Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to Kitchen Partners, a leading Canadian manufacturer of prepared sauces, marinades, dips, soups, and related culinary solutions, on its sale to Roskam Foods, a portfolio company of Entrepreneurial Equity Partners (“e2p”).
Founded in 1985 and headquartered in Edmonton, Alberta, Kitchen Partners is a trusted provider of ready‑to‑use, stirred food products serving foodservice and retail customers across Canada. The Company specialises in custom formulation and large‑format production, supporting some of Canada’s largest restaurant chains and retail customers with consistent, high‑quality culinary solutions.
The transaction highlights continued investor interest in Canadian food manufacturing platforms, and specifically in the sauces, dips, and dressings categories, supported by resilient demand across foodservice and retail channels. As restaurant operators continue to navigate labour constraints, cost control, and the need for consistent execution at scale, demand for ready‑to‑use sauces and custom prepared solutions has gained further momentum, favouring manufacturers with strong technical capabilities, reliable production, and trusted customer relationships.
The completion of this transaction further reinforces Origin’s deep expertise in advising middle‑market food manufacturing businesses operating in differentiated, value‑added categories within the broader prepared foods landscape.
About Kitchen Partners
Founded in 1985 and headquartered in Edmonton, Canada, Kitchen Partners is a leading manufacturer of sauces, marinades, dips, soups, and related ready‑to‑use culinary solutions serving foodservice and retail customers across Canada. For more information, please visit www.kitchenpartners.com
About Roskam Foods
For over 100 years, Roskam Foods has been a leading contract manufacturer of frozen breakfast foods, snacks, granola, sauces, and custom ingredients. For more information, please visit www.roskamfoods.com
About Entrepreneurial Equity Partners (e2p)
e2p is a Chicago-based, middle market private equity firm focused on investments in the food, beverage, and pet industries. e2p’s team includes experienced food and consumer packaged goods executives and investors who bring an entrepreneurial mindset and extensive industry network to support management teams. For more information, please visit www.e2p.com
Deal team: Andrew Muirhead, Chris Solda, Emile Godbout-Lapensee
Press release: https://e2p.com/news/e2p-portfolio-company-roskam-foods-acquires-kitchen-partners/
Origin Merchant Partners (“Origin”), is pleased to announce we have acted as Financial Advisor to the Special Committee of Rupert Resources Ltd. (“Rupert” or the “Company”) on its definitive arrangement agreement (the “Arrangement Agreement”) with Agnico Eagle Mines Limited (“Agnico Eagle”) pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Rupert (the “Rupert Shares”) it does not already own by way of plan of arrangement (the “Transaction”).
Under the terms of the Transaction, Rupert shareholders will receive 0.0401 of an Agnico Eagle common share for each Rupert share, representing C$12.00 per share based on Agnico Eagle’s recent trading price, plus a contingent value right (CVR) of up to C$3.00 per share in cash tied to future mineral reserve growth and the achievement of commercial production at Rupert’s Ikkari gold project in Finland. The total Transaction value based on the Share Consideration is approximately C$2.9 billion (on a 100% equity ownership basis). The consideration represents a 67% premium to Rupert’s closing share price prior to the announcement. The Transaction has been unanimously approved by Rupert’s Board of Directors and an independent Special Committee. As its financial advisor, Origin prepared and provided a MI 61-101 formal valuation and fairness opinion to the Special Committee.
Agnico Eagle’s financial strength and extensive operating experience in Finland are expected to accelerate the development of Ikkari and unlock its long‑term exploration potential. Rupert shareholders will retain continued exposure to the project’s upside through both Agnico Eagle share ownership and the CVRs.
The transaction is expected to close in early Q3 2026, subject to shareholder, court, and regulatory approvals.
About Rupert Resources:
Resources Ltd. Rupert Resources Ltd. is a gold exploration and development company focused on advancing the Ikkari project in the Central Lapland Greenstone Belt of Northern Finland. Ikkari has a >4Moz gold resource with high margins, lowest quartile costs and emissions, and is located in one of Europe’s most attractive mining jurisdictions.
