Origin Merchant Partners is pleased to announce the successful sale of CGI Automated Manufacturing, Inc. (“CGI”) to CORE Industrial Partners. Origin Merchant Partners acted as the exclusive financial advisor to CGI Autmoated Manufacturing, Inc.
CGI is a leading provider of complex sheet metal production parts, assemblies and weldments for a variety of end markets, including electrical transmission and distribution, medical, food, lighting and industrials.
CORE Industrial Partners is a Chicago-based private equity firm with more than $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce that CareRx Corporation (“CareRx”) has closed its previously announced acquisition of the Long-Term Care Pharmacy Division of Medical Pharmacies Group Limited (“MPGL”). Origin Merchant Partners acted as the financial advisor to CareRx on this transaction.
CareRx (TSX:CRRX) is one of Canada’s leading and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors, operating a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services. With services that address the growing demand within the Canadian healthcare system, CareRx’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
MPGL is one of Canada’s leading continuing care pharmacies, providing services and support to complex continuing care residents and clients across Ontario, Alberta and British Columbia. MPGL also provides specialty pharmacy services and support to physician and specialist clinics, hospitals and other care institutions.
Origin Senior Leads: Tedi Gjoleka, Jim Osler, Jim Meloche, Cathy Steiner
Origin Merchant Partners is pleased to announce that Zen-Noh Grain Corporation (“ZGC”) has divested certain U.S. grain handling facilities to Viserion Grain, LLC (“Viserion”). This divestiture is in connection with ZGC’s acquisition of multiple grain facilities from Bunge, a transaction announced in spring of 2020. Origin Merchant Partners acted as exclusive financial advisor to ZGC with respect to the divestiture.
ZGC is the U.S. subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh. ZGC trades and exports corn, soybeans, sorghum, wheat, and bi-products from its state-of-the-art export elevator located at mile 164 on the Mississippi River in Convent, Louisiana to Japan and other global markets. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA.
Viserion is a newly formed subsidiary of Viserion International Holdco, LLC (“Viserion International”), a global agricultural merchant based in Boulder, Colorado backed by Pinnacle Asset Management, L.P. (“Pinnacle”), and is expected to manage a portfolio of strategic grain storage and handling facilities.
Origin Senior Leads: Andrew Muirhead, Christopher Solda
Origin Merchant Partners is pleased to announce that CareRx Corporation (“CareRx”) has acquired Rexall Pharmacy Group’s long-term care pharmacy business in Ontario and Northern Alberta. CareRx adds approximately 4,000 senior care residents to its network through this acquisition, for a total of approximately 56,000 residents in over 950 seniors and other congregate care communities. Origin Merchant Partners acted as the financial advisor to CareRx on this transaction.
CareRx (TSX:CRRX) is one of Canada’s leading and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors, operating a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services. With services that address the growing demand within the Canadian healthcare system, CareRx’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Rexall Pharmacy Group is a chain of retail pharmacies in Canada that operates Rexall and Rexall Pharma Plus in Central and Western Canada. Rexall is owned by McKesson Canada Corporation, which is a subsidiary of McKesson Corporation, a U.S.-based public company.
Origin Senior Leads: Tedi Gjoleka, Jim Osler, Jim Meloche, Cathy Steiner
Origin Merchant Partners is pleased to announce that Kitchen Partners Limited (“Kitchen Partners”) has entered into a strategic partnership with Homestyle Selections LP (“Homestyle Selections”). Origin Merchant Partners acted as exclusive financial advisor to Kitchen Partners with respect to this transaction.
Kitchen Partners is a leading Canadian supplier of high quality custom food solutions in the hot and cold stirred food category, producing over 9 million kilograms annually of soups and sauces, dips and dressings, marinades, appetizers, gravies, fillings, entrées and sides, for some of Canada’s largest restaurant chains and food retailers.
Homestyle Selections is a Canadian headquartered platform of food processing companies that supports your local grocery and food service establishments across Canada and the US, and includes Freshstone Brands and Tiffany Gate.
Origin Senior Leads: Jim Osler, Lindsay Weiss.
Origin Merchant Partners is pleased to announce that Walter Global Asset Management (“Walter GAM”) has acquired a majority interest in Bonnefield Financial Inc. (“Bonnefield”)
Bonnefield is a leading Canadian farmland investor and is the foremost provider of land-lease financing for farmers in Canada. The firm’s investors are individuals and institutional investors who are committed to the long term future of Canadian agriculture.
