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 Senior Leads: Charles Pennock, Jim Osler, Jim Meloche.
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 Senior Leads: Charles Pennock, Jim Osler, Jim Meloche.
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 Senior Leads: Jim Meloche, Shaun Quennell.
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 Senior Leads: Andrew Muirhead, Shaun Quennell.
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 Senior Leads: Darren Williams, Tedi Gjoleka.
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 Senior Leads: Andrew Muirhead and Christopher Solda.
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 Senior Leads: Cathy Steiner, Mario Di Pietro.
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.
Origin Senior Leads: Cathy Steiner, Jim Osler.
Origin Merchant Partners (“Origin”) is pleased to announce that Pacoma Holding S.a.r.l’s (“Pacoma”) hydraulic cylinder technology businesses have been acquired by Precision Hydraulic Cylinders (“PHC”), a subsidiary of Leggett & Platt, Inc (“Leggett”).
Pacoma is a leading global manufacturer of hydraulic cylinders and at the forefront of actuator position measuring technologies primarily for off-highway vehicle applications in the construction industry with expertise built over the past four decades. The company is headquartered in Germany, with manufacturing locations in Germany and China and a distribution facility in Halifax, Pennsylvania.
Leggett is a global, publicly listed manufacturer of engineered components for a wide range of industrial, commercial and consumer markets. In January 2018, Leggett entered the hydraulic cylinders industry by acquiring PHC.
PHC is a global manufacturer of hydraulic cylinders primarily for material handling applications and specializing in smaller-diameter, short lead-time, single acting cylinders.
Origin Senior Leads: Bill Doepke, Adam Smith.
Origin Merchant Partners (“Origin”) is pleased to announce that Daman Products Company (“Daman”) has been acquired by Helios Technologies (NYSE:HLIO) (“Helios”).
Daman is a recognized leader in complex manifold design and machining of precision hydraulic manifolds and related fluid conveyance products, which are used in numerous hydraulics applications for industrial and mobile markets. Founded in 1976 and based in the US, Daman has established leading market share in the standard manifold niche market segment, as well as in custom designed integrated solutions.
Helios is a global leader in highly engineered motion control and electronic controls technology for diverse end markets. Its products are sold to customers in over 90 countries around the world. Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges.
Origin Senior Leads: Nick Newlin, Adam Smith.
Origin Merchant Partners is pleased to announce the successful sale of Block Steel Corp. (“Block Steel”) and Samson Roll Formed Products Company (“Samson”) to Atlas Steel Products (“Atlas”)
Block Steel is recognized as one of the largest aluminized steel processors and distributors in North America. The Company serves multiple major markets, including automotive/truck, fireplace/HVAC and BBQ/appliance.
Samson is one of the oldest and largest contract roll forming companies in the United States, and has designed, developed, and engineered tooling for more than 2,000 roll formed shapes ranging in complexity from simple angles and channels to more exotic profiles.
Atlas is a leading, US-based stainless and aluminized steel service center, providing precision processed steel and world-class tubing used in a wide variety of applications for different industries.
Origin Senior Leads: Bob Wujtowicz, Scott Sims.
Origin Merchant Partners is pleased to announce that eCycle Solutions (“eCycle”), 100% owned by Horizon Capital Holdings (“Horizon”), has been acquired by JX Nippon Mining & Metals (“JX”). Origin Merchant Partners acted as exclusive financial advisor to eCycle/Horizon with respect to this transaction.
eCycle is a leading Canadian e-waste recycler with fully-integrated operations across Canada and, by focusing on the circular economy, diverts 96% of processed e-waste from entering landfills.
Horizon Capital Holdings is an investment arm of the Martin Family Office.
JX is a leading Japan-based supplier of consumable electronic materials and part of the JX Group, a global enterprise active in a wide array of businesses including petroleum products, non-ferrous metals and specialty electronic materials.
Origin Senior Leads: Lindsay Adam Weiss, Robert Fedrock.
Origin Merchant Partners is pleased to announce the successful sale of Elite Manufacturing Technologies (“Elite”) to CGI Automated Manufacturing (“CGI”), a portfolio company of CORE Industrial Partners (“CORE”).
Elite combines value-added design engineering services with broad in-house primary fabrication capabilities serving certain highly demanding end markets, including gaming, telecom, and medical. Located in Bloomingdale, Illinois, Elite operates two facilities across 145,000 square feet.
CORE is a private equity firm with more than US$700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce that Think Research Corporation (“Think”) has closed an initial advance of $10 million from Beedie Investments Ltd (“Beedie”) under a convertible loan facility of up to $25 million. Origin Merchant Partners was the exclusive financial advisor to Think with respect to this transaction.