Press release:
RUPERT RESOURCES TO BE ACQUIRED BY AGNICO EAGLE – Rupert Resources
Deal Team: Jim Meloche, Charles Pennock, Umer Randhawa
Origin Merchant Partners (“Origin”) has announced that it served as the exclusive financial advisor to Thomas Precision Machining (“TPM”), a leading provider of replacement parts, service and equipment for food processing applications, on its sale to Radial Equity Partners (“Radial”), a New York-based private equity firm focused on investing in middle market businesses.
“We are sincerely thankful to the Origin team for their steadfast commitment and thoughtful engagement throughout the entire process. Their sector expertise, disciplined approach, and dedication to the process were key factors in achieving an outstanding result for our business,” said Kevin Nyara, owner of TPM.
Founded in 1981, TPM provides highly engineered aftermarket parts, rebuilds, equipment and related services to more than 500 protein processing plants in North America. This represents Origin’s second closed food processing equipment sale transaction in the last year.
“TPM has secured an exceptional partner in Radial. Radial will support TPM’s engineering-focused, customer-first operating model to accelerate growth and deliver greater value to TPM’s customers,” said Michael Tucci, Managing Director at Origin. “With the backing of Radial’s strong network of seasoned industry operators, TPM is well positioned to build on its momentum and strengthen its standing as a leading provider of machinery solutions to the food processing market.”
The transaction demonstrates robust investment interest in the food processing machinery sector, fueled by appealing global market trends, the need for advanced automation, steady and resilient market demand, and favorable recurring aftermarket economics. The completion of this deal further reinforces Origin’s extensive expertise in advising industrial engineering and manufacturing firms, with a particular focus on the food processing industry.
About TPM:
Thomas Precision Machining has grown to become a market leader in providing high wear equipment lifecycle management solutions to the largest protein processors in North America. The Company is based in Rice Lake, Wisconsin. For additional information, please visit www.tpm-inc.com.
About Radial:
Radial is a private equity firm focused on investing in leading middle market businesses. Radial brings sector expertise and deep industry relationships to partner with management teams and support growth. More information about Radial is available at www.radialequity.com.
Press release: https://www.radialequity.com/news/thomas-precision-machining
Deal team: Michael Tucci, Katie Balson
Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive financial advisor to DRC Heat Transfer (“DRC”), a leading designer and manufacturer of custom heat transfer solutions for mission-critical power generation applications, on its announced sale to Smiths Group plc (“Smiths”), a global industrial engineering company listed on the London Stock Exchange.
DRC will join the Flex-Tek division of Smiths, enhancing its product offering and expanding its presence in high-growth data center and industrial end markets.
The transaction underscores continued market consolidation and interest from both strategic and financial investors for engineered industrial technologies serving mission-critical infrastructure markets. Demand for reliable power generation and thermal management solutions, particularly in support of data center infrastructure, continues to drive strategic M&A activity across the sector.
“Origin’s strategic insight, disciplined execution and unwavering commitment were instrumental in delivering an exceptional outcome for DRC. Their partnership throughout the process made a meaningful difference,” said Brian P. Cahill, President of DRC.
Founded in 1970, DRC is a designer and manufacturer of engineered heat transfer and cooling solutions, primarily for standby power generators used in data centers, as well as for other applications in the industrial, transit and energy markets. The Company is based in Melrose Park, Illinois.
The transaction is subject to customary approvals and is expected to be completed near the end of the first quarter.
About DRC:
Founded in 1970, DRC is a leading designer and manufacturer of engineered heat transfer and cooling solutions. The Company serves blue-chip OEM’s customers across power generation, industrial, transit and energy end markets, with particular strength in standby power systems supporting data center infrastructure. For additional information, please visit www.drcht.com.
