HDL Capital

HDL Capital brings the
experience and
tenacity necessary to
close transactions.

HDL Capital brings the experience & tenacity necessary to close transactions.

$2BVALUE OF CLOSED
TRANSACTIONS
200+TRANSACTIONS
CLOSED
25yrsTRANSACTIONS
EXPERIENCE
Whether you are looking to sell or divest, grow through acquisition, or
receive independent review or valuation for a pending transaction,
HDL Capital is your transformational transaction partner.Whether you are looking to sell or divest, grow through acquisition, or receive independent review or valuation for a pending transaction, HDL Capital is your transformational transaction partner.

Canada's Leading Mergers & Acquisitions and Transaction Advisory Experts

Services

Sell-Side Mergers & Acquisitions
HDL is dedicated to helping founders and investors in Canadian companies monetize their investment by arranging Sell-Side M&A and Corporate Carve-Out transactions with Strategic and Financial buyers globally.
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Buy-Side Mergers & Acquisitions
We partner with fast-growing companies looking to augment their organic growth by devising and executing well-conceived buy-side M&A programs, sourcing targets across Canada and across the globe.
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Fairness
Opinions
As one of the only truly independent Advisors in Canada, Management Teams & Boards of Directors rely on HDL to provide comprehensive Fairness Opinions in support of mission critical Private and Public transactions of all sizes.
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Formal
Valuations
We bring the art, science, and experience needed to deliver accurate and actionable valuations for businesses of all sizes. From M&A transactions to regulatory compliance, our Chartered Business Valuators (CBVs) provide comprehensive reports tailored to your needs.
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Transaction News

