiles to diverse end-markets including solar, transportation, military, material handling, residential and commercial construction and marine applications. EAC has approximately 170 employees across two facilities located in Belding and Kentwood, MI.
Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. Metra offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America. Headquartered in Rodengo Saiano, Italy, Metra employs approximately 1,250 employees globally and operates eight strategically located manufacturing facilities across Italy, Canada and the United States.
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $11.9 billion of assets under management (as of June 30, 2023). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies generate aggregate annual revenues of approximately $20.8 billion, operate 224 manufacturing facilities in 26 countries, and have approximately 50,000 employees, directly and through joint ventures worldwide (as of June 30, 2023).
Origin Merchant Partners is pleased to announce that Velocity Trade has received a significant investment from Wedbush Financial Services (“Wedbush”). Origin Merchant Partners was a financial advisor to Velocity Trade with respect to this transaction.
Velocity Trade is a global brokerage firm offering access to global over-the-counter (OTC) and exchange listed markets, as well as customized Wealth Management solutions via its WealthTech product suite. Through its global network of wholly owned regulated and registered subsidiary companies, Velocity Trade employs over 170 professionals that provide corporate and institutional clients competitive execution and custody services.
Wedbush is a diversified financial services holding company. Its primary subsidiary, Wedbush Securities, was founded in 1955 and has been a leader in the financial services industry, providing its clients, both private and institutional clients, with a wide range of securities brokerage and processing, wealth management, and investment banking services. Headquartered in Los Angeles, California with over 100 registered offices and nearly 900 colleagues, the firm focuses on bespoke client service and the utilization of advanced technology.
Origin Senior Leads: Alain Miquelon.
Origin Merchant Partners is pleased to announce that it acted as Financial Advisor to the Special Committee of Northview Fund (“Northview”), providing a fairness opinion and independent formal valuations with respect to a recapitalization transaction including the acquisition of three multi-family portfolios (the “Acquisitions”) for an aggregate purchase price of $742 million, and Northview’s transformation into Northview Residential REIT (collectively the “Transaction”). The Acquisitions are as follows:
Northview Residential REIT will increase its support from its existing institutional investors, including affiliates of Starlight Investments and KingSett Capital, as well as a new, significant investment from a global institutional investor.
Northview was, prior to the Transaction, a three-year closed end fund with two one year extension options. The fund has almost $2 billion of total assets, with institutional investors comprised of affiliates of Starlight Investments, Kingsett Capital Inc., Alberta Investment Management Corporation and Timbercreek Asset Management. As part of the Transaction and to facilitate the Acquisitions, Northview will amend its declaration of trust in order to align the Fund with typical open-ended “real estate investment trusts” and will change its name to Northview Residential REIT. Northview Residential REIT’s portfolio will consist of 14,622 multi-family suites and execusuites and 1.25 million square feet of commercial space, located across nine provinces and two territories.
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to Dishon Limited (“Dishon”) on its sale to Thrust Capital Partners (“Thrust”).
Dishon is a world class supplier of complex precision machine components and assemblies for North America, Europe and Asia, serving the aerospace, nuclear, sub-sea oil & gas and medical industries. The company has strong engineering and manufacturing capabilities, with manufacturing processes optimized to increase production flow rates. Dishon has over 35 years of expertise in complex machining and employs 70,000 square ft of space in Toronto, Canada and 14,000 square ft in Orlando, Florida.
Thrust is a private equity buyout firm exclusively focused on the Canadian aerospace industry and its supply chain. Thrust invests in companies for the long haul and understands that success takes hard work, dedication and sheer perseverance. With its combined track record and market knowledge, the Thrust team understands how to effectively consolidate aerospace suppliers, and navigate the path to becoming a world class industry participant.
Origin Merchant Partners (“Origin”) is pleased to announce that Coinsquare Ltd. (“Coinsquare”) has completed its previously announced combination with Wonderfi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (“Wonderfi”) and CoinSmart Financial Inc. (NEO: SMRT) (FSE: IR). (“CoinSmart”). Origin was the exclusive financial advisor to Coinsquare on this transaction, which will create one of the largest regulated crypto asset trading platforms in Canada.
Coinsquare provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Since the privately owned company was founded in 2014, Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has successfully executed trades in excess of $8 billion to date.