About Smiths:
For 175 years, Smiths Group has been a pioneer of progress, engineering a better future. It’s strategy is to be focused, efficient and value creating industrial engineering company operating within markets aligned to attractive, long-term growth drivers, notably energy, industrials, construction and aerospace. Smiths focuses on solving the toughest problems for its customers, helping address critical global needs and such as the ever-increasing demand for process and energy efficiency, and decarbonization. Listed on the London Stock Exchange, Smiths is present in over 50 countries worldwide. For more, please visit www.smiths.com.
Press release: Smiths acquires DRC Heat Transfer
Deal team: Nick Newlin, Katie Balson
Origin Merchant Partners (“Origin”) has announced that it served as the financial advisor to the independent Directors of the Board of Arizona Sonoran Copper on definitive agreement (the “Arrangement Agreement”) pursuant to which Hudbay has agreed to acquire all of the issued and outstanding common shares of ASCU, not already owned by Hudbay, for consideration of 0.242 of a common share of Hudbay per common share of ASCU (the “Transaction”). The offer implies a value of C$9.35 per ASCU share based on Hudbay’s closing share price on the Toronto Stock Exchange (“TSX”) on February 27, 2026, and represents a premium of 30% to ASCU’s closing share price on February 27, 2026. The offer implies a premium of 36% based on Hudbay’s and ASCU’s 20-day volume-weighted-average share prices (« VWAP ») on the TSX for the period ending February 27, 2026. The Transaction will result in Hudbay owning a 100% interest in ASCU’s Cactus project (“Cactus”).
The Transaction brings together two highly complementary copper growth assets in Arizona and strengthens Hudbay’s position as a premier Americas-focused copper company with a pipeline of long‑life, low‑cost assets located in tier-one jurisdictions. The acquisition is expected to enhance Hudbay’s long‑term copper production profile, expand its U.S. growth pipeline, and benefit from increasing demand for domestically produced critical minerals in the U.S.. The acquisition creates the largest copper district in North America and establishes a major copper hub in southern Arizona with the addition of the Cactus project to Hudbay’s existing Arizona business, including the Copper World project.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by Hudbay, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay’s growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The value Hudbay creates and the impact it has is embodied in its purpose statement: “We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.” Hudbay’s mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.
About Arizona Sonoran
ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus project. The Cactus project, on privately held land, contains a large-scale porphyry copper resource and a recent 2025 PFS proposes a generational open pit copper mine with robust economic returns. Cactus is a lower-risk copper development project benefiting from a state-led permitting process, in place infrastructure, highways and rail lines at its doorstep and onsite permitted water access. ASCU’s objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. ASCU is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
Press release: Arizona Sonoran Copper Company Inc. | News
Deal team: Jim Meloche, Charles Pennock, Umer Randhawa
Origin Merchant Partners (“Origin”) announces it acted as Exclusive Financial Advisor to ET Group, a leading Canadian workplace technology and collaboration integrator, on its acquisition by Ricoh Canada Inc., a subsidiary of Ricoh.
This strategic acquisition accelerates Ricoh’s expansion into high‑growth digital services, strengthens its position as a leading provider of end‑to‑end workplace experience solutions in Canada, and reinforces its global strategy to support an evolving workplace environment.
By integrating ET Group’s audiovisual (AV) engineering expertise and long‑standing reputation for designing, delivering and supporting enterprise-wide collaboration environments — particularly within government and other highly regulated sectors — Ricoh further enhances its ability to provide scalable, technology‑driven workplace solutions across Canada.
« Businesses today need secure, seamless, and intelligent workplaces that empower people to collaborate from anywhere, » said Meagan Moody, Country Manager, Ricoh Canada Inc. « ET Group’s proven AV expertise, innovative service model, and deep customer trust are a perfect complement to Ricoh’s digital services portfolio. Together, we can expand our impact and bring new value to organizations navigating increasingly complex workplace needs. »
The acquisition formalizes and expands the existing partnership between Ricoh and ET Group, which will operate as a wholly owned subsidiary of Ricoh Canada. This combined portfolio enables organizations to design, connect, and manage the workplace as a unified, intelligent environment.