Walter GAM is a globally diversified private equity firm with a best-in-class business platform. The firm builds customized, long-term partnerships with a select group of portfolio companies that operate within the asset management industry and share the goal of sustained and profitable growth.
Origin Merchant Partners acted as exclusive financial advisor to Bonnefield with respect to this transaction.
Origin Senior Leads: Andrew Muirhead, Rob Penteliuk
Origin Merchant Partners is pleased to announce that Dapasoft Inc. (“Dapasoft”) , including Dapasoft and its wholly owned subsidiary, iSecurity, has been acquired by Calian Group Ltd (“Calian”). Origin Merchant Partners acted as exclusive financial advisor to Dapasoft with respect to this transaction.
Dapasoft is trusted by North American healthcare providers, payors, and application developers to power their solutions, integrating a wide variety of EHR, EMR, and other clinical and analytics systems. Dapasoft’s wholly owned subsidiary, iSecurity delivers world-class enterprise solutions that manage cybersecurity risk while addressing unique regulatory requirements and critical infrastructure.
Calian (TSX: CGY) Calian employs over 4,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through: Advanced Technologies, Health, Learning, and IT and Cyber Solutions.
Origin Senior Leads: Cathy Steiner, Lindsay Adam Weiss, Shaun Quennell
Origin Merchant Partners is pleased to announce that ASL Distribution Services Limited (“ASL”) has been acquired by Fastfrate Group (“Fastfrate”). Origin Merchant Partners acted as exclusive financial advisor to ASL with respect to this transaction.
ASL is an asset and non-asset based full-service third-party logistics (3PL) provider. Established in 1959, ASL provides companies with seamless customized logistical solutions, utilizing its own fleet of trucks and partner carriers. ASL also performs “Final Mile” home & office deliveries, delivering e-commerce fulfillment orders direct to consumers, and freight management services through its brokerage division.
Fastfrate is a Canadian owned and operated transportation services business, with diversified offerings to support every aspect of their customers’ supply chain. The company has over fifty years of service, and owns facilities, adjacent to CP rail yards, in major centers from Vancouver, BC to Halifax, NS.
Origin Senior Leads: Jim Osler, Robert Fedrock
Origin Merchant Partners is pleased to announce that Mogo Inc. (Mogo) has executed a definitive agreement to acquire 19.9% ownership of the outstanding common shares of Coinsquare Ltd. (Coinsquare), with the option and warrants to increase its interest to 43% at valuations for Coinsquare ranging from $250-350 million. Origin Merchant Partners is the exclusive financial advisor to Coinsquare’s Independent Committee on this transaction.
Coinsquare Since 2014, Coinsquare has provided digital asset traders a proprietary trading platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin and other digital assets. Coinsquare’s products and services also include Coinsquare Wealth for qualified individuals and institutions.
Mogo (NASDAQ:MOGO) (TSX:MOGO) empowers its more than one million members with simple digital solutions to help them manage their financial health. Through the Mogo app, consumers can access a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, and get free monthly credit score monitoring, ID fraud protection, and personal loans.
Origin Senior Lead:Â Jim Osler
Origin Merchant Partners is pleased to announce Automotive Finco Corp. (“Auto Finco”) has reported that under the terms of its substantial issuer bid, it expects to take up and purchase for cancellation approximately 3.3 million common shares representing approximately 14.3% of its issued and outstanding common shares. Origin Merchant Partners provided a Liquidity Opinion to the Board of Directors with respect to this transaction.
Auto Finco (TSX-V: AFCC) is a finance company focused exclusively on the auto retail sector. Through its investment in Automotive Finance LP, Auto Finco has exposure to a business providing long term, debt- based acquisition financing to auto dealerships across the globe, with an initial focus on Canada. In addition to its interest in Automotive Finance LP, Auto Finco may also pursue other direct investments and financing opportunities across the auto retail sector.
Origin Senior Leads:Â Charles Pennock, Jim Osler
Origin Merchant Partners is pleased to announce that Dealnet Capital Corp. (“Dealnet”) has been acquired by Simply Group Capital Corp (“Simply Group”) in a transaction valued at $243 million. Origin Merchant Partners acted as exclusive financial advisor to Dealnet with respect to this transaction.