Wonderfi creates access to digital assets through its two Canadian owned and operated, fully registered crypto-trading platforms Bitbuy and Coinberry. Bitbuy is Canada’s first registered digital asset marketplace, boasting over 400,000 registered users, and serving both beginner and advanced traders, institutions, and corporate clients. Coinberry, with a user base of over 200,000, is designed for crypto novices and retail traders.
CoinSmart is a leading Canadian-headquartered crypto asset trading platform for digital assets, including Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries. The company’s offerings include instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services.
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to Centricity Research (“Centricity” or the “Company”) on a sale of a majority stake by its shareholders, Persistence Capital Partners and management, to Trinity Hunt Partners (“THP”).
Centricity is the operating company formed through the integration of three research network organizations (LMC Manna Research, iACT Health, and Aventiv Research). The Company is a leading clinical research services provider to pharmaceutical sponsors and CRO’s, and specializes in conducting Phase I-IV clinical trials across more than 40 therapeutic areas, from its 35 locations spanning the US and Canada. Centricity’s centralized processes, expansive patient recruitment capabilities, integrated technology, and dedicated team of clinical research professionals have successfully led to over 2,500 studies conducted and more than 100 FDA and Health Canada drug approvals.
THP is a growth-oriented private equity firm headquartered in Dallas, Texas with over $1.7 billion of assets under management, focused on building leading business, healthcare, and consumer services companies. The firm has invested in more than 28 platform companies over the past 17 years.
Origin Merchant Partners is pleased to announce that MyLand Company Inc. (“MyLand”) has raised $12 million in the first closing of its Series B financing round led by Climate Innovation Capital (« CIC ») and Waterpoint Lane (“WPL”). Origin Merchant Partners was a financial advisor to MyLand with respect to this transaction.
Myland is a soil health company, helping to tackle two of the world’s biggest challenges: food security and climate disruption. MyLand’s innovative and patented technology allows farmers to rapidly implement regenerative agriculture practices and improve their soil health by harnessing the land’s own natural ecosystem. MyLand partners with farmers to infuse life into the soil, helping to return farms to their most fertile state, achieving greater productivity and enhanced profitability.
WPL manages investments in and provides strategic growth support to a portfolio of growth oriented businesses with a view to the triple bottom line – profit, people and the planet. WPL’s focus is on growth stage companies and consumer products that support and promote sustainable practices throughout our food system.
CIC invests in entrepreneurs with climate technologies and businesses that have the potential to deliver significant financial returns and the greatest carbon reductions in the shortest period of time. As founders, operators, investors and climate advisors, CIC works to leverage its team’s experience, insight and networks to be strong partners to its portfolio companies and investors.
Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion to the Special Committee and Board of Directors of Copper Mountain Mining Corporation (“Copper Mountain”) with respect to its combination with Hudbay Minerals Inc. (“Hudbay”). The combination will create the third largest copper producer in Canada.
Copper Mountain (TSX: CMMC, ASX: C6C) owns 75% of the Copper Mountain Mine, located in British Columbia. The mine produces, on average, approximately 100 million pounds of copper equivalent per year.
Hudbay (TSX, NYSE: HBM) is a diversified mining company with long-life assets in North and South America. The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as acquisitions that fit its strategic criteria. Hudbay seeks to create sustainable value through its acquisitions, development and operations in jurisdictions that support responsible mining, and to see the regions in which it operates benefit from its presence.
Origin Merchant Securities Inc. (“OMSI”) is pleased to announce Vega Education Services (“Vega”) and International Business University (“IBU”) have raised growth capital from a consortium of investors led by JKR Investment Group (“JKR”). OMSI was exclusive advisor to Vega on this transaction.
Vega is a Toronto-based provider of recruitment, academic and support services to the post-secondary sector, notably through a partnership with International Business University.
IBU is a Canadian, student-focused university that offers a growing set of undergraduate and graduate academic and professional degree programs that are career-relevant, and can be completed in an accelerated time frame.
JKR is a Cyprus-based, entrepreneurial investment fund with a focus on the education vertical. The fund helps ambitious start-ups and growing companies build profitable businesses.
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to Silverware POS Inc. (“Silverware”) on its sale to Fullsteam Operations LLC (“Fullsteam”).