About ET Group:
ET Group – a division of Pistil Enterprises Ltd. – is a Toronto-based audiovisual technology company focused on providing workplace technology solutions in North America. Alongside its design and integration expertise, ET Group provides top-tier service and support, as well as learning experiences to coach clients on new hybrid work practices. For 50 years, the company has helped its clients tackle their evolving and complex communication and collaboration challenges by providing workplace technology solutions that support their unique needs.
About Ricoh Company Ltd:
Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces and optimize business performance. Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2025, Ricoh Group had worldwide sales of 2,527 billion yen (approx. 16.8 billion USD).
It is Ricoh’s mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.
Press Release: Ricoh acquires leading Canadian workplace technology and collaboration integrator ET Group
Deal team: Andrew Muirhead, Tedi Gjoleka
Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to the Special Committee of Tornado Infrastructure Equipment Ltd. (TSX-V: TGH) on its definitive agreement to be acquired by The Toro Company (NYSE: TTC).
The transaction is subject to certain antitrust and other regulatory approvals, approval by Tornado’s security holders, and other customary closing conditions, and is currently anticipated to close during The Toro Company’s fiscal 2026 first quarter.
The Toro Company will purchase all of the outstanding shares of Tornado Infrastructure Equipment for $1.92 per share (CAD), or a fully diluted equity value of $279.3 million (CAD), and intends to finance the acquisition with debt from existing credit facilities and additional financial arrangements. The all-cash purchase price is a 4 percent premium on Tornado Infrastructure Equipment’s latest closing share price.
About Tornado Infrastructure Equipment Ltd.
Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oilfield professionals with over 1,900 hydrovacs sold since 2008. The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.6 billion in fiscal 2024, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, American Augers, Subsite, HammerHead, Radius, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations.
Press release: The Toro Company to Acquire Tornado Infrastructure Equipment Ltd.
Deal team: Charles Pennock, Umer Randhawa
Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to CSN Collision (“CSN” or the “Company”) on its partnership with ONCAP.
CSN, one of North America’s leading networks of collision repair centers, announced that it has partnered with ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX), to acquire various collision centers from the founders of CSN, who will remain shareholders in the Company going forward. This transaction marks a pivotal milestone in CSN’s evolution and the beginning of an exciting new chapter in its growth story.
ONCAP brings considerable collision repair and automotive aftermarket services expertise to their partnership with CSN. With ONCAP’s financial backing and the establishment of a scaled platform of corporate-owned collision centers, the Company is now positioned to pursue the acquisition of collision repair businesses of any size.
The partnership strengthens CSN’s position as one of North America’s leading collision repair networks and positions the Company for continued growth that benefits its stakeholders and the industry at large.
About CSN Collision:
Headquartered in Oakville, Ontario and established in 2002 by four industry trailblazers, CSN is one of North America’s leading collision repair networks that is dedicated to helping enhance independent auto body shops. By providing access to direct repair programs of leading insurance partners, preferential procurement programs of key industry suppliers, and ongoing operational training and support from CSN’s in-house team of experts, we empower entrepreneurs to take their shops to the next level. Today, with over 400 global locations, CSN Collision is one of North America’s most advanced networks of independent collision repair shops and continues to expand its presence in Europe. For more information about CSN Collision, visit www.csncollision.com. Are you an auto body shop looking for support? Join the CSN network today.
About ONCAP
Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.
Press release: CSN Collision Partners with ONCAP to Accelerate Growth
Deal team: Artem Krylov, Aaron Kadey, Paul Spafford
Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to TERAGO Inc. (“TERAGO” or the « Company”) in connection with the new term debt facility provided by funds managed by EdgePoint and a private placement of common shares by a group of private investors.
TERAGO entered into a new 36-month term loan with EdgePoint Investment Group Inc. (“EdgePoint”), in the principal amount of US$21.8 million (the “New Term Debt Facility”) to refinance the Company’s existing term debt facility. Concurrently, the Company completed a private placement of common shares of the Company for gross proceeds of approximately $5.3 million (the “Private Placement”) and a rights offering for gross proceeds of approximately $10.6 million (the “Rights Offering”).