Dealnet is a specialty finance company servicing the $20 billion Canadian home improvement finance market through both dealer-based and direct homeowner-based originations of secured finance assets.
Simply Group provides industry leading, high-efficiency, home comfort equipment and financing solutions to customers, to modernize their residential, commercial and industrial properties.
Origin Senior Leads:Â Jim Osler, Lindsay Adam Weiss, Shaun Quennell
Origin Merchant Partners is pleased to announce that LifeSpeak Inc. (“Lifespeak”) has raised $42 million in an equity investment from a syndicate including Round13 Growth Fund, Roynat Capital, and Kensington Capital Partners. Origin Merchant Partners was the exclusive financial advisor to LifeSpeak with respect to this transaction.
LifeSpeak is a leading digital mental health and wellness education platform, providing employees, health plan members and their families with remote access to leading experts in mental health, physical wellness, financial health, family relationships and professional skills development, through a proprietary collection of content and tools. A North American leader in well-tech, LifeSpeak has a well-established 16 year track record of effectiveness, engagement and client retention.
Round13 Growth Fund (“Round13”) invests in Canadian based growth opportunities including those in technology and healthcare, as well as more traditional industries where there is an opportunity for technology enablement. Round13 helps to bridge the late-stage growth funding gap in Canada between traditional venture capital and public market investors.
Roynat Inc.(“Roynat”) is a wholly owned subsidiary of Scotiabank, one of North America’s premier financial institutions and Canada’s international bank. Roynat provides alternative financing solutions to Canadian mid-market businesses.
Kensington Capital Partners (“Kensington”) is a leading Canadian alternative investment firm with $ 1.5 billion in assets under management. Kensington’s portfolio of innovative investments includes diversified funds focused on private equity, venture capital, infrastructure assets and hedge funds.
Origin Senior Leads:Â Mario Di Pietro, Cathy Steiner, Christopher Solda
Origin Merchant Partners is pleased to announce that Village Farms International, Inc. (“Village Farms”) has announced it has entered into a definitive purchase and sale agreement with Emerald Health Therapeutics, Inc. (“Emerald”) to acquire the remaining common shares of Pure Sunfarms Corp. (“Pure Sunfarms”) from Emerald for $79.9 million. Upon completion of the transaction, Village Farms will own 100% of the common shares of Pure Sunfarms. Origin Merchant Partners acted as the exclusive financial advisor to Village Farms on this transaction.
Village Farms (TSX:VFF, NASDAQ: VFF) is one of the largest and longest-operating greenhouse growers in North America, and is leveraging its decades of experience as a large-scale, low-cost intensive agriculture and vertically integrated produce supplier to pursue high-value, high-growth plant-based Consumer Packaged Goods opportunities in cannabis and CBD in North America and selected markets internationally.
Pure Sunfarms is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer, one of the best-selling brands, and has generated profitability for six consecutive quarters.
Origin Senior Leads: Jim Osler, Jim Meloche
Origin Merchant Partners is pleased to announce that Birch Hill Equity Partners has made an investment in Yorkville Education Company (“Yorkville”). Origin Merchant Partners acted as exclusive financial advisor to Yorkville with respect to this transaction.
Yorkville Education Company, is the parent company of Yorkville University and Toronto Film School. Yorkville University is a private for-profit university established in 2003 in New Brunswick, providing a variety of career-focused degree programs to students across Canada. Toronto Film School is a for-profit post-secondary institution based in Toronto, Ontario. The school offers creative diploma programs in the areas of film, entertainment, fashion, design, and video games.
Birch Hill Equity Partners is a Toronto-based mid-market private equity firm with a 25-year history of driving growth in their portfolio companies and delivering returns to investors
Origin Senior Leads:Â Jim Osler, Jim Meloche
Origin Merchant Partners is pleased to announce that Mobile Klinik has been acquired by TELUS Corp. Origin Merchant Partners acted as exclusive financial advisor to Mobile Klinik with respect to this transaction.
Mobile Klinik is Canada’s largest and fastest-growing professional while-you-wait smartphone and tablet repair, care and services retail chain with 81 stores across Canada.
TELUS is a dynamic, world-leading communications and information technology company with more than 15 million customer connections spanning wireless, data, IP, voice, television, entertainment, video and security.