Silverware is an industry leading POS software provider with established relationships with industry leading hotel chains and Michelin starred restaurants. The founder-owned company offers a range of products and services, including POS software, hardware, and peripherals, as well as support, and implementation services, to help hospitality businesses manage their operations more efficiently and effectively. Silverware’s modular integrations include table management, order entry, inventory management, reporting and analytics.
Fullsteam is a leading payments and software company providing streamlined payments infrastructure and enhanced operational support to its enterprise customers, helping to drive growth and profitability. Fullsteam has consolidated nearly 50 founder-led software companies, empowering founders to grow faster through payments optimization and investment in sales, marketing and product development.
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to SDR Distribution Services Inc. (“SDR”) on its sale to NFI Industries Inc. (“NFI”)
SDR has provided a range of 3PL solutions to clients across North America for almost 20 years. The company is a leader in the North American 3PL market, specializing in the demanding fashion, footwear, accessories, and related soft goods fulfillment market niche. SDR differentiates itself from competitors by offering bespoke, high-touch services for retailers and wholesalers who require exceptional levels of customer service.
NFI is a fully-integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since 1932, the company generates more than US$3.9 billion in annual revenue, employs over 16,800 associates, and operates more than 70 million square feet of warehouse space alongside a dedicated fleet of 5,000 tractors and 14,300 trailers.
Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion to the Special Committee of Teck Resources (“Teck”) with respect to the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd.
Teck is one of Canada’s leading mining companies with operations and projects in Canada, the United States, Chile and Peru. Following the spin-off, and subject to its approval, Teck will continue as Teck Metals, which will become a world-class growth-oriented producer of energy transition metals.
Elk Valley will be a pure-play, high-margin steelmaking coal producer, generating gross proceeds for Teck Metals of over $11.5 billion through a highly innovative royalty and transition capital structure.
Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion to the Special Committee of Teck Resources (“Teck”) with respect to the proposed agreement to amend its 54 year old dual class share structure, and sunset its multi-voting shares in 6 years.
Teck is one of Canada’s leading mining companies with operations and projects in Canada, the United States, Chile and Peru. Teck has recently proposed a spin-off of its steelmaking coal assets, and Origin has also provided a fairness opinion on that transaction. Following the spin-off, and subject to its approval, Teck will continue as Teck Metals, which will become a world-class growth-oriented producer of energy transition metals.
Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion and advice to the Special Committee of ICPEI Holdings Inc. (“ICPEI”) with respect to the acquisition of ICPEI by a consortium led by Dejardins General Insurance Group Inc (“Desjardins”).
ICPEI was founded in 1998 and operates in the Canadian property and casualty insurance industry through its wholly owned subsidiary, The Insurance Company of Prince Edward Island, which provides commercial and personal lines of insurance products exclusively through the broker channel.
Desjardins, a subsidiary of Desjardins Financial Corporation Inc., is a Canadian leader in P&C insurance. The company offers automobile insurance, home insurance and business insurance products through agents in the Desjardins caisse network in Quebec, through several Client Care Centres, through Dejardins’ websites and, in some cases, through smartphone technology.
Origin Senior Leads: Charles Pennock.
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the financial advisor to Kivuto Solutions Inc. (“Kivuto”) on its sale to Valsoft Corporation Inc. (“Valsoft”).
Kivuto is a leading independent provider of edtech solutions, providing a suite of software solutions trusted by academic institutions around the world to enable a modern learning environment in which students have easy access to the tools they need to succeed. By partnering with a broad ecosystem of partners, Kivuto provides solutions to thousands of renowned academic institutions. Founded in 1997, Kivuto is headquartered in Ottawa and employs ~55 dedicated, highly qualified team members.
Valsoft acquires and develops vertical market software companies, enabling each business to deliver the best mission-critical solutions for customers in their respective industries or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that molds companies into leaders in their respective industries. Valsoft looks to buy, hold and create value through long-term partnerships with existing management.
Origin Merchant Partners (“Origin”) is pleased to announce that it was the exclusive financial advisor to ALS Limited (ASX:ALQ) (“ALS”) on its acquisition of 100% of the assets and assumption of certain liabilities of Exploration Technologies Division (“ETD”) of Earthlabs Inc (TSX-V:SPOT).
ALS is a AUD6 billion market cap global company that provides comprehensive testing solutions to clients world-wide, across a broad range of industries. Headquartered in Australia, the company’s adoption of state-of-the-art technology and innovative methodologies – coupled with the strength of its international teams – ensures the delivery of the highest quality services using local expertise and personalized solutions.