The transaction marks an important milestone for TERAGO, strengthening the Company’s balance sheet and providing the financial flexibility and strategic runway to capitalize on its position as the largest holder of mmWave spectrum in Canada.
About TERAGO
TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit www.terago.ca.
Press release: TERAGO Announced Closing of Recapitalization Transactions
Deal team: Mario Di Pietro, Andrei Rojine
Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to TERAGO Inc. (“TERAGO” or the « Company”) in connection with the new term debt facility provided by funds managed by EdgePoint and a private placement of common shares by a group of private investors.
TERAGO entered into a new 36-month term loan with EdgePoint Investment Group Inc. (“EdgePoint”), in the principal amount of US$21.8 million (the “New Term Debt Facility”) to refinance the Company’s existing term debt facility. Concurrently, the Company completed a private placement of common shares of the Company for gross proceeds of approximately $5.3 million (the “Private Placement”) and a rights offering for gross proceeds of approximately $10.6 million (the “Rights Offering”).
The transaction marks an important milestone for TERAGO, strengthening the Company’s balance sheet and providing the financial flexibility and strategic runway to capitalize on its position as the largest holder of mmWave spectrum in Canada.
About TERAGO
TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit www.terago.ca.
Press release: TERAGO Announced Closing of Recapitalization Transactions
Deal team: Mario Di Pietro, Andrei Rojine
Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to The Clover School on its sale to Globeducate, expanding their K-12 network in Canada and worldwide.
Origin worked with The Clover School to run a discreet process focused on finding a good steward for the school, its students and employees, while ensuring value maximization and deal certainty. The Clover School was highly differentiated and sought after due to its stellar reputation, strong local presence and expertise in delivering exceptional academic & social outcomes for its students.
The Clover School is the first Montessori school to join the Globeducate Group in Canada, which also includes Blyth Academy and Toronto Prep School. Students from The Clover School will now have the opportunity to remain within the Globeducate group beyond the age of 12.
About The Clover School:
The Clover School, established in 1996 and led by its founders since inception, welcomes children from toddler age to 12 years. Growing from eight students in 1996 to a vibrant community of nearly 300 children, parents and educators spread across two campuses; the leadership team prides itself on helping children to build resilience and tenacity in both learning and life –young people who are capable of making a positive impact in the world.
About Globeducate:
Globeducate is one of the leading international K12 education groups in the world, a network of 65+ leading bilingual and international schools, as well as online programs, educating more than 40,000 students in 11 countries. The schools specialize in a variety of highly respected international curricula including the National Curriculum for England (from the Early Years to A Level),International Baccalaureate (from the PYP to IBDP), and the regional and national curricula of Ontario, Cyprus, France, India, Italy, Portugal and Spain. Our students achieve high grades and are accepted into higher education programs at 25 of the top 50 universities in the world.
Press release: The Clover School Toronto Joins Globeducate | Montessori & K12 | News Details
Deal team: Shaun Quennell, Alain Miquelon, Gordie Matheson
Tetra Digital Group, one of Canada’s leading digital asset infrastructure providers; parent company of Tetra Trust and Tetra Unity, announced the closing of an investment of approximately $10 million from leading Canadian fintechs and financial service providers, including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank and Shopify. As part of the investment, Tetra, with its partners, is aiming to be the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, subject to regulatory approvals.
This marks the first time in Canada that a regulated financial institution will work towards issuing a stablecoin. The approach will create a reliable, institutional-grade solution for Canadian dollar payments and remittances at scale; aligns with the approach taken by other G7 countries; and maintains the highest standards of Canadian regulatory compliance and consumer protection.
Tetra Digital Group is unique as it combines three highly desirable, differentiated and integrated digital asset components, enabling the company to provide end-to-end digital asset solutions at scale while maintaining the regulatory excellence that institutional clients require.
The new Tetra stablecoin will leverage Tetra Digital Group’s institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency backed 1- for-1 by Canadian dollar reserves.