Buy Side M&A:
HDL arranges Wiltsie purchase by Gincor Werx
HDL is pleased to announce that it has arranged the purchase of Ontario based Wiltsie Truck Bodies for our buy-side M&A client, Gincor Werx. HDL continues to source strategic acquisitions for Gincor in the heavy truck upfitting and services space.
Fairness Opinions:
HDL was engaged by Stoneway, an operator for several large-scale power generation plants across Argentina, to provide CBCA and Fairness Opinions to the Board of Directors, which facilitated the subsequent restructuring.
Sell-Side M&A:
Sale/Carve-out of Distribution Division of AWC Process Solutions Ltd. to FloWorks
HDL advised AWC Process Solutions Ltd. on a carve out of their Distribution Division to Dallas-based FloWorks International, a portfolio company of Wynnchurch Capital, L.P. AWC’s Distribution Division distributes industrial equipment for many world-class manufacturers of pumps, valves, motors, power distribution and other equipment.
Buy-Side M&A:
HDL advised Loft Entertainment on Acquisition of Canadian Music Week
HDL is pleased to announce that it has advised it’s buy side M&A client Loft Entertainment, on the purchase of Canadian Music Week. HDL continues to source strategic acquisitions for Loft Entertainment.
Sell-Side M&A:
$100M Merger/TSX Listing for Givex Corp.
HDL advised the Founders of Givex, a global Gift Card, Loyalty and Cloud-POS Platform, on a public listing on the TSX and a concurrent $22M financing. HDL has also helped Givex source and close on multiple strategic acquisitions.
Fairness Opinions:
HDL was engaged by the Stone, an independent portfolio manager, to provide CBCA and Fairness Opinions to the Board of Directors, which facilitated the Senior Note repurchase and concurrent acquisition by Starlight Capital.
Buy-Side M&A:
Purchase of Drivetec Manufacturing by Gincor Werx
HDL arranged the purchase of Drivetec, a leader in heavy truck service and parts distribution, by HDL's client Gincor Werx. HDL continues to source strategic acquisitions across Canada for Gincor Werx, Canada's largest heavy truck upfitting and manufacturing company.
Sell-Side M&A:
$19M Sale of Intrahealth Systems Ltd. to Well Health Technologies Corp.
HDL worked closely with the Founders and Management of Intrahealth, a world-class Electronic Health Record (“EHR”) management platform, to source a range of offers from Strategic, Private Equity and Financial buyers from around the world.
Sell-Side M&A:
Majority Sale of Byng Group Inc. to Peerage Capital
HDL advised the Founders of The Byng Group, one of Canada's largest multi-family turnover contractors, on a majority sale to Peerage Capital.
Buy-Side M&A:
Purchase of Kalex Equipment Services by Givex Corporation
HDL arranged the purchase of Kalex, an IT service and consulting business specializes in physical and digital retail enablement, by HDL client Givex Corporation, a global Gift Card, Loyalty and Cloud-POS platform.
Sell-Side M&A:
$20M Merger/TSX Listing for Adcore Inc.
HDL advised the Founders Adcore, a leading e-commerce advertising management and automation platform, on a public listing on the TSX and a concurrent $4M financing.
Sell-Side M&A:
$17M Sale of a Majority Interest in Impact Radio Accessories
HDL worked with the Founders of Impact, a world leader in the design and manufacture of communication products for public safety, military, retail, hospitality, construction, healthcare, education, industrial, and entertainment applications, to arrange a sale to a private equity acquiror.
Sell-Side M&A:
$25M Sale of Astley Gilbert
HDL arranged the sale of Astley Gilbert, a national leader in large format printing, to a private equity acquiror.
Sell-Side M&A:
Sale of Production Paint Stripping to MPW Industrial Services
HDL worked with the Founders of PPS, a provider of industrial paint removal and finishing services for the automotive, aerospace and general manufacturing industries, to arrange a sale to Ohio-based MPW Industrial Services.
Buy-Side M&A:
$24M Purchase of Radiant Communications by Comwave Networks
HDL advised Comwave Networks, Canada's largest privately owned telecommunications company, on the purchase of Radiant Communications, a leader in business Internet communication solutions.
Buy-Side M&A:
$20M Purchase of Hickey Freeman by Samuelsohn Ltd.
HDL advised Samuelsohn, a modern men's luxury apparel brand, on purchase of Hickey Freeman assets, making Samuelsohn the largest manufacturer of luxury tailored clothing that is truly made in North America.
Buy-Side M&A:
$10M Purchase of The Works by Fresh Brands Inc.
HDL management advised Fresh Brands Inc. on its purchase of The Works Gourmet Burger Bistro, a fast growing chain full service restaurant locations.
Sell-Side M&A:
$12M Sale of KGK Science Inc. to Auxly Cannabis Group Inc.
HDL advised KGK, a leading contract research organization offering clinical trial services and regulatory consulting for the cannabis, dietary supplement, functional food, beverage, ingredient and cosmetic industries, on a sale to Auxly.
Sell-Side M&A:
$20M Merger/TSX-V Listing for Lendified Holdings Inc.
HDL advised the Founders of Lendifed, a lending platform providing working capital loans to small and medium-sized businesses across Canada, on a public listing on the TSX-V and concurrent equity placement.
Financing:
$19M Debt & Equity Placement for Flexiti
HDL arranged a $19M in debt and equity placements for Flexiti, one of Canada's fastest growing point-of-sale lenders.
Financing:
$8M Private Placement for Cricket Media Inc.
HDL arranged an $8M private placement for Cricket, a global education company creating high-quality print and online learning products for children, families, mentors, teachers, and partners.
Financing:
$5M Debt Placement for Zone.tv
HDL arranged a $5M venture debt placement for Zone.tv, the leader in interactive application experiences for TV.
Financing:
$60M in Private Debt Placements for Mortgage Company of Canada
HDL advised MCOCI, a private mortgage investment corporation, on a series of debt placements to grow its mortgage portfolio.
Financing:
$2.5M Debt Placement for Thentia Corporation
HDL arranged a $2.5M venture debt placement for Thentia, an industry-leading govtech platform provider.
Financing:
$17M in Private Debt Placements for Vault Mortgage Corporation
HDL advised Vault, a non-bank alternative mortgage lender offering first and second residential and commercial mortgages, on a series of debt placements to grow its mortgage portfolio.
Financing:
$22M in Private Placement for Points West Living
HDL partnered with a group of advisors to complete a $22M equity private placement for Points West Living, a leading provider of quality Senior's supportive living space in Western Canada.
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Insights

How Confidentiality Kills large
How Confidentiality Kills M&A Deals (and Companies) if Not Handled Properly
Vijay Malhotra covers the importance of confidentiality in an M&A transaction, and how it can prove to be a key success factor in closing a deal.
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Selling 100% and Walking Away: No Longer the Only Way to Manage Succession.
Beyond-The-Balance-Sheet-What-Determines-Value
Beyond the Balance Sheet: What Really Determines a Company’s Value on a Sale
how-to-sell-banner-tablet
How to Sell a Business in 4 Months
Tyler Lang covers the process of how to sell a business in 4 months. Keep a sales process on the rails towards a quick & relatively painless closing.
preventable-pitfalss
Top 5 (Preventable) Pitfalls When Selling Your Business
Top 5 (Preventable) Pitfalls when you sell your business. Rob Munro shares some insights on what it takes to get a deal done.
uncensored-guide
The (Un)censored Guide to Selling Your Business
Rob Munro shares the (Un)censored guide to selling your business with straight-up insights from the trenches on what to really expect.
boom
The Mother of All M&A Deal Killers
Tyler Lang shares insights and mitigations on what HDL views as a significant threat to succesful deal closings.
what-to-do
What to do When the Chairlift Ride Turns Into a Rollercoaster Ride?
Tyler Lang shares 10 proven tips to selling a business that has experienced an anomaly in its top and bottom line due to Covid.
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