Completed Transactions
Below is a selection of transactions led and closed by the Partners of WD Capital. We have likely done one (or many) transactions in your space, so please reach out to discuss what unique experience we can bring to the table.
Buy Side M&A: WDC arranges Wiltsie purchase by Gincor WerxWDC 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. WDC continues to source strategic acquisitions for Gincor in the heavy truck upfitting and services space.
"Gincor is very pleased to complete our second acquisition with WDC as our Buy-Side M&A Advisor. In addition to building and managing a strong funnel of targets over the past couple of years, WDC has served as a valuable extension to our Finance team, working to strengthen banking relationships and position Gin-Cor for a series of larger transactions in the coming years."
Sell-Side M&A: Sale/Carve-out of Distribution Division of AWC Process Solutions Ltd. to FloWorksWDC 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.
"We appreciate WD Capital's efforts in successfully selling a division of our company as a carveout. Their ability to identify a buyer that perfectly matched our needs and objectives was excellent. Throughout the process, WD Capital provided sound advice, guiding us through each step with professionalism and expertise. Their support was very valuable, and we recommend their services to anyone seeking reliable and effective advisory assistance."
Sell-Side M&A: $100M Merger/TSX Listing for Givex Corp.WDC 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. WDC has also helped Givex source and close on multiple strategic acquisitions.
"WD Capital has been a valued Buy-Side M&A advisor to Givex for many years. They have helped us source, structure and close multiple acquisitions that have contributed meaningfully to our revenue growth and service offering. WDC also arranged our public listing on the TSX, bringing together a high quality group of financial and legal advisors and spearheading a successful $22M equity raise."
Buy-Side M&A: Purchase of Drivetec Manufacturing by Gincor WerxWDC arranged the purchase of Drivetec, a leader in heavy truck service and parts distribution, by WDC's client Gincor Werx. WDC 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.WDC 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.
"We were very happy to work with WD Capital to sell our company—particularly after being approached directly by buyers and wasting so much time and effort on unsuccessful outcomes. WD Capital worked diligently to prepare us for market, providing a clear and compelling picture of the business, which lead to numerous offers internationally. They kept the closing process moving to a successful outcome."
Fairness Opinions: Provided Opinions to Stoneway Capital Corporation for Restructuring of Over $1 Billion of Senior Debt.WDC 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.
Fairness Opinions: Provided Opinions to Stone Asset Management Limited for Repurchase of $12M of Senior Notes and Share PurchaseWDC 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.
Sell-Side M&A: Majority Sale of Byng Group Inc. to Peerage CapitalWDC advised the Founders of The Byng Group, one of Canada's largest multi-family turnover contractors, on a majority sale to Peerage Capital.
"The team at WD Capital took the time to fully understand our business objectives and quickly prepare us for market. They attracted a range of Canadian and International prospects. Through the process, we were able to find a partner that checked all of the boxes, allowing us to take the Company into its next chapter."
Buy-Side M&A: Purchase of Kalex Equipment Services by Givex CorporationWDC arranged the purchase of Kalex, an IT service and consulting business specializes in physical and digital retail enablement, by WDC client Givex Corporation, a global Gift Card, Loyalty and Cloud-POS platform.
Sell-Side M&A: $20M Merger/TSX Listing for Adcore Inc.WDC 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 AccessoriesWDC 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 GilbertWDC 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 ServicesWDC 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.
"We are beyond pleased with the outcome of this sale process led by WD Capital. MPW Industrial is an ideal partner to take PPS to the next level. WD Capital persisted through a challenging COVID environment and was able to exceed all of our financial and retirement objectives."
Buy-Side M&A: $24M Purchase of Radiant Communications by Comwave NetworksWDC 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.WDC 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.WDC 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.WDC 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.WDC 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 FlexitiWDC 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.WDC 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.tvWDC 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 CanadaWDC 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 CorporationWDC arranged a $2.5M venture debt placement for Thentia, an industry-leading govtech platform provider.
Financing: $17M in Private Debt Placements for Vault Mortgage CorporationWDC 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 LivingWDC 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.
Buy-Side M&A: $250M Purchase of Media Property by Ethical Capital PartnersWDC advised a Canadian Private Equity Group on its acquisition of both debt and equity of a global media company. WDC successfully aided a complex transaction with tight deadlines, requiring meticulous coordination among shareholders, legal teams and advisors across different jurisdictions.