About Tetra Digital Group:
Tetra Digital Group is Canada’s leading institutional digital technology and financial services provider, parent company of Tetra Trust and Tetra Unity. The company is focused on building world-class digital asset infrastructure that combines regulatory excellence with technological innovation, providing comprehensive solutions across custody, orchestration, and digital currency services. For more information, visit tetratrust.com.
Press release: Tetra Digital Group Aims to Pioneer Regulated Stablecoin Issuance in Canada – Tetra Trust Company
Deal team: Jim Osler, Horacio Facca, Andrei Rojine
Origin acted as the financial advisor to Collectivfide Insurance Group Inc. (“Collectivfide”), a unique insurance group offering centralized services to its independent broker partners throughout their network, on its $65 million growth equity funding to accelerate its acquisition of leading insurance brokerages. In addition to the equity raise, Collectivfide has increased their bank line with a major Canadian bank in support of further acquisitions.
The investment round was led by Farm Mutual Reinsurance Plan Inc. (“Farm Mutual Re”), a 100% Canadian-owned mutual reinsurance company.
The investment was made in-part to finance the acquisition of Miller Insurance Brokers (“Miller”), an Ontario-based independent insurance brokerage offering a comprehensive suite of insurance solutions. The Miller acquisition closed on March 31, 2025 and is Collectivfide’s 14th acquisition since inception.
About Collectivfide
Cambridge-based Collectivfide is in its 6th year of operation and has become a unique insurance group that offers centralized services to broker partners in their network. For more information, visit https://www.collectivfide.com
About Farm Mutual Re
Cambridge-based Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises. For more information, visit https://farmmutualre.com
Press release: Collectivfide Raises $65 Million with Farm Mutual Re as Lead Investor
Deal team: Mark Ernst, Greg Martin, Aaron Kadey
Origin, in collaboration with its Terra Alliance partner, Consensus Advisors (the “Advisors”) were engaged by Spence Diamonds Ltd. (“Spence” or the “Company”), a portfolio company of Lion Capital, as financial advisors on its majority equity investment from TriWest Capital Partners (“TriWest”). TriWest is partnering alongside the existing management team who will continue to lead the business.
The Company is thrilled to partner with TriWest and will continue to focus on changing the diamond buying experience and providing the highest-quality, one-of-a-kind diamond engagement rings to Canadians. Spence is excited to leverage TriWest’s expertise and shared values to continue growing Spence as a leader in the Canadian bridal jewelry market.
About Spence Diamonds Ltd.:
Established in 1978 and based in Vancouver, BC, Spence has been a leader in the Canadian bridal jewelry market for over 40 years, with strong brand recognition and a longstanding history in the Company’s core Canadian markets. Spence is differentiated from traditional jewelry retailers as a result of the Company’s business model which primarily focuses on bridal jewelry, leverages a vertically integrated supply chain, and utilizes an open-showcase / prototype-based showroom – resulting in a superior buying experience. The Company was a leader in bringing Artisan Created Diamonds (i.e. lab-grown) to the Canadian market, with over 2,800 unique engagement ring styles, offered with both mined and Artisan Created Diamonds, proudly made-to-order in Vancouver.
About TriWest Capital Partners:
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over C$1.7 billion in committed capital through seven funds. TriWest has successfully invested in 51 companies across a broad cross-section of the economy in partnership with their management teams. TriWest works closely with its management partners, together proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance and an efficient capital structure. The principals of TriWest have significant operational and financial expertise, making them effective partners in creating shareholder value.
About Lion Capital:
Lion Capital is a consumer-focused investor passionate about investing in brands about which people are passionate. Lion’s principals have invested over €6 billion in over 100 consumer brands since the late 1990s. Lion’s team draws from its deep investing and operating expertise to identify consumer brands with strong growth potential and implement value creating strategies within these businesses.