Think (TSXV: THNK) (OTCQB: THKKF) is focused on transforming healthcare with their evidence-based digital health software solutions, aiming to deliver the latest clinical information and data to empower clinicians. The Company is a trusted health system partner to a global client base that spans five continents across more than 13,000 healthcare facilities, rapidly growing through organic growth and a highly acquisitive strategy.
Beedie is the private equity arm managing the alternative investments and assets for Beedie Development Group (Real Estate Development). Beedie provides flexible financing solutions to companies seeking growth capital for acquisitions, new product launches, sales and marketing efforts and other strategic initiatives.
Origin Senior Leads: Cathy Steiner, Jim Meloche
Origin Merchant Partners is pleased to announce that Trafalgar Addiction Treatment Centre Inc. (“Trafalgar”) has been acquired by Canadian Addiction Treatment Centres (“CATC”). Origin Merchant Partners acted as exclusive financial advisor to Trafalgar with respect to this transaction.
Trafalgar is an industry-leading addiction treatment provider founded in 2013 to provide Cognitive Behavioural Therapy based protocols to address addictions and concurrent mental health disorders. Trafalgar’s programs, both inpatient and virtual, are accredited by the Commission on Accreditation of Rehabilitation Facilities with the virtual outpatient programming being the first of its kind to receive such accreditation.
CATC was founded in 1995 with the mission to expand access to evidence-based addiction treatment for people suffering from opioid use disorder. CATC offers a comprehensive care model designed to meet the broader health needs of patients including Methadone and Suboxone assisted therapy, harm reduction services, basic primary care, and inpatient treatment such as at their GreeneStone residence.
Senior Leads: Charles Pennock, Cathy Steiner
Origin Merchant Partners is pleased to announce that Powerline Plus Ltd. and PLP Redimix, Ltd. (collectively “Powerline”) have been acquired by MYR Group Inc. (“MYR Group”). Origin Merchant Partners acted as exclusive financial advisor to Powerline with respect to this transaction.
Powerline is a leading full-service electrical distribution construction company, headquartered in Toronto, Ontario. Founded in 1990, Powerline has grown in both size and stature, rapidly moving to the forefront of its industry. With a scope of operations that encompasses engineering and design, civil, electrical and distributed generation and other services, Powerline provides innovative, reliable, and cost-effective solutions, tailored to customer budgets, timelines, and environmental pressures.
MYR Group (NASDAQ: MYRG) is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and Canada, with the experience and expertise to complete electrical installations of any type and size.
Origin Senior Leads: Darren Williams.
Origin Merchant Partners is pleased to announce that Braeburn Systems LLC (“Braeburn”) has been recapitalized by a strategic investor.
Braeburn, founded in 2001, is a designer and manufacturer of high-tech digital electronics, available to contractors via its global network of HVACR distributors.
Origin Senior Lead: Bob Wujtowicz
Origin Merchant Partners is pleased to announce that CHS Inc. (“CHS”) has divested CHS Larsen Cooperative, a collection of certain Wisconsin-based agricultural service assets, to Country Visions Cooperative (“CVC”). Origin Merchant Partners acted as exclusive financial advisor to CHS with respect to the divestiture.
CHS is a St. Paul, Minnesota based global agribusiness, owned by farmers, ranchers and cooperatives across the United States, and generating more than US$38 billion in revenue in FY2021. The company is committed to creating connections to empower agriculture and helping its owners and customers grow their businesses.
Country Visions Cooperative is a leading agriculture based cooperative, which owns and operates convenience stores and country stores across Eastern Wisconsin. CVC also offers a range of agronomy, grain, energy, and feed products and services to a variety of commercial customers and businesses. The company is committed to the growth of its community and its members.
Origin Senior Leads: Andrew Muirhead, Shaun Quennell.
Origin Merchant Securities Inc. is pleased to announce that Clik2Pay has successfully completed its Series A Financing. The investment round includes a lead investment by Celina Capital Corporation, as well as several of the company’s existing investors and additional private individuals. With this financing, Clik2Pay has raised over $7 million of seed and early stage capital to fund the completion of its pilot projects and commercial launch of its product. The Origin Merchant Principals Fund was a seed round investor and Origin Merchant Securities Inc. acted as the exclusive financial advisor to Clik2Pay with respect to the Series A financing.
Clik2Pay is Canada’s first real-time payments service delivering low cost, real-time payment solutions to businesses of all sizes. Clik2pay’s innovative service lets customers easily pay from their bank account by text, e-mail or QR code. The company provides a long-awaited alternative to expensive options like credit card and cheque, and legacy systems such as the existing bill pay network and pre-authorized debits.
Celina Capital Corporation was established in 2017 to make direct investments in entrepreneurial companies and diverse real estate assets. The firm invests its proprietary, long-term capital in growth-driven management teams that need an experienced financial partner to support their strategic objectives.
Origin Senior Leads: Mark Ernst, Jim Osler
