Canada Deal News - Oct 15
Strategic buyers and capital allocators are back in force—now’s the time to benchmark your worth and prep your narrative.
🇨🇦 National Deal Watch
This week’s deal flow sets new valuation benchmarks for Canadian founders and owner-operators, especially in infrastructure, energy, and healthcare. Use these comps to sharpen your own exit or capital-raise strategy.
Mega-Deal: AI Consortium (BlackRock, Nvidia, Microsoft, xAI) Buys Aligned Data Centers for US$40B A heavyweight group—BlackRock, Nvidia, xAI, and Microsoft—just acquired Aligned Data Centers for US$40B. The Artificial Intelligence Infrastructure Partnership (AIP) is deploying US$30B in equity (with up to US$100B including debt), targeting hyperscale and AI-driven infrastructure.
So what? This sets a new bar for data centre and digital infra multiples. If your business has recurring, infrastructure-like cash flows or AI enablement, this is your comp. Strategic buyers are paying up for scale, long-term demand, and defensible margins.
Action: Benchmark your growth story and cash flow quality—buyers are rewarding “must-have” infrastructure. - Source
123Dentist Acquires MCA Dental Group (27 Locations)123Dentist is acquiring MCA Dental Group’s 27 clinics across Ontario and Québec. No price or multiple disclosed, but the roll-up trend continues.
So what? Multi-site healthcare operators remain attractive—regional scale and density drive buyer interest.
Action: If you operate multiple locations, lean into your EBITDA margins and recent peer deals to set expectations.- Source
Early-Stage: Dominion Dynamics Raises $4M Pre-Seed for Arctic Sensor NetworkOttawa’s Dominion Dynamics closed a $4M pre-seed round, nearly all from Canadian investors, to build a deployable mesh sensor network for the Arctic.
So what? Early-stage capital is still available for deep tech and national security plays. $4M pre-seed is rare—ambitious, strategic projects get funded.
Action: If you’re pre-revenue or in frontier tech, use this as a comp for cheque size and investor appetite.- Source
Market Mood: Institutional Investors Rotating Back Into Canada
A Scotiabank survey shows Canadian institutional managers are upping TSX allocations, pulling funds from U.S. equities. Tech and scale remain favoured.
So what? This shift could support higher public market multiples and more robust fundraising for Canadian companies.
Action: If you’re considering a raise or IPO, timing may be improving—but margin resilience still rules.
🌲 Western Canada Watch
Softwood on the “Razor’s Edge”: Tariff Hikes Threaten B.C. Mills U.S. tariff hikes are squeezing B.C. softwood margins.
Valuation impact: Buyers will discount for tariff risk and demand clear stories on customer concentration and cost controls. Multiples could compress if policy risk drags on. - Source
B.C. Construction Faces Productivity Crunch B.C.’s homebuilding boom needs more workers and capital.
Valuation impact: Investors will focus on margin resilience and operational leverage. Highlight backlog quality if prepping for a raise or sale. - Source
Bottom Line: Margin resilience and risk management—not just topline growth—drive value. Would a buyer see your business as able to weather policy shocks and cost spikes?
spikes?
🌊 Surf, Turf and Arctic
Source Rock Royalties declares monthly dividend Source Rock Royalties (TSXV: SRR) announced a $0.0065/share monthly dividend. - Valuation cue: Steady, distributable cash flow is still prized by public investors. Consider if a dividend policy could boost your valuation narrative. - Source
Other headlines: No fresh items this week with direct valuation signals.
Bottom line: Early-stage cheque sizes are rising for strategic tech, and public royalty players are keeping focus on cash returns. Are you building a story that attracts either growth capital or income-hungry buyers—and do you have the numbers to back it up?
🌐 Cross-Border Connections
Thomson Reuters Sells Out of LSE Group Thomson Reuters completed its exit from the London Stock Exchange Group, freeing up capital for redeployment. - Valuation cue: Major shareholder exits are about locking in gains and focusing on core business. If you’re sitting on non-core assets or minority stakes, consider whether redeploying that capital could unlock your next chapter. - Source
Takeaway: Don’t wait for buyers or bankers to tell your story—review your portfolio and set your own timing for exits or redeployment.
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