Press release: TriWest Capital Partners Announces Partnership with Spence Diamonds
Deal team: Jim Osler, Andrei Rojine
Origin Merchant Partners acted as Financial Advisor to CMI Terminal Ltd. (“CMI”) on the sale of its Crop Production Services (“CPS”) business unit, CMI Ag Ltd. (“CMI Ag”), to Rack Petroleum Ltd. (“The Rack”).
CMI’s CPS business was established in 2005 through its joint venture with Agricore United, later to be purchased by Viterra Canada Inc. (“Viterra”). CMI Ag was incorporated in 2013 when CMI acquired Viterra’s 50% interest in the CPS business. CMI has since operated the business as a fully independent dealer in the same location. The sale of the CPS business to The Rack will allow CMI to focus on its core grain handling business, through its interest in CMI Terminal Joint Venture (“CMI JV”).
Founded in west-central Saskatchewan, The Rack is a family-owned agricultural retailer dedicated to helping farmers maximize productivity and profitability. The Rack will operate the CPS business and enhance agronomy services with their Ultimate Yield agronomy platform. Customers will benefit from continued and improved access to crop inputs and production services at a familiar and convenient location alongside CMI JV’s grain terminal.
About CMI Terminal Ltd:
CMI Terminal Ltd. is a producer-owned company that has entered into a joint venture agreement with Viterra Canada Inc. to jointly own and operate an inland grain terminal located near Naicam, Saskatchewan.
About Rack Petroleum Ltd
Rack Petroleum Ltd is an independent agricultural services retailer based in Saskatchewan, Canada, that supplies farmers with a comprehensive range of products and services including fertilizer, crop protection, fuel, agronomy consulting, and proprietary agricultural inputs. The company focuses on helping growers increase efficiency and profitability by combining research, innovation, and customized agronomic advice across its multiple retail locations serving western Canada.
Deal team: Andrew Muirhead, Chris Solda
Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC), announced that it has reached an agreement to sell a portion of its interest in three businesses (the “Transaction”) to the New Fund targeting high-net-worth investors, managed by Brookfield Asset Management.
Brookfield Business Partners will receive units of the New Fund with an initial redemption value of approximately US$690 million, representing an aggregate 8.6% discount to the net asset value of the interests sold.
The Transaction provides the potential for Brookfield Business Partners to monetize a partial interest in three businesses at a value accretive to the trading price of its units and shares, and provides the New Fund with the option to deploy capital in a diversified portfolio.
About Brookfield Business Partners:
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in the company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation.
Press Release :Brookfield Business Partners Announces Sale of Assets to Seed New Evergreen Private Equity Strategy | Brookfield Business Partners
Deal team: Jim Osler, Rob Fedrock, Paul Spafford, Aaron Kadey, Campbell Yelle
Origin was the financial advisor to Closing the Gap Healthcare Group Inc., a leading Canadian home care organization, on its sale to Extendicare Inc. (“Extendicare”), for C$75.5 million subject to customary working capital and other adjustments. Extendicare announced that its wholly owned home healthcare subsidiary, ParaMed completed the previously announced acquisition of all of the issued and outstanding shares of Closing the Gap Healthcare Group Inc. and certain affiliates (collectively, “Closing the Gap”) the ultimate shareholders of Closing the Gap effective July 1, 2025.
ParaMed acquired Closing the Gap on a debt-free, cash-free basis. The transaction also includes an earnout tied to the new business revenue generation in the twelve months after closing. Extendicare anticipates that the additional purchase price from the earnout will be in the range of $3.5 to $5.5 million, payable on the first anniversary of closing.
Shareholders’ transaction objectives included finding a buyer with strong brand alignment, a good steward for the business/employees, value maximization and deal certainty. There are attractive tailwinds for homecare services, helping to meet the growing needs of patients seeking to live better at home. Closing the Gap was further distinguished by a strong commitment to delivering integrated home care to patients and clients across Ontario and Nova Scotia, with outstanding expertise in allied health and pediatric care, as well as a proven track record of partnering with acute care providers to alleviate pressures on hospitals.