Origin Senior Leads: Mario Di Pietro, Mark Ernst
Origin Merchant Partners is pleased to announce that WildBrain Ltd. (“WildBrain”) has successfully completed its $25 million exchangeable debenture financing by Fine Capital Ltd. (“Fine Capital”). Origin Merchant Partners acted as financial advisor to the Corporate Finance Committee on its debenture financing by Fine Capital Partners L.P.
WildBrain Ltd. (TSX:WILD) Canadian media production and brand licensing company, specialising in content for kids and families. With approximately 13,000 half-hours of filmed entertainment in their collection, their shows are seen in more than 150 countries on over 500 telecasters and streaming platforms. Their AVOD business – WildBrain Spark – offers one of the largest networks of kids’ channels on YouTube, with over 168 million subscribers. WildBrain licenses consumer products and location-based entertainment in every major territory for their own properties as well for clients and content partners. WildBrain television group owns and operates four family entertainment channels that are among the most-viewed in Canada.
Fine Capital Partners L.P., is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It invests in the public equity markets of the United States. The firm uses long and short equity strategy to make its investments. It employs fundamental analysis to make its investments. The firm obtains external research to complement its in-house research. Fine Capital Partners, L.P. was founded in 2004 and is based in New York City.
Origin Senior Lead: Jim Osler
Origin Merchant Partners is pleased to announce that Centric Health Corp. (“Centric”) has successfully completed the acquisition of Remedy Holdings Inc. and Remedy’sRx Specialty Pharmacy Business (“Remedy”). Origin Merchant Partners acted as the financial advisor to Centric on this transaction.
Centric Health (TSX:CHH) is one of Canada’s leading and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services. Following the acquisition Centric will serve more than 50,000 residents in over 800 seniors’ communities (long-term care, retirement homes, and assisted living facilities) nationally. With services that address the growing demand within the Canadian healthcare system, Centric Health’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Remedy Holdings Inc. provides medication management services to approximately 19,300 residents in over 400 long term care, assisted living, independent living, retirement, and group homes. Remedy’sRx Specialty Pharmacy operates 13 pharmacies across Ontario, Alberta and British Columbia.
Origin Senior Leads:Â Jim Meloche, Jim Osler, Cathy Steiner, Tedi Gjoleka
Origin Merchant Partners is pleased to announce Centric Health Corp. (“Centric”) has completed a term loan financing of up to $30 million by Crown Capital Partners Inc. (“Crown”), an investment fund managed by Crown and in which Crown holds an approximate 39% interest.
Origin Merchant Partners and Origin Merchant Securities Inc. acted as the financial advisor to Centric in both of these transactions respectively.
Centric Health (TSX:CHH) is one of Canada’s leading, and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric operates a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 460 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. With services that address the growing demand within the Canadian healthcare system, Centric’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Crown Capital Partners Inc. (TSX:CRWN) is a specialty finance company focused on providing capital to middle-market companies that are seeking alternatives to banks and private equity funds. Crown provides customized solutions in the form of loans, royalties, and other structures with minimal or no ownership dilution. In addition to deploying capital as a principal investor, Crown develops, manages and co- invests in alternative investment funds, including Crown Partners Fund and Crown Capital Power Fund.
Origin Senior Leads:Â Jim Meloche, Jim Osler, Cathy Steiner, Tedi Gjoleka
Origin Merchant Partners is pleased to provide a Fairness opinion to the Special Committee of the Board of Directors of Temple Hotels Inc. (“Temple”) with respect to a proposed acquisition by Morguard Corporation (“Morguard”) for all of the outstanding shares of Temple that it does not already own.
Temple Hotels Inc. is a hotel investment company with hotel properties located in primary and secondary markets across Canada. Its’ headquarters are located in Winnipeg.
Morguard Corporation is a fully integrated real estate company. Morguard owns, manages and invests in high-quality, well-located, geographically diversified assets across North America. With 40 years of experience and a dynamic team of 1,500 professionals, their commitment is to realize the potential of real estate through value creation and operational excellence. Morguard’s total assets owned and under management is valued at $21.3 billion.
Origin Senior Lead:Â Charles Pennock
Origin Merchant Partners is pleased to announce that it acted as exclusive financial advisor to the Board of Director’s Independent Committee of a major US aerospace company on a strategic asset purchase. This mandate was undertaken on a confidential basis.
Origin Senior Leads: Charles Pennock, Jim Osler