Earthlabs Inc’s ETD comprises Earthlabs’ exploration consulting and technology, including the GoldSpot Discoveries consulting group alongside Ridgeline Exploration Services Inc. ETD is a highly specialized business unit with multidisciplinary experts and proprietary technology solutions in the mining sector.
Origin Merchant Partners (“Origin”) is pleased to announce that it was the exclusive financial advisor to Modu-Loc Fence Rentals (“Modu-loc”) on its sale to Sunbelt Rentals, Inc. (“Sunbelt Rentals”).
Modu-Loc supplies site containment solutions to Canadian and US customers. Founded in 1996, the company has built a reputation as the industry-leading temporary fence rental experts, offering site containment solutions for a diverse set of clients in construction, infrastructure, special events, retail, institutional and government. Modu-Loc products are trusted by organizations such as the RCMP, CSIS and their U.S counterparts for high profile events including the Vancouver Olympic Games, the 2015 Pan Am/Parapan Am Games, and multiple Super Bowls. .
Sunbelt Rentals is one of the largest equipment rental companies globally with a keen focus on continually advancing the idea of how a company can best support its customers and communities. With a vast network of locations across North America and the U.K. providing an expansive portfolio of products and services, Sunbelt Rentals delivers equipment rental solutions to support any project of size or significance.
Origin Merchant Partners (“Origin”) is pleased to announce that G3 Canada Limited (“G3”)’s Shortline Railway Assets have been acquired by Regional Rail.
G3 is a division of G3 Global Grain Group. Headquartered in Winnipeg, Manitoba, the company operates a network of grain elevators in Western Canada. G3 purchases a variety of grains, oilseeds, and special crops from farmers and third parties across Canada, then markets and transports the product to domestic and global customers via its state-of-the-art facilities.
Regional Rail is a US-based short-line and regional railroads aggregator backed by 3i Group, a British multinational private equity firm. With extensive experience and success spanning railroad operations, Class I railroad relations and negotiations, state and local relations, and industrial business developments, Regional Rail aims to acquire or create a core group of shortline railroads in North America.
Origin Merchant Partners is pleased to announce that Concierge Plus Inc. (“Concierge Plus”) has entered into a strategic partnership with Arnell Capital, LLC (“Arnell”). Origin Merchant Partners acted as exclusive financial advisor to Concierge Plus with respect to this transaction.
Concierge Plus is an industry-leading property management platform provider. With over 20 years of experience, Concierge Plus provides an easy-to-use cloud-based interface with extensive and scalable functionality for everyday tasks, making life easier for residents, staff and property managers. Headquartered in Florida, Concierge Plus operates coast-to-coast across the United States and Canada and works with condo and multi-residential communities of all sizes.
Arnell is a Chicago-based private investment firm focused on acquiring small- to mid-sized businesses. The firm aims to acquire and grow each business throughout North America and ensure long-term value creation for owners, employees, and clients.
Origin Merchant Partners is pleased to announce that Back in Motion Rehab (“BIM”), previously a portfolio company of Ironbridge Equity Partners (“Ironbridge”), has been acquired by Yorkville Asset Management (“Yorkville”) on behalf of its Yorkville Health Care Fund and private placement investments, Yorkville Private Equity LP and Yorkville Private Lending LP. Origin Merchant Partners acted as exclusive financial advisor to Back in Motion with respect to this transaction.
BIM is an industry leader for physiotherapy, massage, active rehabilitation, occupational therapy, psychological services, and multidisciplinary treatment programs. For 30 years, BIM has delivered accessible and evidence-based healthcare services for a range of customers, including individuals, WorkSafeBC, insurance companies, government, and employers. BIM has grown its footprint to 10 clinics across the Metro Vancouver area.
Ironbridge is a Toronto-based private equity firm with more than $750 million of assets under management, focused exclusively on investing in Canadian, lower middle-market businesses in the manufacturing, distribution, consumer products and services, and business products and services spaces.
Yorkville is a boutique investment management firm based in Toronto that caters to both private clients and institutional investors. Yorkville provides clients with well-diversified portfolios that can include its highly ranked fixed income strategy, various equity mandates, as well as a number of alternative investment solutions such as Real Estate, Private Equity, Pre-IPO Equity, and Private Debt.