About Closing the Gap
Founded in 1990, Closing the Gap is a founder-led, leading, high-quality and compassionate organization that delivers integrated home and community care-based services across Ontario and Nova Scotia. Closing the Gap delivers adult and pediatric care services in patients’ homes and in-person clinics, including the following streams: personal support and home care, nursing, physiotherapy, occupational therapy, speech language pathology, nutrition and social work.
About Extendicare
Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. They are committed to delivering quality care to meet the needs of a growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. They operate a network of 99 long-term care homes (59 owned/40 under management contracts), deliver approximately 11.2 million hours of home health care services annually, and provide group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare proudly employs approximately 27,500 qualified, highly trained and dedicated team members who are passionate about providing high-quality care and services to help people live better.
Press Release : Extendicare Acquires Closing the Gap Healthcare Group
Deal team: Cathy Steiner, Lindsay Adam Weiss
Origin, in collaboration with KMS Capital (the “Advisors”) were engaged by Burgundy Asset Management Ltd. (“Burgundy”), as financial advisors on their sale to BMO Financial Group. Burgundy is a leading independent wealth manager, providing discretionary investment management for private clients, foundations, endowments, pensions and family offices with approximately $27 billion in assets under management, as of May 31, 2025.
BMO Financial Group will acquire 100% ownership in Burgundy for up to C$1,000 million, including C$625 million up front and C$375 million based on attaining certain client retention and asset growth targets. The acquisition of Burgundy will be an expansion of BMO Wealth Management and strengthen BMO’s offering in the Canadian Investment Counsel space catering to high-net-worth and ultra-high-net-worth clients.
About Burgundy Asset Management:
Burgundy Asset Management Ltd. is a global investment management firm with 150 employees, headquartered in Toronto, with additional offices in Montreal and Vancouver. Since its founding in 1990, Burgundy has been dedicated to serving high-net-worth individuals, foundations, endowments, pensions, and family offices. The firm is known for its disciplined quality/value investment approach, focused on protecting and compounding clients’ capital over the long term
About BMO Financial Group:
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally
Press Release : BMO to Acquire Burgundy Asset Management
Deal team: Rob Penteliuk, Charles Pennock, Aaron Kadey
Origin Merchant Partners (“Origin”) acted as the Independent Financial Advisor to the special committee of WonderFi (TSX:WNDR) on its sale to Robinhood (NASDAQ:HOOD).
The two companies entered into a definitive agreement in an all-cash deal amounting to a total consideration of approximately C$250 million. This transaction represents a pivotal step in Robinhood’s expansion strategy, marking its entry into the Canadian market and highlights the new strategic focus on its rapidly growing crypto segment for both its retail and institutional clients. This transaction enhances WonderFi’s journey to bring its technology, innovation, and talent to a broader client base, positioning it to seize new market opportunities and lead Robinhood’s expansion in Canada.
About WonderFi
WonderFi is a leader in centralized and decentralized financial services and products. With over C$2.1 billion in client assets under custody, WonderFi’s regulated trading platforms are well-positioned to service crypto participants across Canada with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare and SmartPay.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors.
Press Release : WonderFi Enters into Definitive Agreement to be Acquired by Robinhood Markets
Deal team: Jim Osler, Tedi Gjoleka
Origin Merchant Partners is pleased to announce that it served as the exclusive investment banking advisor to Marcy Laboratories, Inc. (“Marcy”) on its recapitalization of the Company and partnership with LFM Capital (“LFM”).
Marcy Laboratories is a contract manufacturer specializing in the fragrance industry, providing blending, filling, packaging, and component sourcing services. Marcy serves large fragrance brands, specialty retailers, and other select beauty customers. The Company was founded in 1963 and is based in Glendale Heights, Illinois.
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.
Kevin Morton, President of Marcy, commented: “We are deeply grateful to the Origin team for their thoughtful and unwavering dedication at every stage of the process. Their tireless commitment and genuine partnership were instrumental in delivering an exceptional outcome for our business, and it was a true pleasure working with them. »
Deal team: Nick Newlin, Katie Balson
